I'm moving away from conventional loans and into commercial loans. I think I would like to get a DSCR loan for a couple of BRRRR deals, and wanted some recommendations about who and who not to try.One of the properti...
I opened an SDIRA last November and bought a foreclosure property in December. I had a few minor repairs made ~$1000. We put it for sale or rent on Craigslist and actually sold it for a $14k profit. It took us unti...
I am reviewing applicants for a property and am wondering how to tell if a pay stub is real or not. The applicants are claiming that they are transferring from IL to TN and the company is not real friendly with verif...
Hi All, I am a 29-year-old working a W2 job that pays well. I am planning on being married in the next year and a half and my partner and I are currently saving up money so that we can start investing in real estate, ...
Hey Bigger Pockets!Hope you all are doing well!I have spoken to several banks in the local Chicago area about loans for LLCs. Anything residential will have to be a personal loan and only commercial can be given a lo...
Have a Solo 401k that owns a couple of rental properties. Now rehabbing a new property I intend to flip, but discovered the UBIT tax issue. Several references discuss how holding for over a year avoids UBIT. One refer...
Hello All - I am new to the game and just have a couple questions that I'm hoping someone (or multiple people) could help me out with. I am looking to buy a fix in flip property and want to know the best way to go abo...
Has anyone ever done this? We seem to have a number of auctions around here and quite a few listed at "No Reserve". Just curious if they are worth checking into? Are they on the up and up in respect to do they have st...
I have been flipping houses for 3 years now under my LLC, but was wondering if I should start a new LLC specifically for my rental properties. How does everyone else structure their flips and rentals?
We were interested in flipping homes from the start, but with us remodeling our own house ourselves, we just don’t want to get into flipping other properties at the moment. What is the first step in wholesaling? I’m a...