Johnny G
Other Income or not?
I own, and am listed as general manager of an LLC. I am the only member. I deposited personal funds in the LLC account. I used the account to fund the purchase of houses at foreclosure by a third party which then...
Greg Moran
First investment loan default. The saga begins
Investment Info:
Single-family residence private money loan investment in Enid.
Cash invested: $27,600
Contributors:
Matt Mesick
UPDATE: (10/02/2022): Borrower has defaulted on the loan a...
Leigh Ann Smith
Wells Fargo Businessline Line of Credit
We have a business unrelated to real estate that is a sole proprietorship (no LLC). An offer came in the mail from Wells Fargo saying that our business is pre-qualified for a BusinessLine line of credit of up to $100...
Tyler Standish
Personal Loan for Cash only House
Hi, I am hoping some bankers can lend some advice on this subject (but anyone can). I am trying to purchase my first flip and have run into so many good deals but can't get them because they are cash only. I am cons...
Matt Inouye
RE Held In S-Corp
Hey BP Community,Long story short... before BP I received some "bad" counsel from a CPA to put our properties in an S-Corp instead of an LLC (properties are in Sacramento California if that matters).Fast forward 5 yea...
Bob Mazza
Investment Property down payment question...
I have started to shop around for a new investment property to add to the portfolio but wanted to be sure that I had a clear understanding of what my down payment would need to be. Below is an outline of what we have ...
Christian Garcia
Money
How does a Home Equity Line of Credit work and whats the difference from a home loan ?
Annwar Matani
How do Hard Money Loans work?
Hi everyoneCan someone explain to me from start to finish how does a HML work? I always get scared when someone suggests HMLs... I literally think of loan sharks or getting your house or assets taken away from you whe...
James Brand
Personal Guarantee & Seller Financing
BP,As always when I am in a jam I seek out you lovely individuals to weigh in and share war stories.Situation:I just postponed a settlement that was supposed to be happening right now. My lawyer strongly advised NOT s...
Sean Maloney
Other and best ways to use built up equity In properties that are free and clear
I have several free and clear properties. Besides HELOC or lines of credit are there any ways people are using built up equity to secure their deals? I have heard of a way to tie a property with equity to others to sa...