Jason Avila
Paying consumer debt or investing with new capital?
I have about 25k in cash available. I also have about 45k in non-real estate debt. Credit cards, car loan. I really want to refinance my current residence to get it rented and look to buy a new home. Both the refinanc...
John Clarkson
Bank stopped due to Covid: How to close with seller finance?
We are purchasing a senior housing portfolio and we have gone through the underwriting process with our bridge to HUD 232 lender. We were at the final step of working with their legal team to prepare the closing docum...
Bobby Clair
Dependence of Commercial Loan on existing Residential Mortgages
I was considering taking a commercial mortgage 6 months down the line. Right now I am eligible to take up a residential mortgage, where in I will be putting a 25% down payment. This can either be a primary residence o...
Adam Wayne
Closing on my first house hack - trying to understand how I will qualify for the next
Hi everyone,I've been reading the forums, books, listening to the podcasts, and learning so much! I'm currently closing on my first house and I think I have most of the next steps figured out. Because the market is so...
Alysia Newsom
brankruptcy
Has anyone had experience with bankruptcy? My husband and I are considering it after meeting with a debt management counselor that recommended it. We are trying to do everything possible to prevent this option, but th...
Kerry M.
I am the only debtor to my LLC. How can I deduct debt repayment if I dissolve the LLC but continue the business?
We are seeking a first mortgage from a local bank for our 4-plex. We had renovated it since purchase. The loan has to have the property titled in our names, not the name of the LLC. How do we account for the deb...
Leif Weisner
First time investor looking for advice.
So I have the opportunity to buy a family members house from them and gain some massive equity for free. We’re talking buying a $600k house for $250k. The reason being they have to much debt and would like to retire a...
Jamar Arbelo
Tenant's Credit
Hello,
I have a tenant who never paid November's rent and is basically moving out by Friday (1st), so they say. Is it possible for me to put it on their credit report that they never paid me this month's rent? Also, t...
Theodore Tasoulas
Exit strategy issue - to cash out or not to cash out
Hello BP!
We have a 4 unit with an exit strategy issue. 3 of 4 units were renovated—doubling rents and bringing to market rate, but we now have 30k in debt that we want to remove from our ledger. The appraisal is sto...
Michael K Gallagher
Assuming Debt on 56 Unit Deal?
Just perusing Catalyist and came across a 56 unit garden apartment deal in a solid area and the deal mentions the ability to assume the debt vs the early payoff fee on the current debt. Can anyone elaborate on the spe...