Michael Willis
Saving for a down payment/preserving capital
Hello all. I am new to this community and I am trying to soak up all the great information and ideas that this site provides. My question is specifically regarding saving for a down payment. I am trying to save as muc...
Alex Kim
Section 8 Tenant Stopped Paying Water Bill
Hi Everyone - Looking for advice!My section 8 tenant at a property of mine in Michigan has stopped paying her water bill, ending up in an outstanding balance of thousands of dollars. My property manager has approached...
Bill Womeldorf
Best online banks to hold security deposits?
Hi all,I am from Massachusetts, and in this state landlords need to hold their security deposits in interest accruing accounts - Does anybody know any good online banks that provide this service? Or should I look into...
George Sackett
Anyone work a deal buying house with a reverse mortgage on house
Trying to see if there is any type of inventive way to get a deal on a house whose owner has used up most of their reverse mortgage. Who am I really buying form the "owner" or the bank providing the reverse mortgage?...
Josh Day
House Hacking FHA and DTI Ratio
I’m a recent college grad with approximately $204K in student loan debt. I was your typical American until I discovered BiggerPockets. Definitely would’ve taken out less student loans if I knew what I know now. Fortun...
Shawn Pacaoan
Hard Money Payments
Can someone provide an example of making payments when using a hard money loan?
Jerry Kisasonak
What sales price goes on a deed for a Sub2 transaction?
I am working on a Subject-to deal and wanted to know how much transfer tax I'd pay on the deal. Of course, this depends on the purchase price. But on a Sub2 deal, what goes on the deed at the purchase price? My initia...
Andrew Pettit
HELCO Loan From Parants
Good Evening BB,I am getting a loan from my folks in the form of a HELCO. We were able to settle on a HELOC and I was wondering if there was any consideration during tax time that my parents that are going to have to ...
Jeffrey Monahan
What will it take for a motivated seller to sell!
Ok so I have a couple of questions pertaining to wholesaling properties. Once I analyze a property and decide that I want to make an offer... What if my offer is less then what the seller owes on the property? Can th...
Juan Ramos
need help on best way to cash out refinance
I currently have 2 rental properties, plus my primary residence with a heloc of 23k attached to it. My credit score is very good and have some cash reserves
1-condo- loan balance of 57k and worth 110K - rents $1225
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