Dillard Stone
Multifamily balance sheet questions
I'm reviewing the financials for an LLC that owns a single apartment complex and have a few questions. I ask because I don't know if there are any practices common or unique to the multi-family industry that I'm not ...
Matthew Berlin
Unpaid balance at auction
I recently won an auction on a property for 24k which also has 7500 in back taxes. Zillow has in its info that there is 170k in unpaid balance next to the foreclosure information. Should I be worried or is all I need...
Darryl Dahlen
Small balance commercial lending
In an effort to get this new forum started, I thought I'd start with a post that should be easy to discuss given some of you residential folks might have a commercial multi-family property or two or be looking for one...
Rusty Thompson
Balancing work & relationships
I'm currently working very hard to get my REI career going. I also have a full time job. Because of this I spend most of my free time working... up to 100hrs a week when I'm doing a lot of the rehab work myself. Under...
Charles W.
Balancing Spending and Saving
In this business we all know cash is king. I have recently noticed that my goals to build wealth have been impacting my quality of life more and more. We have been putting every penny away and avoiding all the things ...
Sue Bishop
Unpaid Principal Balance (UPB)???
Hi,Would someone plz confirm if the current unpaid principal balance is calculated as follows or otherwise?Note is $30,000 - $1,158.04 (which is payments of $289.51 per month x 4 payments made) = an UBP of $28,841.96 ...
Teya Beradze
Balancing work and RE
My husband and I are getting into REI and between very demanding job and family we have a very little time left for RE. We are determined to stick to it and keep at it but wonder how do you organize yourself and prior...
Jesse Soriano
Revolving balances too high?
This is a new one too me I just paid off over 40k in debt. Most of it was line of credit debt that I had. All of my lines of credit where all used up at 100%. I decided to pay everything down to 0% line of credit and ...
Lashawn Sheppard
Land Contract Balance Owed
Hi, I purchased a home on Land Contract 11years ago for 56,000 and it's a 15 year loan @ 9.5% interest. I have been late alot of times in the past (due to unforseensituations), but have always caught up and paid all m...
Loni Anderson
Lending your balance sheet?
I just heard about using someone else's balance sheet to qualify for a loan (they told the bank it was one of their partners but it wasn't). The idea from what I understood is that the (borrowed) balance sheet shows t...