Brian Garrett
LLC & Commercial Loan
I've read how people create an LLC for their REI adventures and secure commercial loans versus getting conventional loans under their personal names. To my understanding the commercial loans closer quicker and are ...
Wes Mccullar
Suggested accounting software to track income & expenses for STR
Merry Christmas BP!!My wife and I just recently closed on our first STR in Destin Florida and are now in the process of getting all of our systems set up. One of the main systems we need feedback on the most is settin...
Cynthia Wesley
Funding
Do anyone know a hard money lender who will loan on the property and not my credit?
Jake Kozul
Michigan Bank Recommendation
I am looking for a good regional or small bank or credit union that offers good terms and products for investors in Michigan. I have a good amount of collateral, experiance and can bring in 25-50k cash to open account...
Jared Burns
Anyone with HELOC experience?
Can anyone provide insight on getting a HELOC? Do you generally need to have an account with the bank that you're applying for a HELOC at? Anyone have experience with getting a HELOC from a credit union rather than a ...
Kyanne Mader
HELOC financing difficulty
Hello BP people!
I have a financing question! I am desperately trying to find a company who will do a HELOC on one of our homes so we can purchase some new properties. The difficultly we are running into is I just c...
Jessica Kirby
Getting a Heloc on a Rental
Good afternoon, I have somewhat struck out on finding a financial institution that will open a heloc on a rental property. Does anyone have a recommendation for a small local bank or lender that will do a heloc on a ...
Dean Valadez
Is a W2 needed for a commercial loan?
I am looking to leave my W2 because it is an extremely intense and unhealthy work environment. I would like to get into the real estate industry, don't have any properties yet (so no rental history), have enough capit...
Account Closed
Tax Implications: Paying Airbnb cleaner via Venmo
Hi All!
In Feb 2022 I bought and started managing my first airbnb. It has done well this year! But now that tax season is upon us I have a few concerns...
- My cleaner was paid about $9k via Venmo(this was a person...
Jimmy Chao
Background check per each adult applicant?
should I ask for an individual background check per adult applicant that will be on the lease? Or just one of the adult applicants? I don’t want this to be unnecessarily burdensome for applicants. Sometimes there’s up...