Michael D. Menesses, Jr.
LLCs vs Individuals and financing/refi
Rookie investor about to buy 1st property in Louisiana. Please correct anything below that seems incorrect, or misunderstood. I’m trying to see big picture, beyond this first door, so I don’t lock myself out of more p...
Charles Worth
How Low Can Your Return Go?
As returns seems to have compressed in most markets, I thought it may be interesting to ask the following question(s) to the BP community:1)How low can your returns go before you just withdraw from the market or seek ...
Francisco Avancena
Hard or Private Money Lender for Land Flips
Hello BP!
As a new real estate investor, I have been exploring each strategy real estate has to offer. The first thing that I explored was doing the BRRRR strategy. However, I didn't continue this since I couldn't fi...
William Stinson
Employee approached me about doing a secured promissory note
I recently had one of my 1099 employees approach me about helping him deal with some back taxes that have come to a head and he is running out of options. He owes $60,000 to the IRS from 2004 taxes and he has asked me...
Account Closed
Best Hard Money Rates
Most of the ads seem to say most HMLs will lend 65% to 70% LTV for rehab projects; but in reality, most of the quotes seem to be in the 35% to 40% LTV range. They often mention only funding 80% of both purchase and...
Kevin Schayltz
HELOC Advice - Finding the best deal. What to look for?
Hello,I'm looking at opening up a HELOC on my primary residence to use as seed money to start investing. What are some of most important things to look for in securing a HELOC? Who are the best banks to get these type...
Mendes Garvin
LTV
is 65% LTV a reasonable starting point when trying to purchase a foreclosure. Can't seem to get banks to let go of their REO. Is there a different strategy I can employ?
Jory Sturdevant
Assistance with trying to refinance first rental property
Thank you very much for looking at this and possibly helping out. I recently purchased a rental property (duplex) as my first property. As many do, I made quite a few mistakes and probably over rehabbed the property. ...
Aaron Leger
Cash out on loan
Hi all,how long does one have to wait to cash out on a property? Are there 90% LTV products? I’m new someone please take pity on me and walk me through
Zach Proto
DSCR loan With no prepayment penalty
Hi looking to get DSCR loan for a few of my STR properties. They are condotels. Any recommendations? Any places that do not have prepayment penalties or have lower LTV requirements? Thank you