Jason Morris
Real Estate: LLC options
Hey guys! I just closed on my first investment property a few days ago. Unfortunately for me the lender and the title company were not seeing eye to eye. I was unable to close the investment property in the LLC. I had...
Tanya Ansari
Business LOC to use for RE deals
Hello BP community!We are looking for ways of how to use Business LOC to invest in RE.Can someone explain in simple words how it all works? Pros and cons?We do have great credit scores, financial situation. We opened ...
Ruben Marquez
Can I build credit at 17?
Hey i’m 17 years young and i’m planning to buy a property soon in the near future(18) and dive into the real estate business, only problem is i need a good credit score but i’m not sure how to build it as i’m not 18 y...
Tony Marcelle
HELOC for rental property?
What lender do you recommend I talk to about getting a HELOC on rentals here in my local area?
Ryan Johnson
Credit Setback-Huge Drop
Hi, Bigger Pockets. I spent the last 2 years working with a credit relief company to repair my credit score. My credit was finally in great standing and I was pre-approved for a mortgage. I continue to monitor my scor...
Bienes Raices
LLC and the security deposit
For those that own multiple LLCs, how do you handle the security deposits? In my state the law is the deposit is supposed to be held in it's own bank account and not comingled with any other monies. That could become ...
Randal McLeaird
Seasoning a Note: Reporting Seller Financed loan to buyers credit
I'm about to seller finance my first two deals and I want to know if/how I can report the the loan to the buyers credit. Is this possible?
The main reason I want to know this is because I want to season the notes for...
Maria M.
Inherited tenant wants to pay cash
Hello everyone,
I have two inherited tenants who want to pay cash. They could do so without problems in the past, because the previous owner employed a property manager. The rent is over $1000, so I think mailing a m...
Steve Vaughan
Pay off mortgage for a large HELOC?
We have a relatively small mortgage with a relatively high 15yr pmt. We are 9 years in.
We were considering doing cash-out refi's on 3 residential rentals to pull out about $300k to beef up our opportunity fund.
...
Brandon Hutslar
Tenant Payment Issues
Hi everyone! I currently have a tenant in Washington that was 13 days late on her rent payment. We have her paying through RentRedi. We got a notice from RentRedi's underwriting team that they are holding the funds du...