Kerry M.
Why a 7 year loan?
Hi - I have spoken to two bankers. The first is with a major bank who was talking about a 20 year mortgage. The second, a local smaller bank, without an application and over the phone, mentioned a 7 year 'abundance ...
Alphonso Fletcher
Want to use property value to buy more rental property
I have a mixed use property that I own 100% outright. I want to access the equity to buy more rental property. Should I get an equity loan or take out a mortgage? What are my options and what's the best route? And wil...
Victoria Seale
After sale Escrow account to offset unpaid rent, loss of tenants
A buyer wants me as seller to set up an escrow account for after purchase that would last for 4 yrs and cover unpaid base rent or CAM if any tenant vacates before the end of their lease. I’ve never heard of this nor d...
Ron Seay
28 Unit Apartment Complex Value Add deal
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $1,350,000
Cash invested: $690,000
28 Unit Apartment Complex, all three bedrooms two bath units with washer/d...
Bryan O.
Backing Personal Loan with Real Estate
I am looking to lend some money but I want to make sure that the loan is secured by real estate. I have only ever bought properties, and all of my prior lending has been unsecured, or to a business with a personal gua...
Esther Kim
HELOC- Prime Rate or One Year Treasury Security Rate
Am looking to take out a HELOC on my rental property (mortgage free) for about $70k for repairs. The property value is about $725k. I have been offered a HELOC through a local credit union based on the One Year Treasu...
Adolf A.
Sect. 1231 Gains...Can they be classified as Partnership Income?
Below is the scenario that is unfolding for us. Looking to minimize taxes and and maximize retirement funding.Appreciate any insights.-------------------------------------------------------I am part of a multi member...
Account Closed
Loans in my name or LLC? What's the best way to go?
Hello all,I currently own two 4 unit buildings and 2 Single Family rentals. I have the deed in the LLC name for asset protection and am meeting with an attorney to see if my protection is working well. My question i...
Adina McCollough
Private Financing terms help
Greetings... I've prepared a Private Lender Package for potential lenders and I'd like the opinion of the BiggerPockets community.I'm asking for $30k at 10% non-recourse for 5 years in exchange for the 1st lien on a h...
Jeff Lawlor
Fractional REI: Secondary Markets?
Fractional REI companies (Roofstock, Arrived, etc) have caught my attention. What happens if I want to sell my shares? I'm concerned this is like trying to unload a timeshare where you get pennies on the dollar.Arrive...