Saaj Patel
Residential lease commission question
Hey all, Can an agent take a commission for a lease that they secure for themselves or an LLC that they own?
Nghi Le
HELOC in Company Name
Has anyone been able to find a bank (local banks, small banks, credit unions, etc) that will provide HELOCs to properties owned by companies (instead of personal names)? Looking for one that is flexible/creative and ...
Shawn L.
How important is the ARV for owner financed property?
I own a property I would like to sell as an owner financed home. Are there any guidelines on how to determine the value of the house for these kind of transactions. I've read that some owners will charge slightly more...
Jose Ditren
Mandatory Security System for Landlord Insurance?
Hi! I need Landlord insurance for a rental property and we are being told by our agent that we are required to have security system such as ADT because of the fire protection rating in the zip code. They gave us two q...
Joseph Hammel
Clarity on 30 yr refi guidelines
Hello, Joe here in Minnesota.I have 12 of my properties financed under traditional 30 year loans. Nine of them are rentals in my name, one is a rental in my wife's name, one is a rental in both of our names, and one i...
Jessy Milner
Fannie and Freddie out?
Hey guy, I know that it is possible to get loans in both your wife and husband's name seperately as long as you both qualify for a property on your income alone but does anyone know the exact procedure to do this o...
Ben Rasche
Cash reserves per unit
Hey guys and gals,I just purchased 2 single family houses and a duplex to go along with another duplex I currently own. I'm just curious how much cash I should try to keep in reserves at all times in order to deal wi...
Ben Bakhshi
Wells Fargo Update: No more loans if you have 4+ mortgages
We just got a HELOC approved with Wells Fargo for a borrower that has over 4 mortgages. We started an application for another HELOC and they said that their rules have recently changed.
Just so you know..
Susan M.
evictions and security deposits
Hello,I had to evict a tenant because of excessive noise (all the neighbors complained), having a cat and a dog in the unit which was not allowed under the terms of the lease, and for allowing her friend and her frien...
Lance Luvaul
A: refi 3 loans into 1? B: portfolio loans count in 4 loan limit?
Hi BP: sorry, two questions in one:A: If I refinance 3 hypothetical conforming/secondary loans into 1 big loan, does that reduce the number of loans that count against my limit of 4? (And maybe a 3rd question: is the...