Marco Morkous
LOC, what do y’all think?
So I’m wondering what you guys thoughts on LOC are. Basically they are a way make a cash purchase, finance the rehab, then after I could refinance and clear out the line of credit. Not as much dealing with lenders, ca...
Corey Dutton
How Will Bank Lending Be Affected By New Banking Standards?
Although people will strongly argue that banks should have higher standards imposed for liquidity and leverage, opponents of the Basel III have said that it will put many of the smaller, local banks in the U.S.A. out ...
Mike Jones
Proof of funds required?
Is proof of funds required to simply submit offer? I've submitted two offers in the past and was never asked for it. I was told it would only be required if the offer is accepted and the bank/owner wanted to move for...
Stephanie Zito
1031 Exchange
Hi I am newbie and wanted to find out if you sell a residential property that is titled under an LLC can you use the 1031 exchange for capitol gains exemptions?Kind Regards,Stephanie
Denny Thurston
What is a good business back account for a new wholesaling biz
Hello, I am just starting up a wholesaling LLC and was wondering if anyone had some recommendations for a good business checking account to use. I live in Dallas, Texas. What banks are most efficient, what sort of f...
Omar Johnson
Loss Mitigation Alternatives
With historically high rates of default on home mortgages lenders are facing many more foreclosures than they have in the past. This allows for short sale investors and pre-foreclosure specialists to thrive in the cur...
Rod Govea
Pre Foreclosure - Paying off balance and acquire property
Hello BP nation, looking at county assessor's office and properties that are scheduled to be foreclosed.There is one in particular where the outstanding balance states roughly $35K. I know the property is worth much ...
Patrick Crotty
Student Loans and DTI
I am 36 and currently researching real estate investing. I have about $60k in student loan debt spread out over 6 loans and am making about $450 in monthly payments. I have approximately 22-27 years left on my curren...
Christian Podedworny
Advice on Freddie Mac multi family small balance loan
I want to start out and say i have never acquired a multi family property but I am eager to purchase my first multi family property. At this time I own a mixed use property, duplexes and single family homes. After man...
Gilles D.
1031 and FIRPTA
Hi everyone!I am close to listing one of my properties that thankfully has appreciated a bunch over the past couple of years.A couple of things I was wondering about in regards to the sale of this property, I plan on ...