Chan Park
How soon can I pull equity from a recently purchased house?
Hello BP community. My wife and I bought two SFHs in Austin before the boom. They are built in 2021 and I don’t know the exact value of these properties since the appraisals but based on comps they have quite a bit of...
Alan Jones
Lower payment vs greater cash flow? Advice
Looking at finance options on a MF home and struggling with either getting it paid off in 10 years at 3.375% or stretching the loan for 30 at a rate of 4.125%. The difference in the monthly payment is $347 dollars. In...
Steve` P.
Enforcing Lease Assignment Agreement
Just purchased a property that came with Tenants( I know bad idea from what I'm reading) at the end of Aug 2014Before Purchasing I had the seller's closing attorney draw up formal lease assignments, send over copies o...
Linda Weygant
Colorado Question - Broker vs Agent
Hi All,I'm getting tripped up on a vocabulary item and am hoping some folks from Colorado can chime in. I have a friend who asked me to manage his rental, but I cannot because of this:Everything I read says that you ...
Katharina Bormann
General non-responsiveness from tenants in adhering to agreement
Hello,How do you handle non-responsiveness from tenants regarding not-so-critical issues. E.g.,1. If the tenant does not clean up large trash items in the backyard despite repeated requests. The contract says - RESIDE...
Brad Herb
Syndication using SDIRA $
I have an opportunity to invest in a syndication. Initially I was planning to withdraw Roth IRA $ to invest. However, the sponsor said there is an option to invest in the syndication with a SDIRA. I am interested to ...
Tim Ball
Line of credit vs. hard money: which is better?
I am very familiar with hard money but I am not certain exactly how lines of credit are set up. If you are able to secure a line of credit, and you are looking to purchase buy-and-hold properties, would that be a bet...
Jeff Jenkins
Private Money Investor Brochure
Does anyone have a template for one of these?
Thanks,
Jeff
Shannon Elam
Lease Option Tenant
I have an interested lessee to do a lease with option to buy agreement. We ran a background check with a tenant screening website on both the husband and wife. The both have credit scores between 520 and 550. Their in...
Stephen Williams
Mature Commercial Loan, Balloon Due, Way Under Water. Help Please
Hello there, I'll try and make this brief. I am a bit out of my depth here but my father has asked me for help so I'm doing my best. Basically to dumb it down in 2005 my father bought four properties right around the ...