Kamran Ahmed
DFW
Hi guys,
I'm just starting out in REI in the DFW area. I can't leverage with interest based loans, because I don't give or take interest as a Muslim. I have 2 questions:
1. How much money do I need to start my first...
Jason Khoury
Purchasing Vacant Home from Non-Profit
Hi everyone,
A couple of weeks ago, I noticed a seemingly vacant and distressed property near my current residence. After conducting some title research, I discovered that the property is owned by the local nursing h...
John Blythe
Another LLC Discussion: Mortgage company won't allow move
Hi everyone.I got a property with hard money, rehabbed, and then refi'd out using Quicken Loans. In the mist of trying to get out as quickly as possible before our hard money payments hit (they gave us 3 mo. period to...
Gary Onstad
Self directed IRA
I'm having trouble figuring out how I would manage a property using funds from a self directed IRA. If I use an IRA I have a transaction fee ($35) every time it writes a check. So $30 to mow the lawn becomes $65 expen...
N/A N/A
Need help fast!!
I have a client who has a very large lawsuit who has been levied, and the judgement has gone against him. He owes $5 to the lawsuit and has $1 in equity in his home (numbers have been changed). He has no other assets....
Brighten Miller
Remainderman inheritance transferred into 1031?
When my grandmother died in 2002 she left her townhouse ($500k) as a life estate to my aunt for as long as she wants to live in it. Should she sell it, it is currently on the market, I will receive 1/3, my father 1/3...
Randy Marsh
Delayed Financing on a Rental Bought Using Cash-out Refi Proceeds
I performed a Cash-Out Refinance on Property A in December 2020 and the proceeds have sat in my bank account until June 2021, where I used the refinance cash to pay all-cash for Property B. I'd like to not wait for a...
Timothy B. Dunn
Looking for 30yr fixed llc loan
Hello BP community,We are looking for a 30 yr fixed llc mortgage for a $70,000 duplex that we are purchasing. Any leads or suggestions would be greatly appreciated.We are located in Southern Illinois
Felix Santana
Urgent Legal Help Needed!!!
Good morning to all BP members. I've been hooked to BP for a couple of months and love all the books and podcast, plus all the good people and info. I started my investing journey about a year ago and for better or w...
Alex Stewart
Columbus Lender Fail
I have had two local bank lenders here in Columbus, Ohio that I've used several times in the past say they are no longer able to lend of SFR Homes. Is anyone else seeing challenges securing financing these days?