Mark Berge
Bank says I need a w-9 from my tenant for his security deposit
Hi All, my tenant is on his second year lease, pays on time and takes care of the property. He texts me when repairs are needed and I have the repairs made. The security deposit, $2625 is supposed to be put into a ban...
Michael Perry
Buy with LLC or Personal Name?
I'll say up front, I've already purchased my first rental property in my LLC's name. I financed it by getting a HELOC on my personal residence. So now I own this renovated rental free and clear and I have a tenant w...
Michael Juve
Approaching owners
I have most of the details worked out as to what I'm going to do. But there is one thing that keeps getting me. How do most of you guys approach home owners that are in foreclosure? I tried letters but I stopped when ...
Jake Peetz
Multifamily Refinance/Consolidation of Renovation Debt
I am nearly complete with my first multifamily purchase and renovation. 12 unit in great area of Jacksonville, FL. I have seller financing on the purchase and funded the renovations through personal credit line that...
Rani Ismail
Houston Market for New Investors
Hi everyone!Thanks to BiggerPockets I started getting involved in Real Estate less than a year ago. I have a couple of flips under my belt but all my deals have been through the big wholesalers in our metro (Networth ...
Don Draper
Is it faster to improve your personal credit score or your LLcs.
I was hoping to get some insight on improving credit scores. I was under the impression that a bank or lending institution would pull a LLCs. members personal credit if that member controlled more than 25% of the enti...
Jeremy Blackman
How to manage receiving money from tenants ?
My first rental property and lucky to inherit ok tenants. How should I collect and manage the rent received? Should I get a separate bank account, is there an application, pick the money up or have them deposit it to ...
Jennifer Jackson
Cash vs Investments? What ratio?
Hi All!I've been wondering what an appropriate cash to investment ratio is. I currently only have one deal (a small sixplex purchased at $380k), so my current goal is to keep enough cash to cover the expenses for six ...
Ryan Bandaccari
REI Groups - East Bay Area
Hey all! I'm based in the East Bay Area and I'm ready to dive headfirst into getting my first BRRR deal. I've looked at meetup.com and Facebook and have done some general Googling to find an active group that has the ...
Rigo V.
LLC Loans-Refi after for BRRR
I think I confused myself. Most hard money lenders will require you to close in an LLC. How are people refi'ing in a conventional loan after their rehab to get their cash back out? Don't think you can get a convention...