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I'm about a week away from forming an LLC for the purpose of flipping when I just got off the phone with the Vice President of a prominent bank in my area.
Apparently she received numerous communi...
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Hello Bp! So after obsessing over realestate over the last year I took action!I just closed on my first property in august which is my main residence and have a goal of acquiring another property by summer 2016.I was ...
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I’m working with three partners on our first brrrr. We were doing some homework on financing when a great deal fell into our lap. We decided to make an offer on a 4/3 single family. After a few counters, the offer was...
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Hi BP,
It would be helpful if I can have someone help me figure out which banks in the city of Worcester,MA does cash out refinancing ? Or be able to guide me how I go about finding this out ? I want to be able to s...
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I plan to buy my first rental property in a few months. I have money saved up. I have met with several bankers. I am learning to analyze deals. I am about to contact a real estate lawyer to set up an LLC and obtain...
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my LLC partner told me that he just learned we cannot get a 30 year mortgage on our first (possible) rental property. Is this true?And what are the current rates being offered, roughly? Does anyone know. We can put...
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I want to build a rental property portfolio. I’ve heard several investor say “It’s best to do an LLC for rental properties”. I do agree with that statement, but how do you obtain a conventional loan under an LLC? I w...
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I have bad credit right now, I’m recently recovered from Alcoholism and starting to get my life back on track. How important is building a good relationship with my bank? Will they offer me a loan after having multipl...
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I've been doing some looking on LoopNet and saw some portfolio investments available.There's a portfolio available with 25 homes inside the portfolio. They are all 100% occupied and are generating an average of $1,000...
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I have been doing the Brrr strategy for over a year and have about 12 units. All are under my LLC's name and are currently a interest only loan. It helps with Cash Flow, but I want to start gaining some principle. The...