Jim Fell
Private Lending Certification--Seriously?
I spoke with my attorney this afternoon, and he told me that Illinois is about the pass laws that will "crack down" on self directed IRAs and require private lenders to be certified. Has anyone else heard about this?
Mike Gibson
Dodd-Frank 2014
What's the latest analysis with regard to Dodd-Frank 2014 which comes into effect January 10th as far as how it relates to real estate investors doing options, lease purchases, seller financing, etc.?
Christian Bors
Declining a tenant's application
I have a prospective tenant that filled out our application. Originally, her fiancée and her 3 kids were going to move in. I told them our process and standards we require for our rental units. First, they must fil...
Josef G.
Creating a Property Management Company
I am thinking of creating a property management company (LLC A) in Pennsylvania to manage couple of properties I already own under my personal name and a LLC (LLC B). I've read that in Pennsylvania, one does not need ...
Isiah Ferguson
how can someone refinance a property with a SALARY JOB ?
Hey BP.I was wondering is there a way I can refinance 2 properties that I have which are both free and clear WITHOUT a job. I looked into a hard money loan which based off an individuals' assets in total and it is a 3...
Tae C.
Does HML count against your personal DTI?
Hello all,Not sure if this should go into Personal Finance or not. Anyway, question is as stated - does your hard money loan count negatively towards your DTI ratio? I am wondering specifically in the context of if y...
Ricardo S.
Housing Market vs Rents
Are Rents related to the Housing Market? If the Market crashes the rents should go down too. However if the market crashes that means that people cannot afford to buy so they have to rent and that increases rent deman...
Joe P.
Multiple applications, do I need an adverse action letter?
Hi all -- I have received multiple applications and have gone through the process of tenant screening, and want to select the best candidate (and deny others).This property is in NJ. I want to let those folks know tha...
Steve Uekert
Super Rookie Here. Looking for direction PLEASE!
Hello everyone,My name is Steve and at 46 years old, I'm looking to possibly start a STR business and while I've been doing a lot of research, I guess I'm feeling a little lost (or maybe overwhelmed is a better way of...
Tyler D.
How to qualify for $500k in mortgages?
I currently have $150k and am looking to pick up $500k in homes over the next year. In particular I want to get 10 x $50k homes.My taxable salary is low at $36k per year, but I have a large amount of tax-free income (...