Daniel Siapin
Deal falling apart, now what?!
I've got a deal that I've been working on the past few months, and it's just NOT going to close. But in the meantime, I took out $350k in equity from a different property I own (it was for down-payment on the failed ...
Jake Kucheck
Irresponsible Leverage and Bankruptcy...
That's what Orange County does!
http://www.bloomberg.com/news/2012-04-27/california-estate-valued-at-87-million-sells-at-auction.html
Reminds me of the old adage... how do you make a million dollars in RE? Start wi...
Mike O.
Credit Card for flip
Hello all,I have a construction loan 80% ltv of arv , it is interest only for 12 months at 6% on balance with local bank. Why wouldn't I take the financing for just the purchase price and use a no interest credit card...
Shyam Sundar
Reserves for buying rentals
I see some landlords say they own 10 or 20 rentals. I am not sure how they are able to do that - not the loan part as I am aware there are funding structures etc. but the cash reserves part. Don't people hold some cas...
Candace Ellison
Am I in violation of automatic stay?
The PM company was awarded a judgement against a former tenant. The Pm later went out of business. I then filed a motion to substitute party so I could collect from the tenant. The tenant was notified of my filing, fa...
Jeran F.
Florida Investing Issues
I am an investor doing a round the nation trip in search of some RE deals that make sense. I am currently in Florida and I am stumped in many ways.
I own quite a bit of real estate and I am working on acquiring via ...
Andy N.
How many checking accounts for your property?
I have a 48 unit property. I currently have two checking accounts. One is an operating account and the other is for deposits. I was curious how other operators manage cap ex reserves. Do you have these in a separa...
Kanwar Sodhi
Opportunity at hand, scared to take the leap
Hello guys, I've been on BiggerPockets for a long time learning and reading. I was a given an opportunity to purchase a place for $75,000 which would yield a monthly cashflow of $363 if I amortized over 15 years or $5...
GL L.
"Contingent on Financing" time limit?
Hello,I have an agent telling me that there is a time limit for financing and if bank does not come through or bails then I lose my earnest money? I told her I was going to find an agent who does not believe this...
Christopher Parsons
Where do you keep expenses?
Hey everyone,My wife and I are hopefully closing on our first BRRRR deal and I had a question for those who are rental investors. Where do you keep the money from rent that you set aside for expenses? Do you set up a ...