Shahid Iqbal
Broward / Coral Springs SFH - Continue to lease our OR Sell?
Hello,Can I get experts advice in my situation below?1. Purchased SFH for personal living in 2005; bubble burst; went through hardship / loan modification and currently on 40 year; 2% for 5 year (3 years into mod); 3%...
Dawn Oree
Insurance - Any Suggestions On A Good Company?
Hello Everyone!I'm about a 13 days from closing on the 7 unit in San Diego and I'm starting to look for an insurance company for the building. I wanted to know if any of you have suggestions on what to look for and t...
Malcolm Pollack
Triple Net Leases and 1031
Hi all,
I'm new to this excellent site (and have no expertise in RE investment). Thank you in advance for any help and advice!
My situation is this: I'm recently retired, and it's time to sell a building I own. The...
William C.
Bankruptcy and rent to income ratio
A tenant that applied just filed Chapter 13 Bankruptcy several months ago and has a 600 credit score. His gross income is 4.6 times rent, but he has some after tax deductions (including bankruptcy payments he just...
Kyle Scholnick
Trouble getting loan on commission salary
I am on commission in my job, and although I do well, banks have been turning me down for loans because I don't have a commission history of at least 2 years. Prior to 5 months ago I was all salary. So based on this I...
Joe Rinderknecht
Financial/Equity partners: advice and feedback
Hello BP. I have a question on what legal things have to be set up in order to bring on financial/equity partners. I am working on a few big deals right now and have a few guys lined up to help me finance them. But af...
Richard Licon
Private Money Broker certification
I am thinking about picking up my Private Money Broker certification, as way of adding an additional stream of income, but I want your advice if you feel the certicication is worth the effort? Is the certification a r...
Melissa Lee
Group Investment or syndicate deal, same thing? HELP
Hi All!Super new to BP and investing in general. I was wondering is it possible to get a group of investors together to come up with the down in exchange for equity in the property? Or does this then become a syndicat...
CL Ziegler
20 percent down, always? (is it possible to do less?)
Hello,
Is the 20% down payment guideline a fixed rule across the industry? Or, is it possible to get a mortgage on rental property for a smaller percentage down payment? (maybe 5-10%, or even *gasp* no money ...
Michael Glaser
SBA EIDL Loan Terms | Is It Worth It For $25K+?
Thought the EIDL contract terms for those approved needed its own thread.I was approved and I'm at the signature stage of a loan above $25K. I understand the collateral, but the Requirements for Relative Collateral ar...