Derrick Wortman
Need Loan for $50k Investment Property
I've reached the DTI limit with typical Lenders at this point. I have 5 Investment Properties (1 duplex 4 single family) and I am getting great returns. My credit score (FICO=830, others around 775). I am at the point...
Will Sifert
Online auction sites for tax lien sales
I am starting a list of all of the online auction sites for tax lien properties. I have used or am familiar with the ones I listed below. If you know of other online auction sites for tax liens please post, thanks! Ci...
Sam P.
What to do when a property can't sell or rent? Stuck forever?
I have a crazy question that I wasn't able to find an answer for. What are the options if you have a rental property that is paid in full, but no longer cash flows and no one wants to buy it. For example, lets say y...
James E Fraley Jr
Bank Statement Loans
Pros and Cons with this type of financing for investment cash out refi
Account Closed
Transferring property from an single-member LLC to yourself
I would like to transfer my Lakehouse out of the LLC to myself. I have around $65,000 invested in the property. I have a $75,000 line of credit against it. During getting The line of credit on the house in appra...
TD Wolf
Sell flip at a loss or turn it into a rental?
Ok, so there's a whole back story (and tons of lessons learned--see more on that below) wrapped up in this question, but it essentially boils down to this:I started a flip in April with a hard-money loan. It started ...
Ben F.
When To Initiate Attorney Actions During Lien Redemption Period
Hello BP Members,I am looking for advice on when to hire and initiate any attorney actions within the redemption period of an owned lien.I have liens in Arizona and Florida. All of them are nearly 1 year since purcha...
Brian Campbell
partners and taxes without LLC
I've read every thread in here on LLC's vs umbrella liability insurance. My lawyer (a friend) will set up my LLC, but it will cost over 1K to do so so I am looking for other options.
My longterm girlfriend (12 yrs) ...
Zether Wrong
Purchasing a home - Self Employed heck.
I'm having trouble purchasing my first home. I want to buy a townhome in Las Vegas, live in it a few years and then turn it into a rental. I run into a problem with lenders being self employed. I can’t have it both...
Chris C.
Should I Fire my accountant?
My question is should I fire my Accountant and look for another?I'm a newbie and in Jan 2020 I bought my first buy and Hold property. It was a Brrrr. It was in very bad shape but I got a good deal. All in for a to...