Raimel Diaz
Proper way to ask a bank for "cashout" refi
Good day everyone. Im in the process of finding a bank that would allow me to do a cashout refi. Now is there is correct terminology for Cashout refinancing when speaking with a bank? When I was speaking with the loa...
Chris S.
1st Buy, Rehab and Hold. Proper Way To Finance.
Hello, this is my 1st post on BP. I am planning to buy, rehab and hold my first property. I've found that BP seems to be the best forum, so that's why I'm here:)I'm just going to level with you and let you know that ...
Robert Cook
How to properly structure a deal with a partner
Hi there,
I'm wondering if someone could walk me through a scenario where two people come together to buy a multifamily. One person supplying the majority of the cash and the other person managing the property.
Wha...
John Stevenson
Proper way to pay renter that does some work?
If a renter does some repairs or maintenance for you, can you deduct it from their rent on the books? Is this okay to do? Or, do you have to make them pay full rent and then pay them and 1099 them (assuming it is over...
Sean Buruschkin
Breaking the lease because rooms cannot be heated properly
I started a lease on 12/15/2018 and I am the tenant. It is a three-story home and rehabbed in 2018. I am the first tenant since it's been rehabbed. To give you full context, the home is located in a flood zone in Phoe...
Korie Apgar
Do I have this refinance and ROI calculated properly
I'd like to know if I'm calculating my returns properly when it comes to refinancing. Original purchase and closing come to $27,000. I'm all in at $27,000 and when I refinance I can pull out $20,000, plus to close a...
Zachery Highfield
How to properly form a company with 3 partners.
I hope everyone is well! I was curious to see how I could go about setting up this company I have in mind. There are 3 partners. 2 partners with an MLO, and real estate license. We also have a partner with a GC licens...
Samantha Hopkins
Contractors Who Don't Know / Want To Create Proper Invoices
Hi Everyone,Many of my contractors and subs seem inconvenienced when I request an an invoice from them before I can remit their payment . I am wondering if I can create an invoice where all they would have to do is ...
Rojan Jacob
Steps for a proper Due Dillegence on a property?
As a novice investor that possible has found the property I want to take the plunge with, what are the steps to do a thorough due diligence on a property and any good websites that might help we along this path would...
Josh Milewski
What's Proper Etiquette When Visiting A Tenant Occupied Property?
I'm working a lead and the seller gives me permission to visit the property after confirming a time with the tenant. The seller told the tenant I'm an insurance agent so not to reveal the potential sale. I wasn't plea...