Karen Margrave
Architectural Design Costs - What and how do you pay?
For those of you doing new construction, do you use an architect or a drafts person for your your designs? When you start the design, do you know the style you want or does the architect make those decisions? What do ...
Bob Evans
Hiring an employee (son) with S Corporation
Hello,
I have a question and was hoping someone who is knowledgeable about running businesses (especially S Corporations) might be able to give some advice. My wife and I are both retired and own an S Corp from when ...
Connor Ong
Bought New Build, 8 months until Close
Hey BP, I'm out in Chandler, AZ (a city just outside of Phoenix, AZ) and I'm under contract for a new build townhome. I paid my deposit and locked in my price back in February of this year. The estimated completion da...
Account Closed
May Rent Coming Due - What Are You Gonna Do?
With May coming due and the pandemic another month in and no end in sight, I wonder what other landlords are going to do this month? No pay no stay? Tally it up and evict later? Raise rents to cover losses? Grace? Bla...
Areeb Naseer
HELOC for down payment
Hello,
I am just starting to invest in real estate. Rather than investing out of pocket, I am planning on getting a HELOC on my primary residence that has significant equity in it. I plan on using this as down payme...
Account Closed
How to save for investment property with debt & tips for buying?
I recently read Rich Dad Poor Dad and decided I wanted to pursue financial freedom via REI. I am a 24 year old who graduated college with about $30,000 in student loan and pay-day loan debt and will be acquiring abou...
Andy H.
Structuring payment plan for damages owed by tenant
Imagine our surprise when a former tenant who owes about $1200 in damages beyond what her security deposit covered contacted us asking about setting up a payment plan to repay! We figured we'd have to take her to smal...
Christopher Winkler
Unsecured Debt After A Stripped 2nd Lien
Can someone tell me if a 2nd lien is stripped in a Chapter 13 bankruptcy, is the now unsecured debt still valid, and can a lien be placed on the person?
Ethan Grier
Real Estate Investing with a 401k?!
Hey BP,
I'm trying to figure out options for REI with a 401k. I've read about a few users on BP doing it, but I'm still not entirely sure how it works. The main reason I'm interested in doing this is that my company...
Kevin Reik
Percentage to private money lender family member
My father is considering a HELoC to fund my real estate investment What would be his pay structure? What percentage should he get?What are average HELoC rates (Im in NY but curious of rates to expect)He would be silen...