Steve Nicewarner
Required reading for the "New Depression."
I've read, both here and elsewhere, lots of doom and gloom about the housing industry and the economy in general. They may or may not have a point. My question today is this -- some people got rich during the Great De...
Rich Schmidt
Abandonment clause in lease... Is it legit? Have you used it?
The lease I've been using for years with our SFH properties includes the abandonment clause pasted below. I don't remember where I got the lease, but I'm in a situation now that fits the criteria listed in it. He move...
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LLC formed for each property?
Hello;
I received come advice from an accountant saying for each real estate investment I do , form a new LLC for each. toughts? :pup:
Steve Rozenberg
How Are You Holding Security Deposits?
Are You Holding Security Deposits in Separate Accounts?
Sanjay Bhagat
Real estate syndication Vs S&P 500 index fund
I have a dilemma. This is my first post in Bigger pockets. S&P 500 index fund has given a historical AAR (Average Annual Return) of 10 % in the last 60 years and 14.5% AAR in the last 15 years as of today. The AAR...
Brett Staniforth
Banks scared of loaning to college grads with student loan debt?
Hello BP Community!I am graduating from college this Spring and am looking to get into a market (either Minneapolis, MN or Des Moines, IA area) to start acquiring multi-family properties to BRRR. I have enough capital...
Joshua Nudell
A topic that came up in a local REIA event I attended: Distressed mortgages
Good evening all!I was attending a local REI club meeting here in New York City and an interesting topic came up regarding distressed mortgages. I wanted to see if anyone on BP has had experience with these types of ...
Jeff Caravalho
Solo401K - How to administer a loan to myself
Hi BP, I would like to loan myself 50K from my solo401K to pick up a foreclosure at auction. My custodian says it's my responsibility to administer it. Seeking direction on the best way to do that. I'd like to min...
Gp G.
cash out refinance to clear high interest credit cards debt
I have mortgage about 80k with 15 year term ( so far paid about 4 years of 15 year term of original loan amount 120k) with interest rate of 2.85 %. I also have credit card debt of 80k with interest rate around 20% as...
Bryan Boulware
Fannie Mae Homestyle Renovation Mortgage
Hello,Has anyone dealt with the Fannie Mae Homestyle revocation mortgage? if so could you provide more information on the loan? Also how does it contrast from a traditional 203K loan? How was the overall experience us...