Yuri Chernousko
Lending to a rehabber: step-by-step, what to expect?
Hello. I am dealing with a rehabbing company that I consider lending to. They seem to be legit. I bought a property with their assistance (they matched me with a local seller). I am considering funding a purchase a...
Anna Catron
COVID 401k loan or distribution?
I had COVID (totally no big deal), so I'm allowed to take money out of my retirement accounts. Any thoughts on this? Anyone doing this? My vision is taking out the cash, BRRRR, repay within 3 years and viola I got ...
Weina Shi
Commercial Property Owner Title Insurance
Hi fellow investors,
Are you getting owner title insurance for commercial properties you are buying? My attorney mentioned since we are required to get the lender title insurance we are already protected somewhat so ...
Jean Paul Rousseau
Do I need one LCC per house?
Hello bigger pockets fellows!I have four SFR properties in Georgia under a C-corp. For safety reasons, I was told it was better to put each house in a different LLC. One of the problem is that it looks costly (100$ to...
Loren Thomas
HELOC with sub-640 credit score
Long story short: Closed up electrical business and filed chapter 13 last fall, and went back to work for THE MAN. I believe we may have enough equity in our house to get a HELOC and pay off the BK. I've read it's pos...
Stefanie Bergmann
pay more principal or take more cash flow?
I just made my first mortgage payment and am having some serious sticker shock when looking at the interest.why is it almost all interest? I cash flow very well on this, so could definitely afford to pay more towards ...
Simon Cox
Calculating Monthly Expenses?
Hey BP friends,I'm putting together an excel sheet to calculate potential rental property deals and wanted to ask for some insight/criticism/refining regarding my monthly expenses.So far I have the following:Mortgage:...
Mineto Anfield
Sales Comparison vs Income approach to value
Just received my appraisal back on a rental that I'm trying to do a cashout on. I feel that it came back really low.
1. The appraisal states that the property is located in a totally different city than it a...
Stephen E.
Apartment Reno's - Line of Credit
We are about to start on our first renovation of a rental apartment. We are replacing bath & tub, refacing kitchen cabinets and vanity, and putting in all new countertops, sinks and faucets. Finally we are repl...
Joe R.
How to unlock my equity?
I bought a rental property cash. I now want to use my cash equity to buy another property to buy another. How can i do this?I cant refinance as there is no mortgage and my local bank told me they will not give a HELO...