L Lee
Obtaining SDIRA LLC EIN Number
Hello everyone. I am trying to create an SDIRA LLC EIN number. I followed the instructions from the trust company to register the business. The trust company will not advise on the EIN number but refers me to my CPA/A...
Joseph Pelensky
$100K+ in Equity, no down payment, how do i buy this deal?
I currently own a duplex in Philadelphia that is worth $285k conservatively. I owe roughly $75K.
I found an off-market, 6 unit deal that is owned by a customer of mine i'm interested in purchasing. She's asking $700K...
Terrence Evans
CA SB 908 Debt collectors: licensing and regulation
Cali folks: Newsom recently signed this into law. Licenses will be required on New Years Day 2022.
YAY! We will soon be like alot of states back east! Joy!
https://leginfo.legislature.ca...
Alexey Klimkov
Joshua Tree remodel permits/airbnb permit
Hi bigger pockets!
We've recently closed a house in Joshua Tree which we're going to run as an airbnb. We do some remodeling in the house and were wondering if remodel permits a must have? What would be potential rep...
Ariela Perez
HELOC and HEL on Primary and Conventional
Hi everyone!I am new to investing and to BP! So happy I have found this forum!I have a good amount of equity on my primary home and currently applying for a HELOC. I have a high interest rate (4.375%) on my 30 year bu...
Brandon Cooper
50% rule
Does the 50% rule apply to everyone? The reason I ask is I have notice numerous people pay for utilities for their property when renting it out. Here in California this is not common as the renters themselves are resp...
Elena Gasol
Creative deal structure/capital gains?
Hi BP community!Looking for some ideas on how to structure a deal. Our potential sellers, who bought their property a little more than a year ago as their primary home, would like to sell quickly for health reasons to...
Ricardo S.
From NYC to out of state investing Help
I currently live in Brooklyn NYC and as we all know, the property prices here are ridiculous.My question is if I wanted to finance a duplex or a 4plex out of state, do I have to go to that state to obtain a bank loan ...
Kenneth C.
Renters License - When to acquire? (Philadelphia)
BP Community,I close on two SFH in approximately one month (BTW - This will be my first deal!!!). Both properties currently have tenants that would like to stay. They are currently on month to month leases, but my int...
Carl Gerhara
Can I get a loan with no income?
Hello all,I've been retired for a couple years with no income coming in. I'm interested in purchasing a small multifamily - anywhere from 2-6 units.Is it possible of obtaining a loan with no income? My credit's been g...