Nick Gray
Seller Financing with LLCs & Silent Partners Involved
I currently have a 12-unit multi-family property under contract and, per the terms of the P&S, the seller is to provide me 20% seller financing. The P&S states the rate and loan term, but otherwise explains th...
Brian H.
Help with a personal finance discussion between myself and gf.
Hey folks!Ok, so my girlfriend has, at this point, about $45k in her retirement from her job. It is a 403(b) plan from a hospital. She has multiple varieties of debt she wants to pay off to get out from under all th...
Matthew Keyes
Taking home loan from Family Trust
Hi all!Looking for pros and cons as well as any additional foresight for the following scenario:We are looking into buying property and building a new construction. While the bank has no issue loaning me more money t...
Aaron Butler
Cash Out Refinancing Requirements
I just learned from my mortgage broker that I need a "settlement statement" in order to qualify for a cash out refinance on a property I am considering purchasing & rehabbing. In this settlement, I was told I need...
Luis Rosario
It's time for the second deal!
Hello BP Family,Looking for your insight:My first deal in 2014 is a 2 unit owner-occupied property that I converted to a legal triplex. It has taught and (still is) teaching me about the complexities involved. This is...
Todd P.
How much money do I need?
I have been looking at doing a value play on a multi family (20 - 50 units or so). First thing I would like to know is how much money do I realistically need to bring to the table? I hear that sellers often will take...
David Harper
My CPA says put the rental under the LLC, lender says in my name?
My lender says I can transfer the title to the LLC after the purchase. Is this complicated and/or costly?
Tu Cao
New Home with Old Tenant - New Lease?
Hi everyone, I just bought a new home with an ADU (2beds and 2 bath with big separated gated driveway for 2-3 cars parking) in Garden Grove, CA. The ADU has a tenant living in it. He pays rent on-time every month. ...
Hunter Fitch
Water leak - who pays?
I have a renter in a home that uses it for weekend getaways. It's in the woods where temperatures can freeze, so it's very common for people to shut off the water to the home if they are going to be away for any perio...
James Lusk
Coin op laundry questions
I just purchased a 12 unit in Lakewood, WA that has coin op laundry. I have a couple questions about coin op.
First is what rates are people charging for coin op laundry in the Tacoma/Lakewood areas? The previous la...