Madeline Walls
Searching for a creative loan solution
Hi all,
I am looking for a creative solution to pull the equity out of my rental property in Texas. To my knowledge, Texas does not do HELOCs on investment properties. I have a 3% interest rate on my current loan, so...
Jeremy Herring
Owner Finance with a mortgage on the property
I have a potential deal that I have been recently racking my brain on how to complete. The owner originally bought a property for 90k. They have 72k paid on the mortgage (high equity & motivated), which leaves 18...
Brandon Becsi
I have too many deals in NC
I have a problem but I guess its a good problem. I mostly do long term rental holds in VA and NC. Especially in central NC there are too many deals for me to get funded. I typically buy a house for 40k put 20k into it...
Dharmesh R.
Should I buy Earthquake insurance for CA rental property?
Is it a good idea for landlord to buy EQ insurance in California for a rentla property with significant equity in it? What are the arguments for and against?I understand it is a strain on cashflow but could it be cons...
Josiah Pisel
Short Term Rental Management Accounting
Hello BP! I am looking for advice and recommendations. I own a vacation rental management company and have properties on both VRBO and Airbnb. I am using Guesty for Host as a property management platform and am mostly...
Bryson McKenzie
Flipping a REO, First Deal...
First, I started a LLC to be a REI. The last year I have really been dragging my feet with trying to make my first deal so now I am back at the tableI found this house which seem to be under foreclosure in my town. ...
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Help -- Need a New Screening Agency for Credit Reports
I own and manage a rental unit in the duplex that I also reside in, and have always been very careful in screening my potential tenants. However, I just received notice today from my current screening agency (landlord...
Lamar Quinn
I have HOA problems....
Hi BP,
I recently tried selling my townhome (CIC) and after pulling the disclosures I found out the 5/12 units are delinquent in paying their dues. As a result the buyers lender will not approve the loan. Apparently ...
Steve Triano
Are there 50k loans available?
I have a property in Fort Wayne that I own free and clear. I just remodeled it and am looking to rent it and pull about 50k out of it. The property is worth about 120k now. What kind of loan product should I go for?
John Hixon
ARV and homeowners
This is probably a dumb question but I will ask it anyway. Do you share the ARV amount with a homeowner when you are trying to buy their property?I know people say to go through all of the numbers with the homeowners...