Bob Malecki
Tax reporting for personal property trust
Right now I have a personal property trust (similar to land trust fyi) with my LLC as the beneficiary. I provided my loan servicer my LLC's EIN but they said that is not acceptable, they want a DBA or have me create a...
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Brokers worth the commision?
Hey everyone
I've never worked with a mortgage broker not to say I wouldn't. Does anyone feel that the fees you pay are worth the service you get? Or in general can you find just as good as a deal going straight to...
Ronald Madlock
Putting together a Killer seller financing deal!
Hello All,
I have done a basic buy and hold deal before, but I am now interested in seller financing. When I was selling my duplex I ran across an offer that would require seller financing, but I turned it down due...
Chip Chronister
What kind of cash flow are u looking for
I am looking at a 59 unit complex it was built in the 70's and it is in good shapeit is a class c complex I am talking to the bank (conventional comm. loan) he willgive is a 15year amortized loan with a 3 to 5 year ca...
Reh N.
First Time Investing In
(SORRY IN ADVANCE FOR WRITING SO MUCH. THIS IS MY FIRST TIME IN REAL ESTATE) Hi, So I am looking into purchasing a property for the first time. Here are a few things to consider prior to forming an answer. -It is a si...
Victor D.
Credit Repair Services??
Hello citizens of BP.. Has anyone dealt with Credit Repair companies or anyone that specializes in Credit Repair? I'm trying to improve my credit ASAP to qualify for a loan. I have about 3 credit lines in good standi...
John Voychick
Brrrr refinance fees seem high
this is my first brrrr and I have owned this florida property for 6 months. I own it in cash.Im not sure what to expect with loan fees but here is a quote I got:75%ltvEst. 150kApr. 5.84%Origination: 645Appraisal 685T...
John Anderson
New investor with question about financing
Hi. Forgive me if this is too newb.I'm looking to invest $500k cash into rental properties for income. I want to leverage, but can't use income from other sources to satisfy debt to income ratios (I'm self-employed)...
Nicolas Blish
Deal Fell Through- Shortsale to Follow?
Hello Fellow Investors,Share your similar stories below and help me figure out if I can continue chasing the house or if the deal is gone!Background, flooded house has been gutted and treated. Listed for sale as is. ...
Steve L.
Who do you bank with and why?
I am debating if I should change my primary bank but I am still unsure.
Currently, I bank with US Bank. They have a good online system, you can see scanned copies of the front & back for checks and the front &am...