Julian Buick
Is using a HELOC for private lending considered brokering?
If I take out a line of credit against my primary residence and lend it to someone for a fix and flip, is that considered brokering since I'm lending out someone else's money? If so, would a brokers license be required?
Kemi Okafor
Would you rent to tenant with large CC debt
In the tenant screening process and found what I thought was a good fit. Credit screening however revealed >$75,000 in credit card debt most of which was accumulated over the past 3 years. There is additional 40K i...
Selina Giarla
Cash on Cash Calculation v. ROI is **CONFUSING!!**
I have spent hours looking online (including on here) at the CoC calculation as well as the ROI calc. Here is my understanding1. Cash on Cash Return= Annual (before tax) Cash Flow / Total InvestmentQuestion: Does the...
Brian Kempler
How risky is attempting to negotiate down loan balance on a sub2?
I'm reading "Get the Deed!" and the suggested strategy on underwater deals is to take it sub2 anyways, then try to negotiate down the loan principal balance and/or payment. Failing that, rent it on a long term lease o...
Joe Payton
Bank of America not sending Payoff to seller in Ch 13 BK - experience with Motion to Compel, other options???
I'm buying a property where seller/owner filed Ch 13 to protect against foreclosure after a loan mod was dishonored by B of A. I am the wiling buyer with funds at title, waiting for B of A to send payoff. They are not...
Luke Jeffries
Can personal debt be taken from llc
In the past 5 years of trying to build a company with 0 business business knowledge, I've ruined my credit and I'm also being sued by lenders. I've actually managed to grow into a stable and profitable business despi...
Alex Chin
HOA, debt collectors and estoppels
Hi everyone, I've been lurking for some time but decided it's time to get some feedback. I purchased a home in October of 2015, and home is located in an HOA community. First time home buyer. after the first few month...
Lily De Filippo
LLC for Phoenix Arizona ?
Do you need an LLC to wholesale in Arizona? Moving back in the spring ....
Sarah Dinsmore
Wholesaling Foreclosures
Hi, I'm new to BP and I have a strategy question. I know several people who have steady income but might not qualify for conventional loans because of their debt to income ratio (due to high student loan debt and/or ...
Sam Jackson
Son left with 6 properties.
Ok. Just got a call from a motived seller. Who is the son of the home owner who passed away 2 years ago. She left him and his 2 brothers with 6 property's in a low income area. Homes were all around $60,000 in 2002...