Gary Burnett
Checkbook Control of Self-Directed IRA
Hi-I have a SDIRA and would like to register an LLC in New Jersey for checkbook control. Is it mandatory to use an attorney to register the LLC? If not, what are the alternatives?Thanks.
Sam Morgan
Can Bank Account for Security Deposit accrue interest?
Basic bank account structuring:Can Checking and Savings Accounts for individual properties be within the same institution from which I do my personal banking?If so, can the Savings Account for one property designated ...
Stryker Brown
Adding RV Lots to MHP
I have a 21 unit MHP under contract in an area of Georgia that is in HIGH demand for contract labor right now and I am considering adding RV lots to tap into this crowd. There’s almost no vacancy in the surrounding pa...
John Calcaterra
Mobile Home Park Conversion??
I am seeing several 5th wheel campers replacing the conventional mobile home in our area mobile home parks. Anyone else seeing this? I would think this would be frowned upon in certain municipalities, however it makes...
Alec Johnson
Cash-out Refi on Primary Home
Hello,I am looking to get my first investment property within the 1-3 months. I would like to cash out refi my primary home which is worth about $550K in order to use that money for the new property. Looking to invest...
Timothy Heck
Flooring Vinyl plank rubber back vs. Cork, also Green/aqua carpet in Bedroom
Hello all,We are doing a semi-renovation at an apartment and redid all the flooring. Its a 2nd fl 2 br loft next to a busy local highway. I was going to put in vinyl plank flooring in the living room, hallway, and l...
Chris Lopez
Recommendations for financing first time out of state purchase?
Hey BP!
I could use your advice!
Just recently got a steady W2 job, good credit score in the 750+ range, a decent amount saved for a down payment and am currently living in the Bay Area (where the debt necessary to p...
Jeff Kushner
What are common contract contingencies for the purchase of a vacant lot? (Palm Beach County, Florida)
QUESTION: Are contract contingencies common when making an offer on a vacant lot? If so, what specific contingencies would be considered 'common' vs out of the ordinary or unreasonable?SITUATION: I've got my eye on ...
Nicholas Romero
Mortgage Denied due to PPP loan
I received a precautionary PPP loan for my small business and it seems like it's causing me issues when trying to complete a cash-out refinance on one of my homes. It happened about as last minute as possible - I had ...
Phil Harris
Struggling with financing strategy
I was hoping to use Quicken Loans and FHA for my first 4 properties. Turns out a 4 unit multi family is considered 4 properties or at least that is what I was told. I have some emails and calls out for portfolio loa...