Belinda R.
Piercing the corporate veil
I just formed an LLC and opened a business checking account. When flipping houses I use my Home Depot credit card to make purchases for supplies, appliances etc and pay off once I sell. My question is since this Home ...
Scott Hraska
Owner occupied rental question -What if the account has no money?
All,In the next few weeks I'll be closing on a 4-family house, and my 1st owner occupied rental property. I read the forums and a few books and understand that keeping business and personal finances seperate is key. I...
Christen G.
Tenant brought in "portable washer" which (of course) leaked
My new tenants upstairs apparently brought in a "portable washer" which has leaked into the downstairs unit - destroying the tenant's bed and TBD on the rest of the damage. (Yay for Saturday afternoon emergency calls...
Alex Trinh
Do Hard Money Loans Require a contractor?
Hey Guys, Looking to get into my first flip and have a question I can't seem to find the answer for.Anyways my question is do hard money lenders REQUIRE you to use a contract or am I able to get a hard money loan and...
Ira Bloomfield
Replacement Reserves Question
Are you ever able to get money back from your reserves with the lender for routine make-ready expenses? If not all then is any reimbursable, such as new flooring, or new appliances, AC etc? Thanks
Ira
Jason L.
Help finding a bank to refi const to perm with silent 2 lien.....
I'm using a HUD program which reimburse up to 50% of new construction cost but carries a silent 2nd lien for 20 years. This requires me to rent too low to moderate income families and maintain the property to HUD sta...
Jolene Desmond
Your Commercial Property is insured. BUT ARE YOU? 3 STEPS TO TAKE
Insurance Loss proceeds can be some of the hardest to get reimbursed from your lender. I have seen loan documents that were written so that the investor had no possible way to ever access insurance funds - but they st...
Zach Shahan
Masters Degree Worth the Time and Money?
Hello,
I just wanted to get some discussion going with more experienced individuals on this subject - getting a Masters Degree.
I recently got presented the opportunity to go to grad school for Masters of Science in...
Jolene Desmond
Your Commercial Property is insured. BUT ARE YOU? 3 STEPS TO TAKE
Insurance Loss proceeds can be some of the hardest to get reimbursed from your lender. I have seen loan documents that were written so that the investor had no possible way to ever access insurance funds - but they st...
Sharon Miller
New Tenant application with $260,000 debt
WE have a house for rental for $1499 a month, its been out there over a month. We have one applicant with income $7200 a year(Not verified yet) with 660 credit score, though this person is in $260,000 debt. We can't t...