Daniel Rutherford
Novice from Wichita, KS
Hello BP!Like the title says, I am a novice (soon-to-be) investor in the Wichita, KS market. I am a "measure 50,000 times, cut once" kind of guy, so I consider myself still into the fact-finding stage of my journey. ...
Beau R.
Fixing Terrible Credit, but small outstanding debt
Hi,I'm 26 years old and my credit is very bad, about a 400 Fico score. I ruined my credit during some rough times about 2 years ago, but have rebounded to put myself in a pretty good position. I'd like to start invest...
Bienes Raices
Paying personal credit card bill with LLC check
I'm getting my tenant credit reports, etc. from a company called Quick Check. Quick Check does not have technical capability to have more than one user credit cards on file so that the user can charge different report...
Kyle K.
Mortgaged Properties in LLCs
Say you decided to place one of your mortgaged investment properties into an LLC for asset protection. You're doing what you can to treat your LLC like a business (it has its own checking account, filed separately fro...
Tom Canterino
Legal Guidance -- Issue with Tenant
Hi BiggerPockets!I am reaching out in hopes to get some guidance in the situation I am currently in. Here is the non-detailed back-story;Purchased a new 3-family in October and inherited the tenants in the other two u...
Account Closed
Getting out of a Cash Offer
Hey guys,I recently made a cash offer on a property that was accepted through an LLC.I have to pull my offer for personal reasons. I have not given any earnest money.The realtor got upset when she learned I was pullin...
Tracey Hamilton
Foreclosing on a private wraparound mortgage
Getting ready to do our second "owner carry" deal where we are the sellers. We own the property with an existing HELOC with a balance on it against the property. No other encumbrances. We are selling the property o...
Joe Trainor
Stable Future Income Option, Owner Financing For The FULL 30?
Hey All,I wanted to explore an exit strategy some of you have probably debunked, can vouch for or have at least thought of. This exit strategy stems more from a mindset of getting a consistent return over a long perio...
Yannes Chiang
Tenant went to a mental hosipital
I hope you can share your insights with me. One bedroom unit tenant (the only tenant on the lease) has not paid rent and is hospitalized in a mental hospital, haven't come out yet. The lease will end on 6/30/3019. He ...
Kelly Williams
Owner Financing
Can someone give me some insight into seller financed deals as far as loan servicing goes? Do seller financed deals get serviced through a bank or another financial institution? I am curious how payments on an owner...