Carlos Flores
High FICO, low balances, pay on time? You're likely to Default
According to this article, http://www.examiner.com/article/the-fico-credit-score-and-strategic-default, researchers have found distinct character traits that identify potential strategic defaulters. They say strategi...
Frank Jiang
Just closed my first SFR Rental deal! Looking for accounting software.
Hello BP,I have been a reader of the site for quite some time but I have not yet posted. This week, my wife and I closed on our first deal: SFR in Memphis, TN with a 2-year lease tenant already in place.In my day job...
Ken Nyczaj
House Flipping- LOC or Conventional Financing to an LLC
Hello everyone,Some of you may have seen my posts about a month ago looking to get into a Duplex in a Condo Association that had questionable financials. Decided to not go that route, and instead partner with a few fr...
Connie Steele
Commercial loan conditions
we are purchasing a 16 door unit. Received loan docs and there are the following conditions. Wondering if this is normal as its our first commercial loan. Provide yearly tax returnsProvide leases and tenants informa...
Keith A.
Business Line of Credit involving personal properties
I have properties in both my personal name and business LLC name. Some of the ones in my personal name have conventional financing and others are free and clear. Similar with the ones in the LLC, some with private l...
Rahil Jain
Vineyard Estate deal strategy review
Hi all,
My first post did not go into much detail about the business financials. Based on the questions received, we pressed sellers on specifics and now have greater clarity on the overall health of the business. He...
Omni Casey
Mailbox money and answer to previous questions
OK, I KNOW that I will get in a lot of trouble for this post. I had to leave the house before posting this because my wife is going to kill me…. so I may need a place to sleep tonight 😬😬
However, I am continuin...
Chanelle Dupre
What financial metrics are most important for landlords?
I'm wondering what financial metrics are important for landlords? Most landlords like to know the equity building on their property. After all, buy and rent out properties as part of their long term strategy. But ther...
Noe Hernandez
Aspiring Real Estate Investor!
Hi all, my name is Noe I am 30 years old a Texas Native born and raised. I am currently in the automotive industry as a sales consultant for Lexus and have the dream of financial freedom! I am the primary bread winner...
Account Closed
Gramm-Leach-Bliley Act (GLBA)
I am closing a deal this Friday and the sellers settlement attorneys have issued me a Gramm-Leach-Bliley Act notice stating the following "In compliance with the GLBA, we are providing you with this document, which...