Nicole Richards
Drawbacks to classifying a loan as a 2nd home vs invest. property
I appreciate some advice here. We are attempting to making our first purchase of a rental out of state where are kids are attending college. Attempting a college house hack. ($10K savings yearly vs living on campus)...
John Thedford
Potential Borrower Wants HML On Partial Build
Got contacted by BP member wanting a HML on a partial build. My main concern is how to be protected. How do most HML structure these deals? I don't want to put money out and then end up with liens, etc that may be sup...
Jon Binder
Credit Union Charging LLPA fee for a non Fannie/Freddie Mortgage?
Hello,Background: I am in the process of purchasing a new principle residence. I am using a local credit union for financing and putting 10% down. Originally, the credit union was planning on financing under Freddie/F...
Burt L.
How to Safely Close On 4-Plex Owner-Carry During Tough Eviction?
I have a 4 plex that I am buying on a 20 year owner carry with 7% down. It is due to close tomorrow and a tenant eviction hearing is the following day and there is no security deposit in place for the problem unit. T...
David M.
FBI raids Scottsdale financial firm - Remington Capital
Its about time!
http://www.azcentral.com/arizonarepublic/business/articles/2011/03/16/20110316biz-fbiraid0316.html
Rich Cavanagh
Rookie landlord looking for advice from wise veteran!
So... a little personal background. I'm rather new to the REI game and hire a property manager. I have 2 rentals and just recently ended a lease with a family on a pretty large family home. (2000 sq ft, 4bed/2bath).
...
Heather H.
Question on property tax raises & reassessments
Hi All,I am offering on my first San Antonio property, which is an SFR. I've had a hard time finding deals that cash flow positively because the property taxes in Texas are comparatively high.The reason that this one ...
Michael Vaughn
Corporate Advances/Deferred Balance
Hey, Started to gate tapes from different sellers recently and i noticed a few columns which i'm not sure how to interpret and what is their impact - Corporate Advances/Deferred Balance, can anyone shed some light? is...
Ed Long
How Do You Decide If a Borrower Is a Good Fit?
When you’re deciding whether to lend to someone, what do you look at first? Is it their credit score, their track record with loans, or the investment they’re trying to fund? Do you rely more on the deal itself or the...
Ryan Garza
When can I begin to Write off business expenses?
Hello Community! I am just starting out in the real estate investing world and am currently looking for my first investment property. I'm planning to form a LLC as soon as possible. My question is, as soon as I for...