Jeff Valentino
How Many Do You Look At? Looking For Wholesale Deals Chicago S and SW Burbs
Hi All,I'm looking for fix and flips to retail buyers and am on quite a few wholesaler "lists" but don't believe I've come by a good deal yet. Most overestimate ARV while at the same time underestimating rehab costs. ...
Khemaro N.
Heloc for investment properties
Hello BP insiders! I am having a problem getting a non owner occupied Heloc approved because I have 4 mortgages. Has anyone ran into that problem and managed to pull it off?
Joseph Gleason
help going to the next level
first thanks to bp for the boat load of knowledge, looking for advice or direction to a trusted professional on what steps i should take next. I am a ex carpenter who became disabled and currently live off of ssdi and...
Matthew Araujo
LLC Partnership or Sole membership
Hi everyone, I'm in the process of setting up my first LLC. My mom is lending me some money for my first rental. Would it be beneficial to have her as a member of the LLC, or should I just run it as a single member? W...
Shawn Tinerino
when should you form an LLC
Hey Ladies and gents,
I have a bid in on my first prospective rental property. At what time is it necessary to form an LLC to protect my personal assests from liability? I know of people who put each property inder...
Donald Anthony
Struggling to obtain HELOC
I am looking to take out a line of credit on a property valued at $140,000. I owe less than $80,000 and should be able to obtain a HELOC for just around $40,000. The issue is that I have been working for a private rea...
Matt Jorgensen
HELOC on Investment Property in Florida
My wife's father passed away and we took on his home that has a good amount of equity (worth approximately $350k and owe $60k on it). We have it set up as a rental and is cash flowing about $1000 a month for us. I wo...
Jason Parker
What do you look for when you do a walk through?
I have what seems to be a very promising property. Planning on doing a walk through this week. What do you typically look for?
Charles Whitaker
Leveraged Line Of Credit
I have been looking into a business Line of Credit and have a few questions:- I notice that some people can obtain a huge Line of Credit based on a very small piece of collateral (let's say a $500k LOC on a $100k coll...
Andrew S.
Mildew on window sills - charge tenant?
Hey BP community,
I have an inherited tenant who moved out of a single family home. They left with a decent amount of mildew on the window sills. I'm in Montana and the windows are good double pane vinyl windows. ...