Jason Mcdaniel
Ideas for automating rent collection and mortgage payment?
I recently bought my first investment property (single family) and am looking to find an automated method for my tenants to pay their rent and also for me to pay my mortgage. I've read that PayPal charges unless i...
Ryan Thomson
How to Get PMI Removed
I just got PMI removed on one of my properties and it was incredibly easy! It will save me thousands of dollars over the next 10 years.
If you are a homeowner with a mortgage that carries Private Mortgage Insurance...
Chris Mason
PSA: Have you adjusted your strategy? re: FNMA reserve changes
A few months back, Fannie Mae announced that they would be changing how their Reserve requirements are calculated in the near future. I just had my first few come out of underwriting held to the new standard (I'd been...
Sushil Sureka
L1 filing requirement for assets above $1M
Hi
So me and my partner have now rental property that is worth above > $1M. Since all of them has mortgage behind them, our net equity is much much less - 20% or so. But I suppose we are still required to file a b...
Shanel Wiggins
BRRRR Strategy
I watched the webinar in the Brrrr strategy last month and I didn't quite grasp the concept of this strategy. I guess mainly the refinance part. Can someone explain in great detail?And I've seen someone posted about u...
John Corey
Achieving USA accredited investor status?
I am familiar with the tests that involve one's annual income or one's net worth.While researching the topic, I saw the following in Investopedia. In 2016, the U.S. Congress modified the definition of an accredited in...
Luke Hadden
Wanted: Experienced Partner in Multi-family
Hi,
Over the past couple years, I have gained experience by doing a few single family/duplex deals and a small commercial deal in the South East.
I lack experience and relationships in the commercial space but I do ...
Tristan Colborg
Another HELOC Question (NFCU)
Hey everyone I am new to BP and to overall REI. I have purchased homes in the past, but always just as primary residences. I am ready to get started investing but have a question regarding funding deals. I currently h...
Joshua Sun
LLC / Business Checking Account on First Property?
I was wondering if it makes sense to open up an LLC after closing on a first property?Or would it be okay to simply open up a separate checking or business account to keep track of taxes at first. Do you even need an ...
Isaac Hemingway
How quickly can you build your credit score?
I'm 18 years old, just got my Bachelor's Degree in Business (I graduated from High School at 15), have no credit score, 20K saved up, a full-time job, and am looking to buy a home for 200K or less (I live in an area c...