Jonn Vidal
Even $100 limit credit card reported monthly, but not $5,000 apt?
Whilst all credit cards and even most residential & commercial landlord companies (Blackstone, Spectrum, LeFrak, GE, ING, etc) report rent payments (or lack/lateness) each month to major credit bureaus, virtually ...
Corey Dutton
Dodd Frank Forces Some Hard Money Lenders to be Licensed – How Will This Affect Your Business?
Most mortgage brokers have felt the pain of the Dodd Frank bill but it doesn’t just affect traditional mortgage brokers. Depending on your State, even hard money lending, that has been largely unregulated in past year...
Peter Halliday
Fair market valuation for IRA LLC containing notes
I read that the Fair Market Value for the IRA LLC is basically a combination of theFfair Market Value of the assets. Notes I read are valued based on the UPB and unpaid interest. I wanted to check if that’s how most...
Account Closed
can you buy a house with a credit card?
I have my first deal under contract. will close in the next week or two as soon as the title company is done with their work. I have a pre existing commercial line of credit set up that makes me the equivalent of a ca...
Vee L.
Separate entities to manage vacation rentals?
I'm in Houston, TX. I have a few Short-term vacation rentals that owned by an LLC. I have been managing them in this existing LLC. I plan on scaling up and adding a few more of these. Should I create a property manage...
Daniel Ortiz
Reserves - How much cushion do you need?
Hi All, My goal is to purchase a multi family rental in 2018 and house hack it. I'm curious to know how much you all budgeted for reserves when you purchased your first deal? Would you take your 401k into consideratio...
Damon Wong
Commercial Financing Requirements
So I started my search for financing a multi family property and was hit with this response:
"You are asking for a 1.9 million dollar loan. You will need at least $380,000 (20%) to put down on the property + loan exp...
Simon Ruiz
Using a hardmoney loan to purchase property at point of auctions
Hello I would like to buy my neighbors house which is anticipated to eventually go to auction ( long story) I could not purchase this property through traditional means therefore, it eventually will become a Deed in L...
Charles Carey
Info asked on the rental application.
Hello, first time poster here with a question.I have been a flipper the past few years but with the market now I am going to try my hand at renting.
After looking at the rental applications here and other places it ...
Account Closed
Minimum loan amounts
Forgive me if this is a stupid question, but I’ve looked all over online and can’t the specific answer.
I know banks have minimum loan amounts they will do. Is that minimum the purchase price, or is it the actual de...