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I bought a house in East Dallas last summer with the intent of flipping and holding as a rental. I got a hard money loan and was told by the lender that I would be able to refinance through them as soon as the rehab w...
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As I begin seriously investing in real estate, I'm considering starting an LLC to both apply for business credit and hold properties as I build my portfolio. I've had some thoughts on how to get started and am looking...
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I'm working with a family to purchase their property before they go to sheriffs sale. The price will be what ever is owed because they are also in bankruptcy. The catch is the second mortgage on the property. Accordin...
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Hey allHere's my and my brother's problem. We "share" 11 rentals. 5 in my name and 6 in his. We know it's 50-50, but the IRS doesn't agree. We have been looking at strategies to get this taken care of without taki...
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Chase (the mortgage holder) took a homeowner to court and got a judgement against them (for what specifically it doesn't say) for more than the loan amount. So they are selling the house at a Sheriffs sale. I am no...
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I have a property locked up and in escrow for the past 3 months and the court date is on Friday. The real estate was signed off by the heirs in December, and prices have since become a feeding frenzy, and moved upwar...
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I've recently partnered with a seasoned business owner and Real Estate Investor who will be a great mentor for me. One of the projects I agreed to help him work on is working to collect a large sum of back rent from t...
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We recently put in an offer on a duplex that eventually fell through for several reasons. Wanted to share some takeaways in the hopes that it might help someone else.The property and our offer:We put in an offer on a ...
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HELOC Application - Boarder vs. Rental Income: Unable to qualify for higher Equity credit lineI initially requested a set amount on my HELOC application but lender has capped it at $30K less than requested based on d...
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Hello Investors!I am curious how common it is in the RE industry to use bookkeepers and if you find value in it?
At how many doors/properties does it usually make sense to hire bookkeepers? (any rule of thumb?)What ...