Dave M.
Using LLC to manage other properties
Hi All! I've been mostly a lurker here, but have posted a question or two in the past. I have what feels like a weird situation and I'm trying to figure out how to deal with it. Here's the setup....We have a rental c...
Mike Rubin
Purchase a 2nd property or payoff the 1st property?
I have a question as to what you all feel is an appropriate course of action in the below scenario:
In 2013 I purchase a multi-family unit and still work a full-time job. By the time 2015 rolls around I have more tha...
Marc Silva
To sell, or not to sell?
Looking for some advice. We recently moved into a new primary residence leaving our freestanding condo vacant. The condo is worth roughly $360k. Our 1st mortgage is for $144k @ 4%, and we have a 2nd through a priva...
Joe Frank
40 year loans - is it a good idea?
If my wife continues to work full time we can pay off our home in 2 years but she may have to work less than full time due to health reasons and there is also the possibility she might have to stop working to care for...
Carlann Mckenna
Partnership possibly gone bad
Scenario: Purchase a fix/flip with a partner 1yr ago. My soon to be former partner took the lead on repairs and dealing with finances. She received money from the bank(although we were partners she did any and everyt...
Trent Quinlan
How Early is Too Early? Contractor Looking to Get into Fix and Flips
Hello All,I'm new to BP, and new to the rehabbing/rental scene in general. I'm a residential contractor and I would like for my business to focus on full rehabs rather than smaller jobs for individual customers. It is...
Account Closed
Attorney told me to ask the lender for permission.
Im gonna do a pre-foreclosure deal. I called some attorneys in my area and one of them said I need the lender's permission to make the homeowner's back payments because if I dont ask for permission im just wasting my ...
Shane Waller
Keep Rent out home orSell it?
I have a home I have been renting for 3 years. $650 a month. The tennants want to buy it but cannot through a bank. They would like for me to owner finance. I owe 15 more years. Would it be fessible for me to get a ...
Isaac J Mork
Do I pay off a loan on a property? or look to invest in another long term property?
Looking for some guidance as to what the better choice would be.Do I pay off a loan on a property? or look to invest in another long term rental property?Paying off the loan would increase cash flow larger than buying...
Petr Stuchlik
Refinancing from Hard Money
Hi community!What is the best way to re-finance from Hard Money? It seems like we will be stuck holding a flip over the winter and it would kill our numbers if we continue paying hard money all that time. Any suggesti...