Tara Montgomery
Cash Out DSCR Refi Inquiry
Someone recently suggested that I used a person (unknown to me but referred) to use their credit to help be refinance. I was told they would have to be 50/50 on the business with me and as long as they are at a 620 or...
Deb R.
Today is the day someone closes on my house
This wouldn’t be a big deal to not get this house but it’s the one we wanted to live in. My REI is delayed until we find a new place. I am considering another less desirable home and my offer would be $120/SF and it’s...
Dave Lamattina
SEC and licensing requirements
I am looking to take on a placement agent to work on PPM's and investor relations for my established real estate company. Anyone familiar with series 7 licensing requirements? It is my understanding that if someone we...
Andrea O.
filing 1065 - claiming deductions with no income yet
Hi everyone. I'm hoping to get some guidance from tax professionals in the BP community since I'm a bit stuck. I'm working on my 1065 for a two-member LLC. We established the entity and purchased our first property...
Stephen Scire
Using HELOC to help fund a multifamily
Hello all, looking for help in multifamily / apartment complex - funding.I've been looking for multis in our very competitive Boston market but have recently started searching out of state in other growing areas.I w...
Tony Kim
Just bought a 4-Unit in LA - Question regarding existing leases
Hello,I just closed on a 4 unit property in the city of Los Angeles with existing tenants. During the escrow process, I received estoppels from each of the tenants attesting to an existing lease agreement with the pri...
Ulrich Faircloth
North Minneapolis - First Duplex Opportunity
Hello all! So I'm in a bit of a fix. For the past few weeks I've being trying to figure out what to deal about getting my first duplex. The problem is...I'm only qualified for less than $130K for a conventional loan d...
Maribel Manibo
Vetting corporate private lenders and brokers
There's a ton of FB groups where people claim to be a lender but turns out they are not individual private lenders or are part of a "network", which is fine. Would like to know how you tell if they are legit, especial...
Jim K.
Historical lending question
I'm not even sure how to looking it up, so I'll ask the community. When did the shape of the current lending status of small multifamily begin to exist, that is, what year and in what legislation did the federal gover...
Juan Cordero
Foreclosure options in Travis County
Hi,I have 2 simple questions about foreclosures in Austin.First, are there any foreclosure laws specific to Travis County I should be aware of before providing options to someone facing foreclosure?And second, do bank...