Tim Story
Tenant Credit Card Debt
Hey everyone, my wife and I are listing our first rental and are processing applications from prospective tenants. When do you see an applicant's credit card debt becoming an issue/red flag? The rent is 1900/month, th...
Asilkan Taspinar
Why i cash out refinance?
Im looking into flipping multi family props but all the experienced investors seems to also do a cash out refi before selling the property. I don’t understand why they do this. They are going to make a profit anyway a...
Jimmy Mooney
Foreclosure and Tax Lien sales - NY State
This may not be NYS specific, but I'm looking to invest here so I've been going to the auctions at the Brooklyn courthouse.My question is: When you buy a property at the courthouse auction, the paperwork talks about a...
Jamie Brasseal
Personal Guarantee from Borrower
In addition to a Cognovit Promissory Note, I have a Personal Guarantee from a borrower who has defaulted on a loan. I have already initiated foreclosure proceedings.
Does anyone have experience using a Personal Guar...
Michael Hanks
Student loans OR Four-Plex? (Dave Ramsey or BP?)
Hi everyone!So My fiance and I bought a SFH in an A class neighborhood with a VA loan and little down last year when the market was "hot". Needless to say, almost immediately we realized what just happened. We then re...
Scott Rovner
Should I sell or rent
I am not sure if I should sell my first home and rent it out? I currently rent with my wife we just welcomes our third son who unfortunately has some medical problems. We bought out first home about 10 years about for...
DyQuan Bowers
Buying Smaller Properties First
If I wanted to start out buying cheaper properties around $50-$60k and putting them on section 8, will buying them through an LLC keep my DTI ratio from being affected? Will this have an impact when I want to go and b...
David Ten
High DTI Home Equity Access
Hello Hello,I need to access My Equity But my DTI is High, this some information :- My Equity is about 240K- My Mortgage Payment = $ 1750/Month ( include everything ( PITI ))- My W2 = $4700/month- My Credit Score 690 ...
Kim Hopkins
Syndication Structure: How to Buy Out Investors Without Refi/Sale
Hello! We specialize in multi-tenant light industrial properties. To date, we've self-funded or accepted family investors who have no issues with indefinite hold periods. Our objective is to never sell our properties....
Kunal Mishra
Buying investmentry rental properties
Hello All,I own two investment properties (each with two units) in Jersey City, both on a personal loan on my name. How can I start buying more properties and grow my portfolio , offcourse just on my income I cannot g...