Jon-Michael Clark
How to avoid commercial insurance policies
We are about to purchase or 6th property and due to that, our insurance lady is saying we will have to switch to a commercial policy. We are also setting up an LLC currently. Any advice on home insurance and possibl...
Okey Lawrence
Mortgage Broker vs local Credit Union
What would be the wise choice when looking for a mortgage on a personal residence near Raleigh Nc. Mortgage Broker or a local credit union? Pros and Cons? Any recommendations?Persons Basic infofair-good credit score...
Nathaniel Smith
Any tips on how to get an FHA loan when I have no credit?
Does anyone have any tips on how to get a FHA loan when I have no credit and no full time job? For some context I am a Junior in College and a full time student. I work full time during the summer but cannot during th...
Ian Kisbert
Delayed financing with OPM
When using delayed financing, is it possible to do so using other people’s money? Looking into lending guidelines it seems like the bank may not like being in second lien position, but it also sounds like others use t...
Rob U.
Buying house below Base Flood Elevation (BFE) at Jersey Shore
Hi all - I’m hoping to close on my first investment property (!!!) and considering buying a house at the Jersey shore in the Seaside, NJ area. The house is below the BFE determined by FEMA, but have confirmed with the...
Tim Sipowicz
Private Lending Proposal
Hello BP. I’ve written about this topic before but now have an actual opportunity with a private lender. A friend of mine knows I invest in real estate and would like to continue to scale. He reached out stating his m...
John Boby
TRANSFER FROM MY NAME TO LLC
I just transfer a property from my name to single member LLC. Since this is a single member LLC, can I do a 1031 exchange before 1 year.
Dan Chaney
Investor in Central Texas
Hello BP,I’m excited to have found this site. I recently joined and I’m looking forward to connecting with all of you. Even though I’ve been doing this a number of years I feel like I still have a lot to learn.I’m cur...
Patrick Boutin
Can you use CONV financing to purchase a rehab project?
I would like to purchase a property to live in however I would prefer to find one that needs work where I can get it at a discount or better price because of the work that needs to be done on it.All cash not being an ...
Ryan Hall
Any advice from a lender?
My rental property's post-hurricane-damage repair costs (beyond insurance payout) resulted in large expense deductions and an unusually low taxable income.
The loan originator reviewed my 2019 taxes, and said that d...