Last year we cross collateralized our portfolio into a line of credit, unlocking the ability to make cash offers on properties and spin them off into mortgages later. This has really accelerated our growth. My broth...
I need advice. I am building three new construction single family homes at the same time with a contractor. Cutting to the chase, the contractor put in a draw for $23,000 for framing lumber. We paid him as requested. ...
Hello BPers! I am about to close on my first deal . 🙌I am trying to open a business bank account with Chase by registering the address from my LLC, but I am not able to go through with it. I'm guessing because it's no...
I will be in Park City for the week 6/20-2/26 while my son is in camp and would love to hear thoughts on best neighboring area to look in for STR. Are there any areas that are more all year round than others? Selfishl...
I am in the process of setting up initial purchase and refinancing lending for BRRRR deals in a new, low priced market (avg. purchase price of around $60,000). I plan on opening balance transfer business credit cards ...
Hey Guys,I want to start another side-project for web app for real estate syndicate. Does anyone use Crowd Street or Juniper Square? I know the costs are 10k for setup and thousands per year in recurring fee. I want t...
I'm looking into opening an LLC, but i do not know if it would be beneficial for me to open it in Puerto Rico (some family friends are trying to get rid of some of the properties) or opening it in Massachusetts since ...
Back in November (2014) I closed on my first REI property. A 'turnkey' duplex in Chicago. I went with a well-known turnkey provider and posted initial updates in this thread:http://www.biggerpockets.com/forums/92/to...
I have a client whose house is currently worth $500,000 who owes $150,000 on the mortgage who is interested in getting a $250,000 second mortage to use as capital to invest in real estate in Massachusetts area. Their ...
So, I was under contract for just over 2-months and almost $1,400 in expenses paid out for this property. Prior to setting up the contract, seller said he had no knowledge of the existence of an oil tank. According to...