Elisa Zheng
Residential VS commercial loan for multiple fourplexes
Hi everyone, I'm new to multifamily investing and my realtor sent me a few fourplexes on separate lots in the Chicago suburbs. I'm thinking about buying 4-6 of these fourplexes. I'm debating if I should get one commer...
Caleb Heimsoth
Memphis invest review
Hello,
My name is Caleb and I'm still very much new and learning about investor in Real estate.
Recently I have come across a turnkey company called Memphis Invest. I've read most of the relevant threads on BP abou...
Astrid Dymond
Looking for a bank to support BRRR strategy
Hello,I am looking for a (local) bank to support the BRRR strategy. My business partners and I purchased and rehabbed a rental using cash. We now want to refinance it and need a bank that accepts the fact that the t...
Kyle Rice
Do banks factor in trusts or LLC when running debt/income ratio
I have been applying for new loans to buy another property but my debt to income ratio is high because of my existing mortgage on a 4plex. If my 4plex was owned by a trust or LLC would I still have this problem since ...
Quinn Eliason
How to Crush Your Mortgage: House Hacking and 0% Credit Cards Edition!
Are you ready to level up your home ownership game? If you're looking to boost your investment and secure a better financial future, then it's time to try out this three-step strategy. This is the exact same plan that...
Chris F.
Market rate for full service property management company?
Anyone have comps around Minneapolis for what PM companies are charging as full service? Small deals less than 20 units to manage.
Michael Slabitcher
Does a proof of funds letter from a hard money lender guarantee the loan when making offers?
If a hard money lender provides you with a POF letter in order to make offers, does this mean that if an offer gets accepted they have to provide the loan? Obviously hard money lenders have certain criteria the pro...
Micah Freeman
NNN Lease - Security Deposit Listed as None
Went into escrow on our very first NNN property this week. Documentation is starting to roll in as part of our Due Diligence period and Received the lease documentation today and it says "Security Deposit: None". Is i...
Christian Requejo
Pros and Cons between HELOC and Bank Construction loan for New home construction
Hello everyone, I need advice in reference to using a HELCO or Bank Construction loan to build a new home. I have a lot and I want to build a new home on it as my primary residence. I currently own a home with a lot o...
N/A N/A
What is Landlord Insurance
what is it for? Lets say you get a vacancy and you can't find a tenant for 3 months, does it pay the rent while you find a tenant? Or does it just cover you if the tenant damages the property? Thanks