Jack Bobeck
For those of you with tenants, are you getting payments?
For the record, I have 1 rental property in my portfolio and am not working on any flips until the crisis subsides.If you have rentals, are you able to collect rent from your tenants in Jacksonville, FL? Its due on th...
David F.
Best way to finance first investment property with home equity
Hi All, New here and wondering the best way to finance a 3 unit i have my eye on utilizing the over $200k in equity in my home without putting down cash. I was thinking down payment with a HELOC but the repayment term...
Ariel Rivas
Scam alert BE CAREFUL
Please be careful who you invest with and enter partnerships with, To share my story I entered a parntership with PROPERTY BEAST LLC (Ran by Kiernan M Major ) and it turned out horrible.He has and to this day is refus...
Kyle Wenger
Subject 2 an existing HELOC
Hi everyone,
What are some things to worry about in a sub 2 deal where one would take over the existing HELOC? What would trigger the due on sale clause and how could one protect themselves from that? Has anyone eve...
Sarah Bella
Buying a Condo that is in Chapter 13 Bankruptcy
Hello! I was looking into foreclosures when I came across a condo that was in Chapter 13 Bankruptcy. I plan on contacting the trustee for details, ie what, if any, liens are on the property. Is there anything else I s...
Jeff Chisum
Mortgage Relief For Those Effected by the recent Natural Disasters
Fannie Mae and Freddie Mac offer mortgage relief to homeowners impacted by natural disasters, including those with second homes in areas like North Carolina and Florida. If your second home is located in a federally d...
Greg Worzalla
HELOC or Refi to finance?
With the low refi rates out there, I'm wondering if this is now the better option to finance my first time rental property. Needing $40K for the DP, if I use my current HELOC with a 3.75% rate (assuming it says aroun...
Kerry M.
I am the only debtor to my LLC. How can I deduct debt repayment if I dissolve the LLC but continue the business?
We are seeking a first mortgage from a local bank for our 4-plex. We had renovated it since purchase. The loan has to have the property titled in our names, not the name of the LLC. How do we account for the deb...
AJ Witt
Personal Loan to Fund an LLC for REI
I have taken a cash-out loan on my personal residence to fund an LLC in which I am buying real estate.
From an accounting standpoint, what's the best way to structure this? Can I consider this cash infusion into the ...
Mike Mitchell
How to get rid of Debt?
I found myself in around $35,000 of debt and every penny I earned just paid interest on my credit cards, forcing me to start borrowing to live each month. It began almost as soon as I turned 18 when I received a pre-a...