Zachary Hutchinson
60% Leverage as a Principle
So I’m saving up to buy my first rental in 2020. I have a wife and a kid on the way, and I’m a newbie. I’m currently writing down sort of a 5-year rental property plan, and I want to hear your thoughts on a principle ...
Cat R.
Serving 3-day notice after new property manager notification.
I recently sent a tenant a letter notifying a tenant that I will be handling the management of the property they are in and my father is no longer the one they pay rent to. However, that tenant hasn’t paid for Decembe...
Pierre Cormier
Rent to own property hack?
I recently found a two for one deal too good to pass up and I'm now trying to put together the numbers to obtain the properties. The owner lives out of state and was trying to do owner financing but has since agreed t...
Drew Acocella
How to take out an FHA loan on a 4plex with only 3.5% down
I'm getting into the real estate game and I feel my first step is to eliminate my living expenses and instead profit from it. I heard the best way to start is by taking out an FHA loan on a multi-family. As i'm lookin...
John Citro
LLC on a JV Deal
I have my LLC already set up, however looking to do a JV deal(fix/flip) with some other investors. Is it easier to add them under my LLC(if needed) or would you recommend setting a completely separate LLC for any deal...
Sergey Grunt
Looking to refinance investment condo as LLC in Denver
I have a 1 bedroom condo in DT Denver looking to refinance into my LLC (off my personal credit). I found local banks and am looking for some recs/rates/brokers. I went through better.com to price out an investment loa...
Ricardo Olea
Removing Name from DM lists
Hello BP family,Since we're in the business of helping others solve problems I have a question for you guys. DM'd an Out of State list and had this older lady call me super angry/upset that I sent a letter addressed t...
Michael Bertsch
Lender reserve requirement
Hello BP community! I have a question about the 6 month reserve required whenever you finance a property. Could I take cash from my HELOC, transfer it to my checking/savings account, and that be my reserve? After fina...
Jeff Johnson
Subject to on short sale property
Has anyone contacted an owner of a property that was listed as a short sale and offered to do a subject to? Is this possible?
Joseph Cahill
Forming LLC in New Jersey
Hi Everyone,I am looking to buy my first property in the next 2 months and was curious to get people's takes on forming an LLC. 1. If you form the LLC, can you purchase properties under it, or do you need to buy it as...