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I called my mortgage loan officer yesterday to discuss lending options for my many properties in LA. I'm looking to grow my business, and I wanted to borrow using my rental homes as collateral. I have zero debt.She ...
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Hi everyone, I need some tax and legal advice in my situation where I have been incurring a good amount of unexpected expenses, and after some research tax rules seem to allow up to $25K of write-offs a year, but is p...
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I have a question:I just got off the phone with a Real Estate Attorney (from Legalshield) because I wanted them to review some contracts for me to do some Wholesaling and Assignment of Contracts here in California.The...
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Every time I read about the strategy of assuming a non-assumable mortgage alarms go off in my head. I have read the whole philosophy that banks would rather have a paying customer than foreclose. And this little vo...
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Hi all! My house at 11847 Burning Bend in San Antonio TX is taking a bit longer than expected to sell! We are getting close to 6 months since acquisition. Bought with a hard money lender.Our exit strategies are as fol...
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I live in Chicago in my owner occupied 3 flat, and am looking to move/invest in the Vegas area. I began looking at multi-unit buildings to do another 'house-hack' by living in a unit and renting the others. However, ...
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Good evening! I've ran into a little bit of a stumbling block and I'm looking for additional options for my next move. I appreciate all answers in advance.I have a signed contract to sell a mobile home but the park ...
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Good Evening BP members!I am very new to REI and my fire was sparked by a free webinar hosted by Larry Goins. I learned of Seller Financing that day and I got really excited. Unfortunately, the $5k-$10k homes that I c...
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Hello Everyone,I just recently started a business this year to do LTR, and started fixing up a little house in the back of the property as well but ran into plumbing and electrical issues that cost more than expected ...
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I am on the dark side with this question. My current land lord in short wants me out. 1 day after the 3 day grace period I got a notice to vacate. I went to the office with the cashiers check and the land lord signed ...