Atul Mohlajee
Parking issues in a condo building (HOA ineffective)
I own a condo in a 10 unit building and have a tenant there. The tenant has her aloted parking spot #5 with the condo. Most of the days, the tenant can not park in her spot because the person with adjacent parking s...
Jossue Alfonso
SBA 7a vs Conventional commercial Loan ?
Hello everyone. New to investment and the BP community!Im in the process of buying a commercial office condo for my business.I have been offered 100% financing thru sba 7a loan ( 25 yrs) or conventional loan (20 yrs )...
Steve S.
Debt to income ratio on unsecured line of credit?
I've talked to several local banks and they all seem to be around 40%. For round numbers, can if I make $100,000 / year, what would I expect them to be comfortable with as far as extending me an unsecured line of cred...
Ben E.
Newb Financing with home equity
Greetings BP members,I'm a newbie to the community and want to gather some opinions on my financing strategy.I currently have 2 properties, my personal home and a rental townhouse. Both are paid off. I'm now in a po...
James Conaway
Financing purchase with credit card
Between myself and my wife we have about $200k in credit card credit. Our credit card debt is about $2k right now.I have been building up credit lines for a long time in anticipation of being able to do something with...
DeVonna White
Benefits of having an LLC when flipping
Is it beneficial to have an LLC before flipping and rehabbing homes? What are are some drawbacks you've encountered by not having an LLC established?
Kim Handelman
Wholesaling long distance
Hey Everyone,I have a friend who is a flipper in Milwaukee who asked me to partner with her to help her find houses. How does a long distance wholesaling business work? She would be boots on the ground. How do we spli...
Marc Lyman
Legal questions to ask when checking references
Often when I’m checking references on a prospective tenant the old landlord is very tight lipped about giving any information stating legal reasons. I seem to get “I can only tell you whether or not I would rent ...
Guy Noel
Can I flip a House to Myself ?
My question is: If I purchase a house in my business name and rehab it, let say in 6 weeks or so. Can I then turn around and get a personal loan from the bank and sell it to my self for the appraised value? Btw Happy ...
Koel Gaylord
usbank say "no" to deed transfer.
I bought a duplex in 2010 in my personal name, however, in 2012 I formed an LLC and last week I called my bank to let them know that I plan to transfer the my personal name from the deed into my company LLC
The bank...