Carlo D.
Banking problem can't open a bank account for my LLC
I just came from the bank to open a bank account for the newly formed LLC that will hold the property I am purchasing. My LLC is formed in PA and I live in NY.
In the incorporating documents, I put my trust as the o...
Brian Gerwe
CPA Letter for business verfication:
I'm in the process of refinancing an out of state rental property. The lender has required a 'Prior to Docs ( “PTD” ) Condition':"Business Verification Needed - Broker to obtain a CPA letter to confirm the borrowers c...
Account Closed
Working on first Whokesale.
Hello BP! I just wanted to report that I am working on my first wholesale! I have found a buyer that wants to buy and hold. He gave me the information of exactly what he is looking for. 3 bedroom single family 2 bath,...
Tripp Warren
Seeking Advice on HUD/FHA purchases
Hi all,HUD IS HARD WORK!
I found a property by driving for $$'s and it had a nice little HUD posting on the door. I've reached out to FHA, to the management comany listed on the posting, to the person still listed as...
William H.
Selling my house. buyer wants me to carry a note. Help me out
So the house is worth $275,000 and the buyer, who happens to be a realtor wants to buy it, and get in quickly. She is having a tough time getting financing because she has been self employed for 1.5 years and not two....
Garrett Brunell
Pregnant Applicant - Does she meet the income requirement?
A recent pregnant women applied to rent a townhome of mine for a year lease. She meets the income requirement of 3x the monthly rent, however when she goes on maternity leave, I am not sure that she will. Can I legall...
Eric Fernwood
Why Am I Not Selling Multi-Family in Las Vegas?
Many gurus tout multi-family as the right option for everyone and every location. The truth is that such blanket statements are not realistic. Why are they touting multi-family?
The perceived benefits of multi-family...
Account Closed
Rolling acquisition fee into deal equity at closing (Syndication)
When just starting out in syndicating, if the syndicator does not have enough capital to buy into the deal (which I understand is necessary for newbies to promote investor confidence) can he/she simply roll all/part h...
Justin Goodin
I toured a 131-unit today 🏢
Hey everyone,
I toured a 131-unit property today in Indianapolis, IN. Every deal you see come on the market today is a ‘value add’, but as you can see, this is ACTUALLY a value add 😄.
This was a C class property in...
Whit Dhamer
Help! Getting creative on financing
I am under contract for purchase of my fifth investment condo in Chicago. I have hit an unexpected issue on financing, and cannot qualify for a traditional mortgage (bad move filing 2017 taxes under schedule C!)I woul...