Hi,Legally, are you required to have a separate bank account for security deposits? If your bank has a minimum balance is it alright to put personal money in the account when you don’t have security deposit money in t...
Hi All,
How do you track your income and expenses for your STR? Especially if you're managing more than one property.
Thanks for your help
Does anyone have financing suggestions for a 14 unit apartment complex that is under $1,000,000? I’m looking for a 30yr fixed, 80% LTV. The lenders I’ve found only offer a 20yr amortization, which greatly diminishes ...
I applied for several loans (HELOC and Home Equity) for a deal I'm trying to do, got approved for both types, narrowed it down, decided to go with the HELOC (interest-only minimum payments for the first 10 years) for ...
When lender says, "For FHA loans, there's a 1.75% upfront MI (usually added to loan amount) and 0.85% monthly MI" What does that mean???For example, if the property is worth $559k, $200k down, and $359k loan would fol...
Does anyone have any advice for finding lenders that will do small balance loans for out of state investors?I'm looking for 75% LTVs and most local banks in the state the property is located in won't even entertain th...
Hi BP,Is 500k enough liability on a 2 bedroom single family rental property?Thanks for all and any answers.
Greeting BP RE tax gurus:I've received a notice from my SD-IRA custodian to report the fair market value of my "investment". I invested in a Single-Member LLC, of which I am the "Single-Member". The single-member LL...
Say you have a line of credit for $50K spread over half a dozen credit cards. Most offer 12 months 0% for both purchases and balance transfers.Then you have an investment opportunity that requires either a certified o...
Was hoping for some clarification on this in reguard to a commercial loan. I’m aware of what net worth is and how to calculate it. Just not so sure I understand it in this way.
So if the loan is 1million my net wort...