Eric Teran
What is my percentage in building new multifamily with a partner
BP,I'm an Architect. I'm good at that. I get permits fast and have nice designs. One of my clients is a developer and is good at finding properties and running the numbers (not good at that). I like that he is conserv...
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...
Account Closed
Private Money Contract
Can anyone tell me a quick cheap place to sign a private money agreement with someone. My friend has 100k he wants to lend me but wants something in writing first, interest and balloon payment etc.
StevieAnn Nance
Help! Money Wired, Docs Signed, Seller Short 10k, Closing Today
Today is our closing. As the property is 3 hours from my residence, I did my closing yesterday: signed all final loan documents, wired my money to Escrow, etc., and we FedEx-ed our documents for 8AM delivery this mor...
Chris Daliani
Purchasing Condo-Providing Down Payment
Hello, I am currently in the beginning stages of analyzing a potential condo deal.My future brother in law will be moving to Jersey City in New Jersey. He was in the market for a rental, however I came up with an idea...
Ken Chud
Eviction Due to Tenant Not Repaying Balance of Security Deposit
Hi folksI have made a mistake of allowing a voucher-assisted tenant to move in when she did not have the full amount of security deposit during Lease signing. Had her sign an impromptu agreement I drafted myself, whic...
Roy N.
Apportioning costs associated with taking a second mortgage
[Note: I initially posted this topic with a poorly worded title - thanks to autocompletion on my phone - here. I am reposting with a new title and have cleaned-up the narrative].
I've been ap...
Alexander Gonzalez
I have an itch to tap into a HELOC that I cannot scratch.
What can I say?I’m itching to get started with this real estate investing thing you guys keep talking about. A family member overheard me talking about investing in real estate with little to no money down. They expre...
Jeff Fairchild
Short sale effect on credit
Can you guys comment on this article please:
http://3oceansrealestate.com/blog/will-a-short-sale-hurt-my-credit-score.html
Jacob Pereira
Forbearance benefits and downsides
I've decided to use the forbearance option on all of my properties due to COVID-19 related hardships, and it has really helped to pad my bank account. A recent conversation with a client/friend of mine made me questio...