Cameron Price
Depreciation: when do I get credit for initial purchase?
I've Learned a ton about accounting lately, but I just can't seem to figure out depreciation.I bought a rental property for $25,000 in 2012. I was paying back $500/ month at 4% interest to a private investor. I sold t...
Drew Cameron
Heloc to pay off mortgage faster
I recently came across a new strategy that I don't quite understand and it sounds too good to be true. The principal is simple. Use your heloc to pay your mortgage and funnel all your funds in and out of it like a che...
Vernise B.
Property managment - trying to run credit for a potential tenant
What are some reliable sites that you all (property managers and/or Landlords) use to screen a tenant? I'm trying to use the tool from bigger pockets, smart move with transunion but the website has not been working th...
Jason Luongo
Financing Hard/Private/Line of Credit For New Construction Multi
Hey BP Family!,So I recently purchased a lot in SW Florida that is zoned for multi-family. I already have a sales contract signed with a builder to build a duplex. The cost to build the duplex will be 255k. However th...
Shaun Hood
Can I get a line of credit for Investment Properties?
My wife and I own 3 properties, two of which are rental properties. We are very new to real estate investing, but off to a good start. We recently turned our primary residence into a rental, and have about $100k in ...
Edgar Rodriguez
How to get closing costs credit for an investment property?
So I am buying my 2nd investment property. It is a sfh in Council Bluffs Iowa. I made and offer asking for 5% closing costs from seller. Well we are a week from closing now and my lender just told me that towards an i...
Krystal C.
Line of Credit for Property in a Multi-Member LLC
Hi! I inherited a property in NYC with no mortgage and I will be putting it in an LLC with my mom and my sister. Once it's in the LLC, how do we get a line of credit? Will a lender need to review our individual credit...
Mary Mayo
Buying pre sale condo using line of credit for downpayment
Has anyone here experience Getting downpayment from a line of credit for a presale condo in very good location, using 20% from line of credit? Is it okay to do this?
Alex Hamilton
Are offers to repair Credit for a fee a Scam ?
I always thought that nothing could repair credit outside of time and money. Bring delinquent accounts up to date, pay them off or wait until they stop reporting. However, I see people here on Bigger Pockets claimin...
Victor Leon
how do I use "corporate credit" for real eastate investing?
I Have been to a few seminars and a concept that intrigued me is the one about setting up corporate credit for real estate inveatment. i did not fully understand how to go about doing this. they stated an llc. or some...