Derek Robinson
Mobile Home, no title or VIN on trailer...options?
I'm closing on a piece of property this week. It has two single wides currently. One has the VIN and other info on a sticker in the master closet, so I'm good on that one. The other has been "remodeled". All inter...
Doel Gonzalez
Help on buying student apt in Puerto Rico (Financing, etc)
Hello BP!My mom owns a student rental in Mayaguez, Puerto Rico, walking distance (5 minutes) to the university (UPRM). I lived in it while I was a student and my mom is now considering selling the apartment. I have a ...
Brian Garrett
Line of Credit based on Cash/Assets
I keep hearing about a LOC that gives you 5x your liquid cash and/or assets.For example if someone had $100k in their savings account they would have $500k of purchase power.Does anyone know anything about this progra...
Patrick I.
Rent Collection Method
Good Morning MN BP Community;I will be closing on my first property in a couple of weeks and I was wondering if you could share some advice about rent collection. I am hesitant about accepting checks and would rather ...
Tommy Sessions
Financing a property with mobile home on it.
Does anyone have experience buying property with a trailer house on it? I’m looking to purchase a lot with a house and trailer house on it. We would pay cash initially but do a cash out refi after renovation just curi...
N/A N/A
Default balance vs list price
I am looking at an REO property listed w/ an agent for 388,000. I found that the home had a 83,000 balance on the original mortgage. I'd like to make an offer but I'm not sure what offer to make. Do you think it at al...
Rebecca Knox
Roosevelt Grove rental
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $32,000
Cash invested: $6,000
This is a 2-bd, 1-ba brick ranch with attached 2-car garage, 1281 sq ft, central ai...
Guillaume Derouet
Foreclose on a LLC
Hi Guys, if i buy a property under my LLC and default on the payments and the lender foreclose on the property, does it affect my personal credit?Please let me know.Merci,Guillaume
Joe Frank
IRS TAX LIEN INFORMATION
16 years ago I was going to buy a property and signed a purchase agreement but later wanted to back out. A sibling wanted to purchase so my brother obtained a mortgage loan. I thought my name was removed.16 years late...
Dennis Powers
Can I attach a multi person LLC to my conventional loan
Can I buy a property with a conventional loan myself, then attach a LLC to the property with my 2 partners? Will the bank allow that? That said if we were to run a business out of that house under a LLC could the ban...