Craig Soderdahl
Couple of questions from a newbie wanting bigger pockets
I have a decent amount of home equity on my primary residence that I'd like to tap into for down payments on some rental properties. 1) Is there an advantage to refinancing with a cash out option or doing a home equ...
David K.
Tenant not giving firm date of vacancy
Hello! I've got a tenant who had said she was planning to leave the unit upon expiration of lease. Lease ends July 30, she tells me she will leave by August 1, or maybe the 15th of August. Nothing is firm. I asked ...
Julia Trudeau
Private lending using self directed 401k
I presently have a 401k. I am wondering if I wanted to set it up to do private lending out of it and so set it up to be self directed, how do I handle the portion of funds that I don’t want to lend out?
For example,...
Leeling Chew
Should all tenants fill out rental application, or only the one who pays the rent?
A potential tenant is interested in renting my 3/2 house. Four adults will be residing in the property, with only one responsible for rent payments. Should I require all four individuals to submit rental applications ...
Zach Whitt
Hard Money + Equity Partner
The plan is to flip a property using an equity partner to provide the cash reserves and a hard money lender for the bulk of the purchase and rehab.
We originally planned on all cash, in which case we would split gain...
Kelly B.
llc no operating agrement, fall out with partners
Here are the ridiculous facts.1) we bought a building with "friends" to be rehabbed and turned into a short term rental. We drafted an operating agreement after I formed the llc. We discussed and they seemed ok with ...
Dale Miller
New mortgage or Home Equity not sure
Would like to make my first deal in the next 6 months or so. We have pre qualify for 300k original mortgage and we have 140k in equity. Looking for a 2-4 unit in tonawanda kenmore buffalo ny. Just looking for somethin...
Cameron Outlaw
Do I Need To Open An LLC Or S Corp To Wholesale Real Estate
I was told by someone that I need to set up an LLC or S Corp to wholesale real estate. Im not too sure if that is necessary though as I will never actually have ownership of the house. Any info on the topic would be m...
Scott Passman
Trusting "deals" as out of state investor
As a new investor looking to invest out of state, I'm finding it very difficult to know when a deal is actually a deal. I have spent a lot of time tracking the MLS, Zillow, redfin etc. and reading up on the varying ne...
David Mussaw
Real Estate Agent Imposter Syndrome
Hello, BiggerPockets Community.I'm suffering from Real Estate Agent Imposter Syndrome. I climbed the corporate ladder until five years ago when I entered the field of higher education as a Research Analyst. I recentl...