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Hi,I own a rental property that has an equity of 250K and mortgage of 200K with a 2% rate . Price likely to rise as in central London. I haven't been paying any of the capital up to now but considering my age am now i...
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Looking into a commercial loan of $2,000,000. Never done any financing this large. Is it normal to have a 1% loan fee for a commercial property? Also appraisal is around $6500. All this seems high but a newbie to the ...
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A debt settlement process is not meant for everyone however, it may be something to look into. Debt settlement is a method to help reduce your debts where the creditor and the debtor both agree on a repayment balance....
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I know you're not allowed to use personal loans to fund the down payments on real estate properties however, are you allowed to use the personal loan to finance the holdings costs and other costs you may incur in the...
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Hey All,Purchasing a building in Philadelphia, PA as a New Jersey resident. Do you recommend the LLC that will own the building be incorporated in PA, NJ or does it not matter?Thanks for your advice in advance.
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I run my real estate investment business through my own S-corporation. I get health insurance coverage from my spouse's employment. I'm not looking for legal advice on how to set things up or the limits on anything. W...
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So I was thinking of re-financing. I have a 30yr fixed and was thinking about 15yr fixed because of the lower rates. The difference on conforming (417k) is about .75%.My monthly payment with 30 yr fixed was 2082 (4.37...
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Hello BP community, after a good time renting SFH, last week a tenant left an old truck in the backyard, she is not responding my calls and texts, what should I do?
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Hi all,I know the *real* answer to this question is ask an accountant. But I dont have an awesome real estate savvy accountant yet and sometimes the best advice is from people who are experienced in doing it.We are i...
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Hello,
I'm looking for an actionable steps I can do until I can purchase my first investment property in about 3-4 months.
I'm in the process of building my primary residence so I am unable to incur new debt or pu...