I recently took out a 170,000 HELOC. The plan is to buy as many rental properties as possible with it. I plan to buy with cash and then refinance and take as much back out as possible. I would like to BRRRR where poss...
When my LLC issues a K-1 to its investor, who's tax ID number is entered for the recipient? The investors SSN? The investment funds came from a self-directed IRA so the partner is not a person, but an IRA account. Yet...
Hi, I have a 4 family in southern NH. Two of the units have separate oil furnaces and the tenants pay their own heat and hot water. However, on the other side of the building there is only one oil furnace for two u...
Hi All,I just closed on my first property in the 27606 zip code! It is in need of light repairs, can anybody recommend plumbers, electricians and/or handymen they have had positive experiences with?Thank you!Parker
I am really upset. I bought a property from sherif sale. I was going to make a hefty profit from this sale. Today I received a notice from sheriffs office advising that “enclosed please find a courtesy copy of “plaint...
I really want to accelerate my business and use the BRRR method, problem is I need one of those coveted private lenders. I personally know several people who I can ask; present a business plan what have you, my questi...
Hey Bigger Pockets Family,
I have a duplex in a B/C neighborhood in Jacksonville FL. I bought the property as a primary using my FHA loan and have been doing some updates to my side but have a tennant moving out soo...
I need help understanding this idea that your lender will help you collect on insurance claims if you have a high outstanding loan balance.In this scenario, if you have a high loan balance on a property, and your prop...
Would writing a business plan with detailed financials help in getting a commercial loan? We are just staring out and much of the smart advice is to start out with a smaller property before moving on to multi-family....