Eric Hathway
How to provide proof of funds to seller when I have line of cred
This is my first BRRRR. I'm offering cash on a foreclosure and the seller wants proof of funds. I have a home equity line of credit which I set up for this purpose with a more than sufficient limit.Should I provide th...
Eric Bell
Bad credit + bad debt to income ratio
Looking to start doing lease to own as my first real estate endeavor. I live in a oil/forestry town in northern Alberta where people are often cash rich but sometimes credit poor. I want to use the tenant first strat...
Donna Bishop
INVESTOR/AGENTS - DISCLOSURE Language
Looking for Best/Simple disclosure language that states that I am *A Licensed Real Estate Agent in Nevada...Does anyone disclose REALTOR status on your Marketing/Ad Campaigns/DirectMailers?
Kelly Williams
LLC Mortgage Loan Without Personal Guarantee
Is it possible for an LLC to obtain a mortgage without a personal backing? It is my understanding that if the LLC has good credit and a history of financial dealings then it can. How long of a history and how ...
Gerald Harris
Requesting Delinquent Tax List?
How would I go about requesting a list of Delinquent tax properties? Call? email? Writing?
Sharifa Bennett
Lease Termination for A Tenant Allowed to Stay an Extra 30 Days
Purchasing a duplex with tenants with a lease ending March 30th. They've asked for extra time to find another rental. My realtor has added an amendment to the agreement that requires the seller to provide 60 days noti...
Harry Arnold
NJ investor friendly bank?
Hi. I have 4 rental properties financed through a niche lender. The rate is high, and I want to do a no cash out refinance to lower the rate. I’ve had the properties over a year, they are all at or below 70% LTV, I ha...
Venkat Raghavan
Title Insurance
Hello BPers,
I am in the process of purchasing a rental unit for 62k and I am having a friend of mine finance it (Deed for 40k). He is not too adamant with the title ins, unlike lenders.
Since I am going to get a ...
Vanessa Ivonne Hernandez
Bank Accounts for New Investors
Hi BP Team,
I'm in the process of closing on my first rental and I have questions about setting up bank accounts.
I understand we shouldn't co-mingle personal funds so a separate checking account (operating costs) ...
Dori Arazi
Can someone buy a property on my behalf?
I have a bird-dog finding me out of state distressed properties and a contractor lined up to do the work. Is there a scenario I can set up where someone can purchase the distressed property on my behalf? These are all...