Brendan O'Brien
Put on your tenant hat
I have a good friend (involved as I am with the Cub Scouts) and she's losing her business do to slow sales and nonpaying customers. It's heartbreaking for her and her husband.
She can avoid personal bankruptcy if th...
Kyle M.
Structuring Deal - Buy & Hold
So I am looking to complete my first deal and am in the search for a SFH. This would be the first house that I am purchasing and since I will not be living in it I will be unable to take advantage of an FHA loan. Ho...
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...
Sam Dogen
BURL: Buy Utility, Rent Luxury
Howdy Folks,So I've had this realization now that I've turned 40 and owned property for the past 15 years in San Francisco: Buy Utility, Rent Luxury.I have NO desire to own multiple rental properties in an expensive c...
Amelia Moore
Refinance rental property- should I roll in my student loan?
In 2009 I purchased a single family in Vallejo, CA for $170,000 at 6%. I am currently renting the home out for $1900. I will be refinancing the loan- current comps $280,000 so LTV is not an issue as I owe less than $1...
Mary Ann
How do you pay back people you borrowed from for a deal?
Can someone please explain to me in baby English how you can pay back a private lender - who is a regular person? For instance, I'm interested in multifamilies, buy/hold properties. A hard money company told me I ne...
Stacy Mellish
Vacant House / Deceased Owner / Delinquent Taxes Question
Hi BP, I have a question and hope someone can provide some further insight and possible suggestions. In researching my returned mail addresses from vacant houses, I found that the owner of one house is deceased and st...
Mike S.
Advice Requested: Financing Problem Solving
Hi All,
My family has come across a dream property. It has been on the market for over 2+ years now. Property was originally listed at $1.5 mil, now down to $1.12. We are eagerly looking and searching all possibil...
Account Closed
Overpaying to fund rehab costs
Duplex for $160k. Needs about $40k in rehab.
Is it possible to come up with an arrangement with the seller to agree to their $160k but pay $200k then after closing have the seller give me the $40k back and I use tha...
Christopher Lombardi
Line of credit for large property owners
I find you can learn a lot reading annual reports of Multi-Family REITs. I came across a company that purchased all of their properties for a discount by paying all cash and using a line of credit that they had with a...