Karen Salem
How do I buy building materials with a self-directed IRA?
While trying to set up a self directed IRA for real estate investing the rep explained to me that I can’t go to Home Depot to buy building materials. He said I “ You have to stay out of Home Depot” OK, not off to good...
Trisha S.
Claiming income for our rehab labor, through our construction Business
We need to claim more income to move forward with real estate. We would like to claim our labor on the last two houses completed in 2014; 1830 E. 7th Street and 815 N. 12th Street. We refinanced these properties and w...
J Berk
Pay cash to avoid mortgage costs?
I have just finished negotiating the purchase price of a lake house in central NY for 192,500. This is a buy and hold. Im going to keep it and use it and make love in it for many years.
I am contemplating a couple ...
Clinton Leighton
HOW TO GET EQUITY OUT OF AN INVESTMENT PROPERTY.
SHORT VERSION: I HAVE SOME EQUITY IN MY FIRST INVESTMENT PROPERTY. I WOULD LIKE TO ACCESS IT TO PURCHASE MY NEXT INVESTMENT PROPERTY. HOWEVER, I HAVE SPOKEN TO A LARGE COMMERCIAL BANK (WHERE I HAVE A BUSINESS ACCO...
Eric Telese
Debt to Income too high for conventional
Hey all,I just got a property under contract. It is going to be a primary residence. A few local credit unions have said that my debt to income ratio is too high to get approved for the loan amount I want. The reason ...
Justin P.
Do all house flippers only care about getting cheap contractors?!
Do real estate investors think they are the only ones that need to be making the good money? I’m talking about from the perspective of a good quality contractor getting turned down to do a job because some shade tree ...
Ralph Santos
Banks or Credit Unions?
I'm just beginning to build my property investment portfolio. As a beginner, which should i choose to open my investment portfolio account with? Should i go with a bank or with a credit union? What are the pros and...
James McCreary
Recommended Phoenix-area Insurance Agencies
Hello everyone,After some research, I couldn't find much info on recommendations for commercial insurance providers. I am working on (LOI/PSA stage) for two properties in the Phoenix MSA. Property #1 is 11 units, Prop...
Carson M.
Structuring Private Money Loans for Rentals
Hello all,
I currently have sufficient income through my small business, good savings, but lack of taxable income and credit due to being self employed (taking deductions) and being 19 (lack of credit history...
Deanna S.
Property Ins. in Cleveland area does not cover burst pipes?
Hi, BP. We were just told by an insurance agent yesterday that property insurance for rentals does not cover burst pipes due to freezing in Cleveland area. Would appreciate input on that. That was new to us. Than...