Daniel M.
Best Online-Only Business Banking Solutions for Real Estate LLCs
I am looking for an online-only business banking solution that offers:
1. High Transaction Limits: Real estate transactions often involve large sums of money. Investors might require a business banking account with h...
Account Closed
My late fee clause
Hello all, my first post here. Tried searching but couldn't come up with the answer I was looking for. First im looking for an opinion on the legality of my late fee clause pertaining to charging a 5% late fee for 1) ...
Matt Leber
How Does HELOC affect Lender Debt-to-Income requirements?
Hello All,My wife and I have recently started the process of applying for a fixed rate (4.5%) HELOC with $100K limit with a draw period of 10 years. We own a primary residence and 2 rental properties. The reason we ...
Jeff Caravalho
Solo401K - How to administer a loan to myself
Hi BP, I would like to loan myself 50K from my solo401K to pick up a foreclosure at auction. My custodian says it's my responsibility to administer it. Seeking direction on the best way to do that. I'd like to min...
John Gillespie
High Balance Conforming Mortgage Seasoning
High Balance Conforming Mortgage Seasoning?
For high balance conforming mortgages (rate/term) are there any seasoning requirements?
There is a lender that is telling me that there is a 6 month limit from the close...
Jack Wang
Tennant Suing for Deposit (TX)
Tennant of 2 years did final walk-through with landlord in person, noted various issues like fridge/oven/microwave cleaning & one missing garage key. Some burnt out light bulbs, dirty unchanged air filter, dust/ha...
Alec McGinn
What is the best uses for a credit card?
Currently, I have one credit card and pay the balance off every month. How do you all use credit cards as a tool? Let me know your thoughts!
Andrew Perkins
Family and work life balance
I am in the beginning stages of purchasing a rental property with a goal to close a deal in Kansas City this summer. I am looking for a long term single family residence. The ultimate goal is to have several cash fl...
Tim Kaminski
HELOC Downpayment Question!
BP,Have a Owner Occupied Duplex that I have been renting out and fixing up for the past 8 months. Wanting to pull out equity with a HELOC and look for another 2-4 Unit use that money on a down payment.Question: Say ...
Justin Lee
Primary Residence Refi to a heloc
Hi,
I want to pay off my current mortgage balance and open a HELOC to do so. Is this possible?
Ex. Open Heloc to pay off the first mortgage and utilize the rest as a resource to fund other deals.