Jordan L.
What is Creative Financing? And Who does it?
What are the advantages for doing Creative Real Estate financing? If I can get a personal loan from a credit union to put a down deposit on a property, Is that consider Creative Financing? Can I have list of all t...
Anthony French
Buying my first apartment building
So I found an apartment building about 40min from my house I’m looking to purchase with an angel investor firm (6%) so I won’t have to put any money down to start, the property is listed at $575,000
12 units all lea...
John Hawkins jr
Trying to pull out equity
I purchased a few condos about 6 months ago. I want to pull the equity out of them to purchase more investment properties, but the banks that I have talked with (Huntington, first federal, citizens) say that I can not...
Eli Rods
Does a K1 loss negatively affect my personal mortgage
I am a GP investor in a syndication and received my K1 for the syndication for last year amounting to -$150k. I have recently applied for a primary home mortgage and the lender’s having a hard time overlooking this ne...
Zacharee Carmack
Heloc for investment properties
Does anyone have a bank doing HELOCs for investment properties? I think I am sitting around 80% LTV currently.
Charles Ladner
Do I need a business plan
Question for anyone that has answers. I talked with my local bank about buying a 12 Plex and she said that they require a business plan. Is this common with most lenders with a building this size or is this just thi...
Mary Jay
What is the proper way to
Can you guys help me out with this?I know that the rents deposited into my LLC bank account can not be just transferred into my personal bank account (Because if I do it then it pierces the corporate veil) 1) But what...
Edward Mccracken
Telling a bankruptcy attorney he is wrong when including home
I came across a nice looking vacant house in my investing area. I did some research, to find out a company that is known to do fraudulent foreclosures, started to foreclose on the homeowner then dismissed the case. ...
Zack Kolb
Signing first lease tomorrow, couple of questions.
Hello everyone,
I will be signing my first lease tomorrow, many thanks to the BP community. I have a couple questions for you guys.
I am going to pro-rate the days Dec. 24-31. What do I put for the term...
Layman Bennett
Local Bank Pre-Approval
I have read that hard money lenders need a conventional mortgage pre-approval before lending. What are some questions I need to ask local banks that they need for pre-approval letter (i.e. how long does the renter ne...