Eseta Matasau
Earnest money/Closing cost questions
1)How much is generally required for earnest money? Is there a state standard percentage of how much money is needed for EMD? (I live in CA, btw.) or is it just negotiable?2) Can you use a credit card to pay for the e...
Michael Juve
How to write up a contract?
I was wondering if any of you guys could help me out. I'm looking for some tips on how to type up a contract for a double closing, and possibly assigning a contract.
Do you guys know any good websites that have thes...
Matt Faix
Financial Planners
What is everyone's experience with Financial Planners? We've been wanting to start working with one, however I'm not quite sure what to look for, or how to find a one that is a good fit for us - especially when involv...
Marc McKinley
401K loan versus investing in QRP/solo 401
Hey BP nation! Quick question as I wanted to see what everyone thought about these two choices.Would you…1.) Invest $100,000 worth of funds within your QRP/Solo 401k directly into real estate or private real estate de...
Tom R.
Would you rent to someone with a past eviction?
Ive got a prospective tenant with an old past eviction. My original rule was no evictions but I know people change. Just 5 years ago I wouldn't have considered myself rentable. And she is willing to have a cosigner on...
Shane Duncan
Will using income to pay downpayment from HELOC pierce the LLC corporate veil?
I am closing on a multi-family soon and the mortgage will be in the LLC's name. All income and expenses will be handled by the LLC. The problem is that I am using a HELOC to assist with the downpayment for the loan. I...
Krista Ozkaraoglu
New tenant has deep freezer
Hello. I have a new tenant and need to write a new lease. My question is, they have a wholesale business where they distribute certain foods. They will be using a deep freezer in the rental garage. Is there something ...
Kevin Vasquez
What stands out to you on this initial cost worksheet?
Background context:I have a 805 credit score, low DTI and attempting to secure the lowest cash out refi to pay off a debt ($50k). My broker is saying the broker fee is a standard $3000 amount bc the amount requested i...
Susan Moscaritolo
Really unclear on the nuances of refinancing - can someone walk me through?
Hi - first time investor, naturally. I have a property that I want to refinance from a hard money loan to a longer loan. Here's my questions: - why is it that the hard money loan, on which I paid interest-only, is now...
Donald S.
Renting to an evicted person, now on HUD?
Hi all, I currently have a 3 bed 1 bath apartment in a C or C- neighborhood that we're trying to get rented out. I'm realizing why people say it's harder to rent in the winter. Well I have an applicant who has evictio...