When banks start restricting credit, they are not confident about people's ability to repay. That means the use of Lines of Credit, HELOCS and other lending for real estate investing will dry up too.
Wells Unexpected...
Hey Everybody,I am new to investing but I have been working with a mentor. He just presented me with an opportunity to flip a property with him. I have 2 credit cards with a combined limit of $25K. Is there any way t...
Hi All, My goal is to purchase a multi family rental in 2018 and house hack it. I'm curious to know how much you all budgeted for reserves when you purchased your first deal? Would you take your 401k into consideratio...
I am about to close on my first rental property. I am planning to create an S corp from the advice of a CPA. My question is, I've been searching for 5 tradelines for my new corp to get Paydex credit. However, I think ...
There was a recent Bigger Pockets blog post about Series LLCs vs traditional LLCs. It sounds like some states don't allow them, but you can get one that is registered in another state. Texas, Delaware or Nevada appe...
If you were to list your go-to real estate agent who can execute seller finance deals, who would you list? Market doesn’t matter, just looking to compile a solid list of investor-friendly agents who know how to work w...
I'm using an FHA loan to acquire a duplex. I'm a few days from closing and when the title company sent out the settlement sheet with the security deposits and prorated rents as a credit to me from the seller my bank w...
When I got home last night I opened the mail and, like most other nights, received several credit card applications. Here are two of them:I have successfully used credit cards such as these in the past to buy real es...
With year end getting close I am trying to figure out what to do with my businesses to minimize my taxes. Cash is king. Can someone please help me. The online tax calc seem to not line up with my calculations.
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What is everyone's best advice for where to store your cash flow. I currently have a single family property averaging $330 a month in cash flow which is going into a basic checking account seperate from personal. This...