Hello Ladies and Gents, I'm beginning my rental real estate venture and have some questions. Deciding on what area I'd like to focus on the most and I find myself looking at turnkey properties the most. What is the be...
I’m currently looking into a property that is in pre tax foreclosure, but the hang up I am running into is the current owner had filled bankruptcy. Although the taxes haven’t been paid since 2016 how do you think I sh...
Have you ever heard of a multifamily landlord paying their 80% LTV mortgage with "other income" and banking their rents? I'm consumed with the idea and have to solve this riddle.
How could a multifamily owner use the...
Hi BP,
I have a business checking account (for my LLC) and I'm looking to park some cash for reserves and future acquisitions. Curious who other real estate investors are using for high yield business savings accoun...
Starting March 2025, Freddie Mac and Fannie Mae will enforce new lease standards for multifamily properties seeking financing, aiming to bolster tenant protections. These standards include a mandatory five-day grace p...
With respect to the deed, I already understand that I need to Quitclaim the property to the Single Member LLC. My question is about the associated mortgage -- how do I transfer the mortgage to the LLC? Whenever I ta...
Hello,A lead came in today from a gentlemen who wants to sell his house immediately. I went out to the property this afternoon, and I would classify him as extremely motivated (aka he offered me the keys). The probl...
HiI use propertyradar to look for REO properties but am not really sure what to make of them. Let me explain with a random example. Here is the Redfin link. This property went into foreclosure in 2013. No one bid on i...
Hey guys, so we have a closing scheduled for this coming Monday, and I need to wire $24,000 to the closing company for this house today (Friday) to have the funds reach on time for the closing. This will be my first h...
Scenario:
House 'A' was entirely paid off. No outstanding loan. Primary residence (in Nevada).
Borrowed $ against house 'A' using a Signature Line of Credit HELOC (20yr. ARM) to purchase a single family residential...