Lenzy Ruffin
Need some options for funding my first deal
I have a property under contract and now I need a funding solution. I have a self-directed IRA that I thought I could use, but I just learned the hard way that there's quite a bit more to it than they tell you when th...
Bill Baldwin
Recommended Ohio Bank Lenders?
Hey all - I'm looking for recommendations for bank lenders for residential investment properties in the greater Cleveland, Ohio area. This would be for the standard 20/25% down loan. I've been looking through the BP...
Kelly John Walsh
Investing in BRRRR Deals Passively
Hey everyone,
I’m
preparing my assent into RE investing with B&H’s and I had a
thought about investing into BRRRR deals for small pieces of equity and
CF relative to the amount invested. I would like my i...
Daniel Kirk
Debt to income with multiple properties
Hi folks, first time poster here :) I have a question about debt to income with multiple mortgages. When you have (or have a goal of having) multiple properties does a conventional mortgage lender still look at your ...
Liam Galbraith
Using OPM As A Down Payment
Hi BP Members,I have a passive investor lined up to provide the down payment on an investment property. I will find and manage the deal, and take out the mortgage under my name, and receive a portion of the profits fo...
John Baker
Cash out Refi vs HELOC
Hello everyone.
I’m currently looking to either cash out refi or get a Heloc on my property that’s fully paid off. I’m looking to get anywhere from 150-160(based on 70%)
I was quoted either 3.25% on a 30 year cash ...
Asim G.
General LLC vs umbrella insurance for small-time investor
Hi All,I have a quick question on how buy and hold investors manage the liability on their properties. I currently have 1 triplex in California, on which I have a mortgage and a regular landlord hazard insurance on th...
Brad Scott
What is the best way to deduct expenses for AirBnB's
Hey short term rental owners,
I'm wondering what you would suggest in order to be able to deduct expenses of running your short-term rental business, i.e. furnishing the rental, management fee, etc. Is it easiest to...
Dennis Callaghan
Borrowing Money Process
Hello All,I am recently new at BP and would appreciate any advice on the structuring of a personal money loan. I have 5 single family homes that I rent and two of them I got at auction but used retirement money to pay...
Ritesh Shah
Commingling of funds
My llc is involved in a partnership as a member of another llc, and we recently realized that one of the other llc member is commingling funds between his llc and the partnership llc
What can I do to safeguard so tha...