Helen Zhang
what to say to get occupied tenant out of your foreclosure prop?
I honestly have a hard time preparing the right speech to make the occupied tenants feel good about moving out. It is a soft skill I simply do not have, so I am here to learn from you guys. I am happy to offer cash, b...
Adrian Carr
203k loan - 1 year minimum?
If I am renovating a home using a 203k loan and the renovation takes 5 months, does that 5 months count toward the 1 year primary home minimum even though I’m not staying there technically due to the renovations? Also...
Raj Kamaria
Public Insurance Adjusters
Hello BP community,
Had a large fire at my complex and dealing with insurance for the first time. Getting lots of advice and input, but still a searching for the right answers. To start off, I need advice on:
1) Pub...
Spencer Turan
Business Kickoff Feedback Request
I would like feedback on my business kickoff plan. Fall 2016 I purchased my first property (personal residence) with a personal loan from my parents. I have a written loan agreement and did not file a mortgage on t...
Shaun Callais
Turn Primary Residence into First Rental? Help Me Decide
My wife and I are in the process of doing a cash-out refi on our primary residence in Utah. We owe about $129k and the house is valued around $290k. At 70% LTV I can borrow $73,500 at 3.125%, 30-year fixed interest ra...
John D.
Tax question about rental vs flips
Good Morning,I thought I saw a thread here several months ago relating to what can and can't be deducted on rental properties vs. flips. Unfortunately, I cant seem to find it now.I have a home that I initially intend...
Jon Fletcher
Deal Only Works All-Cash
I've looked at two deals recently where the price seems fair on the surface. But the current rents are so low, that the deal only works as an all-cash purchase. Taking out a conventional 25-year mortgage, at 75% LTV, ...
Spencer Turan
Business Kickoff Feedback Request
I would like feedback on my business kickoff plan. Fall 2016 I purchased my first property (personal residence) with a personal loan from my parents. I have a written loan agreement and did not file a mortgage on the ...
Keenan Rusk
Refinance Property in LLC Out of Hard Money Loan
Hi BP,I intended to BRRRR a property in Baltimore City by initially using a Hard Money Loan (HML). The lenders that I've spoken with thus far will only lend to an LLC. I have no problem creating a single-member LLC, ...
Jerome C Brown
beginner im new to hard money lenders
i have some properties under contract that i intended on wholesaling but at this point there listed and i actually want to purchase do i need good credit or can i purchase under my business name. any help would be ap...