Dan Wynn
Refi problem
Hey BP friends,I bought a home for 25.5k, put 32k in renovations, all in 57.5k, and got it appraised at 100k.I was going through a refi process with quicken loans, i worked with them for the past 3 weeks completing th...
Paolo Ruggieri
Portfolio lending - need referrals for perfect borrower
I have portfolio 20 rented single family homes to finance ($3m value, need 1.7m... 0.2 Refininace +1.5 cash out) that I own since 2-3 years.I am perfect borrower (high personal and business credit score, stable rents,...
Meredith Pacifico
Dissolved HOA, Now Property is "Non-Warrantable"?
We're looking at one side of a duplex on a street that once had an HOA, but it has dissolved. The unit was under contract but it fell through because the buyer's bank/financing said the unit was non-warrantable and th...
Geoff Pettis
When to use an LLC? One LLC per property or multiple properties?
I know putting your rental properties into an LLC reduces the personal liability of being a landlord. But, is it really necessary if you just own one, two, or even three properties?
Matthew Schmitz
Do you have to own a property free and clear to put it in a LLC?
Hi everyone, my question is can I have a mortgage on a property and transfer it into a LLC, or does it need to be paid off first, and also I have been told banks wont lend to a LLC if you try to buy a single family ho...
Randy Babineau
Can I raise the rents for some units but not all in my fourplex?
I currently own a fourplex and have raised the rents for all units over the last two years of owning the property, but the rents are still below average for the area. If I decide to raise the rents again, are there an...
DJ Cummins
So...how many bank accounts do you have?
We are getting ready to buy property number two, and possibly number three in the next couple of months. My wife feels like we should have a bank account for every single property we own. I guess that is fine with 2...
Nicholas N.
Wholesaling Attorney Question
So I'm wholesaling a property with an out of state seller. I have the contracts written by my attorney, and I planned on faxing them to her to get her signature and then having it faxed back. The problem I've encounte...
David Ivy
Austin Market Update - May 2023
The May 2023 real estate market numbers are out from the Austin Board of REALTORS® (ABoR). The median home (of any type) in Austin sold for $550,000, which is down 16% from May 2022. The greater Austin metro had a sim...
Matthew Cope
Apartment Dumpster Headache
My wife and I bought our first apartment in Springfield, MO last winter and the biggest headache we've had with the property is the dumpster. It's turned into the community dumpster and people (non-residents) keep lea...