Travis Silva
LLC vs. Liability Insurance for a rental + managing investment
Hey All - I am officially brand new to being a landlord. As of this past weekend, I had my first tenant move in. Being my first rental, I've utilized a local PM company that has pretty reasonable rates, and they got m...
Trenton Mattson
Need some help getting into REI
Primary residence =$400k loan, appraisal $675k before upgrades, lived in for 3 years.
HELOC utilizing $125k for upgrades.
Mortgage $2200, rental comps $3200-3600.
Best way to proceed with getting into another hom...
Wayne Brown
Would you use 401K loan for mortgage pay down?
Hello everyone! Which of the two options in this scenario would make more sense with the mortgage on my rental home.I currently have 12K remaining on the mortgage of my first and only rental property after multiple lu...
Damian Mandina
Home Equity Line of Credit as Capital for investing...
I have been in the process of working with the bank on establishing a home equity line of credit to start using as capital to invest in properties. Today they said that I needed to reassure my house for not only the ...
Sandy Uhlmann
Does your due diligence include confirming Insurance coverage?
In purchasing a first position note, do most people verify insurance coverage prior to purchasing the note or do you wait until after the note is purchased and deal with it then? What is the best way to verify coverag...
Ashley Jones
Multi family First Time Purchase
Hi BP,Any recommendations for an experienced multi-family agent in the DFW area? I’m looking to purchase my first home (Fourplex) using an FHA loan.
Avery Pemberton-Smith
My first investment
I'm thinking of buying this place and updating the kitchens and appliances to increase the cash flow. It is a duplex with 5 bedrooms 2.5 baths on one side and 3 bedrooms 1.5 baths on the other with a 1 bedroom suite i...
Jim M.
Subject two Flip
So I've got a seller who is looking to get out of a property. How should I take this down? He wants to get out of the property and is open to a creative financing option....sub2. I have not done a sub2 before.
Mo...
Rocky Pe Benito
Ownership and Title and the Due on Sale Clause
Hello Bankers, Lenders, and Mortgage Brokers,What would be the legal way to add a family member to the title and mortgage without triggering the Due on Sale Clause? This family member is managing the property (pays mo...
Patrick H.
Shifting debt to rental
I’ve learned a lot from Bigger Pockets, first time posting:I’d love to get some feedback on where to go from my current position.Background: we own two houses on a single lot in a residential neighborhood. I remodele...