Paul Dario Jr
Closing costs clause on HELOC
I'm nearing a close on a HELOC. The CU says in their documentation that they have the discretion to charge me closing costs if I terminate the LOC before 36 months has passed. Is that a common stipulation by lenders o...
Blaine Gladden
LLC for wholesaling?
Hello! So, I started an LLC for my real estate investing. My goal is to use wholesale to gain more income for rentals (all through the LLC). However, are there any stipulations to wholesaling with an LLC vs my persona...
Erik Carrion
A Primer on Wholesaling
This is from all the information I've gathered over multiple hours studying and reading, and is by no means meant to be a comprehensive guide. As always, have a clear goal, a plan to accomplish that goal, and do plent...
Jared Garza
FAST Lending options?
I’ve got a buyer prepared to purchase this property. He has 30k for down payment, needs the other 60k lent to him. His plan is to live in it for 2 years, make some upgrades, then sell for a profit. The problem is we h...
JAMIE Doyle
banker headache
ok so i'm in the process of buying my first home...
i found a 100% loan through key bank and since we're trying to save every penny that we can for the new place we thought this option was perfect. well my banker has...
Maneesh Joshi
Big Issue at Final Walk through
Hello All, I am in the process of buying a rental property in Philly and I live out of state. We were to close today so I had my agent do a final walk through yesterday. When he got there he found that the bathroom o...
Jenny Nguyen
Can I deduct cleaning expense from tenant's security deposit
My tenants moved out but didn't clean the house thoroughly, especially the kitchen, closets, door, light switches. The house was very clean when they move in and much more dirty when they move out. I asked them to cle...
Darcy Bains
ER physician looking to make the leap to REI
Hi all!I am an ER doc looking for a change!My wife and I are exploring all the options about where to relocate! We love NYC but we are due for a change of pace, and a change of scenery. Also, NYC isn't the best place ...
Aaron Briggs
2-4 unit with 3-4% down with LPMI
Wife and I decided we want to ‘house hack’ (owner-occupied multiunit) our first home purchase. We have 800 FICOs combined gross income $150k. We know very, very little about RE but have read a few forums, the Ultimate...
Yong Jin Lee
?: Tax Deduction on people who are on W2 and do the rental property Investing
Hello! My wife and I are both W2 employees. We are carefully looking into starting rental property investing. However, one of our objectives is to reduce the tax burden we face on our W2 income. However, a local real ...