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FACT: Borrower asks lender a “favor” to increase their payoff as a way to get hundreds of thousands extra back but NOT given back at closing on HUD, rather under the table directly from lender to borrowers after lende...
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Hi all, My husband/business partner and I own 3 rental properties in NC. We're getting ready to invest in another property and wanted to know if we should consider setting up an LLC now. Some places have said to set u...
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Hey everyone, I have found PropertyRadar to be an amazing website and REI tool. That being said, if you sign up for their free trial please be aware that they make you contact customer support in order to cancel. ...
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Dear Community Members,I have got a proposal from an wholesaler for buying a property deal, so need your suggestions and advice on things to keep an eye on. As I am based overseas and will not be in a position to phys...
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BP Community,Ever so often we come across investors whose tactics don't give us the "warm and fuzzy". While each state has its own legislation and case law, it is important that we all, in our continued efforts to so...
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Hello all,I am currently “house hacking” a single family residence with Airbnb. I rent out 4 rooms while living in the 5th bedroom in a separate suite. This produces significant cash flow each month and I am living in...
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Can someone help me with this? I have a couple of sellers that have some HOTT deals, but don't want to tie the properties up unless I have a buyer first. I have an option contract that is structured in a way that allo...
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I have a rental that is kind of unique so it is a little hard to rent. I have had what I thought was a great potential renter complete the application. The problem is both the husband and wife have terrible credit (...
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Hi all,
I’m looking to acquire a HELOC on my primary residence that Ive just started renting out. I’m currently living with my girlfriend at her place so this is my only property and it’s in my name (lender would not...
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Could i actually buy a place with a FHA loan and just rent it on AirBnB? how do they know you live there or not? I have heard in some of the podcast that you must stay for at least a year.....