Account Closed
Whole Sale or Real Estate Agent
Hi everyone! Hope all is well. I was just wondering if I should start my real estate career wholesaling or acting as a real estate agent. I already have my license and a broker, but I am wondering about which one i...
Benjamin Haberman
Line of credit ?
Hello BP,Just found out I have access to a $50,000 line of credit at 7% interest. I'm pretty sure that is a pretty solid rate. If you know of anyone else with better rates, please let me know.I've been thinking about ...
Lance Queen
I ran out of money on my flip
Hey everyone I’m working on a house flip and ran short of money. I paid cash for the house (approximately $15,000) and then took out a loan from my bank for $20,000. The ARV is $75,000. We ran into some unforeseen t...
Viola Fisher
Loan Officer messed up on Refi
Hello there,Want to know what recourse I have in this situation. Loan Officer refinanced my investment home as a primary residence after I brought this to his attention a couple of times. He said it would be fine and ...
Derrick Clark
Should I put a 2 unit property into an LLC if I plan to BRRRR it?
I have a 2 unit property under contract with a cash offer. I plan to cash out refinance in the near future. I have heard that it is much more difficult to cash out refinance if the property is under an LLC because it ...
Nathan Fraser
leveraging bank lending
Hey BP community
So I am ready to start taking my first steps toward my portfolio. I was advised by a lender that I should go out and get personal lines of credit or personal loans to leverage as downs and/or rehab f...
Ralph Verdugo
Refinancing from FHA to Conventional
Hi guys I currently have an FHA loan on my townhome that I purchased Aug 2019. I currently have a 3.5% 30 yr fixed and was looking into getting a 2.875% 30yr fixed conventional (main reason is I want to get rid of the...
Lee Radford
CPA referral in So Cal
Good afternoon. Does anyone have a good CPA referral in So Cal they don’t mind sharing? I’ve searched numerous blogs on BP and haven’t found any related to my area. I know they can be out of state, but as a first time...
Account Closed
House Hack in Northern Virginia: Is it possible?
I am in the Northern Virginia area outside of DC. I am looking to house hack (duplex or 2br condo or SFR). However, it seems like a difficult feat in this market with housing prices so high and the scarcity of multi-f...
Joshua Mondragon
Wholesaling property in pa
I recently visited a property in berks county pa, and the woman selling her house wanted 25k for it. The deal is good for the condition that the property is in, and so my business partner and I decide to take the offe...