Tanya Knickerbocker
To buy or not to buy
I am considering purchasing a property. It is zoned R3 and currently has only one house on it. That house could easily be divided into a three bedroom one bathroom apartment unit and a second unit that is one bedroom...
Gernot Bucheli
Still a newbie and making a lot of mistakes
Hi everyone. I'm going to need some advice. Some months ago I signed up with a program that uses Facebook to attract motivated sellers. My wife did not want me to sign up for it, since it cost me $9,000. I tried to wo...
Alex Smith
How to Buy Houses as a Corp or LLC?
Hello everyone,
I'm looking to buy two townhouses and rent them out. I was told I could only get a personal loan. How do I buy these properties as a corporation? Can I buy them on a personal loan and eventually sel...
Account Closed
Hard money financing on long-term rentals
Hey all, I wanted to reach out this afternoon to get some opinions/experience on hard money lending for long term rental holds. Use personal cash for purchase price of house & personal loan from bank for rehab? Or...
Valerie King
Typical Rental Property Expenses
My goal is to start with a duplex and have it financed through an FHA loan. Having money saved for the down payment is obviously a first step. But what do you recommend I have saved in addition to that? What list of f...
Philip L.
Cash Out Refi Options
Got a property in Michigan with no debt, has tenant - I normally use DSCR loans but loan costs and interest rates seem excessive right now.Spoke with all the local credit unions and banks none of them are willing to d...
Mary White
Help Please...Our offer was accepted and we need funding advice
Okay, we're looking for some help. We have an accepted cash offer on a foreclosed 4-plex. We need to generate some funds for the purchase but from what I can see most of the lending is for fix and flip situations. Thi...
Sean Leonard
Need to finance renovations on rental owned by my LLC
So, I have a bad property manager who allowed my tenant to let the property fall into disrepair and, because I didn't choose the contractor he recommended, he has let my property sit untenanted x 8 months, not followi...
Khizer Husain
Seller Carry 2nd position
I am doing some commercial deals and the seller will be carrying about 5% in 2nd position, is there any risk by not telling the bank or lender about this? Some lenders have various rules and it complicates deals. I am...
Kyle Mclaughlin
secured line of credit with cash as collateral
I'm wondering if anyone has secured a line of credit either through a bank or a private lender using cash as collateral. Is there a ratio that banks will lend on based on the amount of collateral? I understand that ...