Michael Wentzel
What happens when my portfolio lender says, "No more loans."
I've been working with a regional bank for about a year and half. I have one property on a 30-year fixed with Fannie Mae. Then I've done three more properties on portfolio loans with the branch president of this regio...
Joseph Verschleiser
Invest in a property using self directed IRA
Hi all - I have a bunch of money sitting in a Roth IRA which I’ve recently learned can be used to buy an investment property. I have enough for a decent down payment on property. Has anyone recently used an IRA to inv...
Ian Lockwood
Career Insight
BP Community, I'm hoping you guys can provide some insight into my situation. I'll start first with my long term goals. Long term: I would like to make full-time income from residential properties I own and rent. Star...
Joel HusVar
financing problems please help
I'm tring to get financing however everyone is shutting me down. I've called wells fargo, hsbc, citi, ect and I keep getting the same answer. They will not finance a 2 family property to a LLC. They want me to person...
Jennifer Delmore
Job title - fact or fiction
What's in a title? It's all about presentation. I mean, at 16 I was "VP of International Marketing" for my dad's small business. Reality - I printed and stuffed and sealed envelopes for his direct mailing campaigns a...
Chip Chronister
Due on sale called what now?
I bought a house approx 9 months ago with sub2, caught the house up paid all the fines etc of 1200 and then I gave the sellers 800. I filed the deed. The bank that has the loan I actually used their meeting room and t...
Derick Epstein
New Investor
Hello,I have a bunch of questions as a new investor into real estate, especially through Home Union. I suppose listing them out would be easiest:1.) When I invest, do I actual own solely the property?2.). Home Uni...
Kyle B.
REI Clubs in Chicago
Hey everyone,
I had a quick question for BP's Chicago-based investors. Wanted to know if anyone here is involved in an REI club located in the actual city of Chicago. I've done some basic searches for this, but have ...
Mussa Kiroga
Newbie takes a step
Hello BP,
After reading a few books (BP's own UBG included.) to get started I have decided to take the first step.
I am a total newbie and but yet decided to start out by focusing on multifamily propert...
Veronica Thomas
Tax credit for historic building
Just curious if someone could explain to me how the 20% tax credit works for an old building. My husband and I are looking to invest in a 100 year old 2-story building in the downtown area of our small town. The buil...