Jay Feldman
Low Doc Commercial Equity Lines Of Credit
Has anyone used a "Commercial Equity Line of Credit" (CELOC?) to refi a group of properties? My thoughts were to have the current commercial (Hard money) mortgage liens released prior to getting an CELOC. I know the h...
Tommy Kim
On going Tenant Plumbing Requests
One Tenant has been frequently having toilet and shower clogging issues and requesting us to fix the issues. I have told them if it's plumbing clog caused by the tenants we have plumber bill the tenant directly. I'm...
Peter Fennig
Credit holding up refi
My business partner and I are trying to get a HELOC on a couple of properties, but the conventional financing route is not working for us because neither of us has a W-2 job and our credit score is to low because of l...
Wade Sikkink
What are these holes?
We are rehabbing an apartment in a building we recently bought. When we pulled up the old carpet and pad we found these holes all around the edges of the rooms. This is a ground floor unit so the subfloor is a co...
Nathan Mailly
City Forcing Me to Run New Service Line
I am flipping a single family that I purchased about 2 months ago with hard money. When I went to cut out what looked like old water lines (capped and bent over) under the sink I was surprised to find that the cold li...
Sean Dezoysa
How to set up a deal with two wholesalers involved?
hi, I am working with another wholesaler right now and we may be splitting the profits on a deal. I've never worked the same deal with a wholesaler before so I wanted to ask you how this is typically done.
1. The o...
Gabe Sirkin
Kitchen help! New sink base because two cabinets are missing?
Hello all,We bought a property in as is condition. The kitchen cabinet sink base, was missing two drawers. The whole base is completely hallow, so I cannot anchor new drawer slides on the slide wall. Do i really need ...
Eric Mcginn
Using equity with a mobile home on the property
All in Maine Let me start with my latest deal, which is falling apart. Restaurant building for $80k, I was going to get a second mortgage on my 3 unit rental with my current bank to be the downpayment restaurant build...
Account Closed
How do I protect myself if I lend money to an investor?
Considering a personal loan to an individual for a real estate investment. The request is a loan with an interest of 12.5% paid annually x 2 years. After two years the initial loan amount is returned. Seems straight f...
Avi Garg
FSBO a leveraged SFH in SDIRA?
This was my first property in Baytown, TX which I bought using funds in SD-IRA and took a non-recourse loan on it as well. Its rented out for $1400 (lease was renewed for another year in March), professionally managed...