Tony Sierra
Doing business under an LLC
I was speaking to a friend who owns a few single family rentals. He has an LLC for his business but he stated that he does not have his properties in the LLC, he financed them and holds them in his name. I hear all ab...
Maxwell Lee
Subject To (previous owner's mortgage)
Hi, I am wondering what is the proper way to close out a mortgage on a home we acquired subject to. We purchased the property a number of years ago, the loan has actually since been sold to a different lender, and we ...
Brady Robertson
Guidance and general questions
I want to purchase my first property in the next year or two but not sure on if the timing is right because of my current situation. I am 25 years old, currently have student loans to pay back, and live in the downtow...
Reuel Li
6 unit property.....
Looking at a six unit property should I get a loan from the bank or find a private investor?
Hae-Yuan Chang
Buying and developing land for green projects (Orlando)?
Hi there!I am looking to find land and develop it in the Orlando area. I would live on this land with five others. We were interested in building a homestead with a variety of projects and alternative living situation...
David Robertson
Refinancing current mortgage-options?
I currently have my own residence with a 5.25% fixed interest rate with excellent credit that I have lived in for 2 years. I am planning on living in the home for another 3-4 years.
I looked into refinancing my lo...
Richard Jimenez
Clear debt or first investment?
Hello BP community! Just recently learned of BP from a close friend. I was discussing with him my current situation and he recommended I reach out to the community for some guidance. I graduated from college in May of...
John Kamble
Seeking Advice on Potential Loan Occupancy Breach with Sale
Hi BP Community,
My friend is running into what I see as legal issues. The situation is as follows:
She purchased a property as a primary residence and took out a conventional 30 year loan for mortgage on it. There'...
Sean Tippens
Unsecured loan @ 9.5% for 24mo???
We currently have the deed to a property that we need to rehab. The conversation starts with finding the 25k for the Reno. This will be the first time, for us, using another type of funding that isn’t our own cash. We...
Brandon Knight
Cash out Refi vs HELOC?
Hello! I have a two-part question if anyone has any tips or tricks that would be greatly appreciated!
First question:
I am trying to figure out how to grow my "snowball" as a real estate investor. I currently own t...