Graham Storey
Transferring a Property into an LLC
Hey everyone! Hope you all are doing well. My wife and I just moved out of our primary residence (held in our individual names). We are now going to rent the property at out as a traditional rental. I know an LLC is i...
Chris Teed
Doing Business with BP members: Triumphs – Nightmares
I am a noob here, this but my 3rd post. So hope the content doesn’t offend the sensibilities of anyone. And apologies if it is in the wrong forum discussion, seems is a 5 post minimum to post in "make deals, find pa...
Herschel Kessler
Velocity Mortgage
Is Velocity Mortgage a legitimate business? When I call their 800 number is goes to a voicemail with a digital recording that doesn't have their name.
Matthew Johnathan Newton
Rental mortgage question
I’ve been looking into purchasing my first property so I started an LLC to help protect my personal assets from potential lawsuits. I was going to purchase it through the LLC. The banks have said the mortgage needs to...
Leon Greene
Indianapolis, Indiana - Should we buy in our names or in LLC?
Hello everyone,My wife and I are in the process of buying our first rental property in Indianapolis, Indiana, Marion County (we live in New York City). We are buying and fixing the property up with all cash, but we're...
Benjamin Seibert
Multifamily Loans and Refinancing
I am shopping around for refinancing on a duplex I own. However, after calling almost a dozen banks none will lend greater than 70% LTV other than a commercial loan. My only worry with a commercial loan is that its a ...
Stephanie D.
How to get over the fear of renting out?
So we've got an accepted offer on a nice small duplex. We need to meet all conditions by Friday and everything seems on track. We haven't had the inspection done yet because that would be the first money we have to sp...
Dino H.
Tenant Trying to Squat in Apartment
Hello,I help manage an apartment building for my parents in the (not-rent-controlled part of) San Francisco Bay Area.We gave a woman a six-month, end-of-lease notice (my parents were extra nice and gave her more than ...
Nick Smith
Cats.... so many cats!
I'm wrapping up a deal on a 2 bed, 1 bath house for $55,000 in the Midwest. The rent will be bumped up to $700 a month. After accounting for the mortgage, insurance, taxes, cap-ex, vacancy, and property management (bu...
Rami Khaldi
My First Fix & Flip- Lessons Learned
Hey guys, I wanted to take a moment and share my very candid experience on the first ever REI project (Listed today) I've had as an investor. Im 28 years old and my interest started about a year ago where I seriously...