John Thedford
Conventus Lending in SF And Shellpoint Servicing? ONGOING TROUBLE
I posted in another forum about these people. Long story short: conventus has turned over servicing to shellpoint. Shellpoint has repeatedly cashed my checks (which were on time EVERY MONTH) and continues to fail to p...
Nicole Heasley Beitenman
Considering adding "Become a RE agent" to my 4-yr plan
I started investing in 2015 when I purchased my first primary residence in Cleveland and started renting out my spare bedrooms. I LOVE being a landlord and hope to someday become a full-time landlord through single an...
Samuel Kimani
Double Close on REO
I am looking to do a double close on a reo property but I am not clear on how the agent comes into play. Should I contact one, or should I contact the listing agent. Would I have to take my end buyer to that same ag...
Stephen Jones
Fannie Mae/Freddie Mac
Hey BP!Can someone explain to me what a Freddie Mac/Fannie Mae loan is? I own some multifamily property but all my loans are through a local bank. I guess I'm just wondering what these type of loans consist of? Down p...
Lamontis Gardner
Using an LLC to invest in another state
Im wanting to start a LLC in Alabama, but also want to invest in Illinois. Is it possible to purchase property in Illinois under an Alabama LLC and if so, is that wise to do so? Or should I get two separate LLCs?
Mark Duhamel
Using Savings for First Property or Pay Student Loan
Hello all,I am just getting started and have a decent amount of money saved, about $45k. I am looking into buying rental properties, but I’m unsure if I should first pay off one of my student loans that has a high int...
Shawn Costley
Huntsville Looks to 2021 with Cautious Confidence
A snippet:
When 2020 started, Huntsville’s economy was doing quite well. It had issued 590 non-residential building permits in 2019 alone including the $1.6 billion Mazda Toyota USA Manufacturing facility, a giant ...
Account Closed
Terrorism insurance questions
I own an apartment complex and every year I have the option of adding terrorism insurance to my coverage. I always decline, but I am wondering what you guys do. I admittedly haven't read the fine print on it, so I'm n...
Ben Feder
How do you get to know a market well?
When investing in real estate, you're supposed to know your market, what all the nieghborhoods are like, where to invest and where not to invest, etc. How do you get to know a market like this without extensive resear...
Fahim Shakie
Property in New Britain Conn
Currently looking at a 2 family in New Britain Conn, zipcode 06053. Asking is 260K, real estate agent says rental income can be $1600 per unit. 3 bedroom 1 bathroom. Does anyone have experience renting in this area? I...