Jon Licht
HELOC on Rental Property - California
Hi all,
I'm looking into lenders who offer HELOCs on rental properties. I have heard PenFed is the only national lender. I have also heard that an alternative method is to reach out to local lenders.
Has anyon...
Justin C.
simple bookkeeping question - credit cards
If I charge $500 at Lowes for supplies and list the entry as a supplies line item, then where does the credit card payment go? Can't wrap my head around this one.thanks in advance
Kishor Thope
Replace your mortgage by Michael Lush
Hello BP members,
Is anyone familiar with this program? If so, would like your feedback. I am interested in this to build up equity faster and use that to buy real estate.
Thanks, Kishor Thope
Michael Henry
How many offers do you write in a Month/Year?
I have heard of investors writing 400 offers in a year and only getting about 40 deals. How many offers do you write and what is your ratio?
John Pak
Can I deduct $1200 expense for a property I did not buy?
I incurred about $1200 in expenses in trying to buy an investment property. After many inspections, professional opinions, and negotiations, I backed out because the price was too high vs. estimated renovation costs....
Chootar Laal
Do I need to send notice at end of lease for vacating?
My tenants are moving out at the end of the 1yr lease, but this has been a verbal agreement. Do I still need to send a notice 30 days prior? If so, can it be via email? Or does it have to be snail mail? proof of d...
Mitchell Rusten
ELI5, why do people put profits into a 1031 vs a tax write off
Simply put, why do real estate investors need to put their profits on something like a flip into a 1031 exchange rather than simply putting the profits into a new property and writing off the acquisition like a normal...
Alfred Litton
Paying Myself Electronically from My LLC
Dumb question, I know, but when I pay myself from my LLC, do I need to write a physical check or can I simply transfer the funds electronically to my personal checking account? I ask because with an electronic transfe...
Pat Arneson
Deed of Trust and Note for Private Lender?
I have an opportunity to raise capital with a private individual at a flat interest-only rate as a way to reduce interest charges and eliminate origination and service fees. I'm looking for ways I can "protect" this p...
James Luctamar
Looking to connect with experienced Wholesalers!
Happy New Year!I’m an out of state investor and I’m looking to shift capital & connect with experienced wholesalers. I’m a direct buyer (NOT A WHOLESALER) looking for MULTIPLE Value Add multi family homes in the C...