Account Closed
LLC To Manage House Hack
I am interested in getting into rental investments via house hacking. My eventual goal is to own a portfolio of properties outside of my personal residence, but the first two properties I buy will likely be house hack...
Brandeis Brockman
Hard money/Private lenders
Hi,I am looking at a property to flip. Looking for alternative financing other than a conventional loan. I was told by a successful investor that if a private or hard money lender requires you to put money down that ...
James Masotti
Transferring funds to and from private lender
Good Morning BP,I hope that everyone else on the East Coast is surviving the snow. Saw some crazy videos from down at the shore with all the flooding.Anyway...I'm setting up my first private lender. Attorney is drafti...
Eric Dailey
Do you think that this is a scam? Personal Line of Credit
In the REI group meeting a week ago there was a lender there who advertises $50k to $200k personal lines of credit, to be used for anything - closing costs, fees, even the entire purchase price for a property. The...
Dulce Beltran
Seller Carryback - How to Structure
Hi BP, I'm looking into a property and want to ask the Seller to do a carry back. The seller is the heir as the original owner passed away. The property has been vacant for years now and am curious how to structure a ...
Jeff Caravalho
Would you fund this note?
Hi BP, I'm being offered this note secured by a deed of trust for the following:Duplex:Side 1: 4x2Side 2: 2x1Sqft: 1,578Total beds 6, total baths 3Total Monthly rental income: $2,100Deal Details $290,000 Fair Market V...
Jimmy Vance
Mold Complaint, Tentat Threatening Lawsuit - Advice
I've had a problem tenant for months, literally from the moment he moved in. Complaint after complaint after complaint.To cut a long story short, recently there was a leak from a pipe in the condo, nothing major. I se...
Tom Casey
203K Rehab Loan Question
Hello all!I’m a new investor here in Chicago and for my next investment property, I’m looking to purchase a multi-unit building using an FHA 203K loan. I have a question regarding the loan amount that I haven’t been a...
Pixel Rogue
HELOC @ 2.45%, Investment a4.25%. Use HELOC to pay off Investme
HELOC is 2.49%, where our investment property is at 4.25%. We could use the HELOC to pay off the investment property. Once paid off, we could then move the property into an LLC (albeit requires paying transfer taxes.)...
Felix Wong
Started Real Estate Adventure 3 Years Ago and It's Time to Grow
Hi Everyone! It has been a long journey. I moved to Detroit 3 years ago with big dreams, a pocket full of cash, and was naive about what I could expect and produce here in Detroit on my first project. When I...