Ivan Cortez
Evicting During Winter Months
I have a duplex in Wisconsin and the upper tenant has just notified me that she lost her job 3 weeks ago and doesn't have money for rent this month. She said she has requested a check out of her 401K to cover rent but...
Kurt Z.
To Recourse or not to recourse
Curious to hear people's thoughts on recourse versus non recourse loans on apartment buildings. Pros/cons, etc. I have a great quote from First Republic but it is recourse. I can't decide if I really care. Only doing ...
Dolphurs Hayes
Cash out refinance under LLC
Hey I am currently getting closer to closing my first BRRR deal but I wanted advice on how ppl went about the cash out refinance step. Is it tougher to cash out refinance when the title is in LLC? Any tips on how to s...
Luke Rentz
Subject To: Successfully resolved the process of a bank calling a loan due?
Hey guys,I was just wondering if has gone through the process of a bank calling a loan due on a subject to closing? I would be really interested to hear how it went, how much time you had to correct or what actions th...
Sterling Wyatt
Is debt the new asset?
Was listening to podcast by George Gammon and Robert Kiyosaki recently. They made the comment that with high market valuations for most RE right now, and record low interest rates, that the debt is now the asset, and...
Michael Plaks
Refinanced interest - is it tax-deductible?
This post is meant for my accounting colleagues - an invitation to debate, basically.Let's consider scenarios.1. (clear) You buy a rental with a $100k loan. Two years later, you refi into a new $100k loan with better ...
Drew Denham
New GC for roof wants full payment upfront?
I need a new roof on my latest flip, NEW GC said he wants the full $6100 down because its not my primary residence. He won't sign the invoice until its paid in full (and I live across the state). I called one referenc...
Marcin Czaicki
Need direction: Tenant breaking the lease - bed bugs
Hello everyone. I would like to seek your opinion on my recent development with one of my tenants. They signed a lease in November for 12 months. In early January they advised that they have bed bugs which supposedly ...
Marquis Harris
Should I cancel my 401k?
Hello Everyone,Im not sure if this is a stupid question to ask, but I am generally curious about the subject and would like to know what is the best step to take. Should I cancel my 401k?To give you a little backgroun...
Kevin King
Apply for HELOC now for future investing?
So, I have a duplex that has about $150,000 in equity and I am starting to think about purchasing my next investment property. Ideally I'd take $20-$30k out with a HELOC to fund my next downpayment. I hear that gettin...