Kelly Creamer
Mortgage requirement: 12 month lease. But i want to Airbnb
I am purchasing a new condo and am hoping to rent out my current condo. This will be my first foray into being a landlord. One of the requirements the lender has is that I have a 12 month lease to meet income requirem...
Sean Lynch
Second Deal - brainstorming lending ideas
HI BP,Hoping to brainstorm with all of you on ways to finance my second property. My brother and I purchased a property last year and have been living in it/renovating. Things are going well, we'll be renting it out i...
Marcus Louvier
Deal Analysis
Hey guys,Today, my first very motivated seller came to my inbox! I'm hoping you guys can help me analyze the deal.3 bed/2bath 1600 sq ftAsking: $90kLoan Balance: $90kARV: $95kCurrently Monthly Payments: ~$600 (said he...
John Nisewonger
Hubzu cash only creative finacing tips needed
so I found a property on hubzu that I am interested in purchasing. The house is at a great price and I want to make an offer.I have enough liquid assets to purchase the house and maybe enough for a third of what I thi...
John Rogers
Is there such a thing as 100% Funding?
We operate in a "niche"...We are a HUD authorized real estate brokerage that works almost exclusively with investors (both wholesalers and rehabbers) helping them acquire undervalued properties.Lately we have had a lo...
Shannon Bullock
New member from Raleigh, NC!
Hi BP! I'm a new member from Raleigh, NC and looking forward to meeting more of you and learning as much as possible from this community. I have a goal of purchasing my first 2 properties in 2020 (hoping to use these ...
Moises Rafael
Separate business account or separate personal account?
I am in the process of closing on a duplex here soon, also inheriting a tenant so I'm ready for that too, very excited/nervous, I am ready for the ups and downs of managing rentals.But I was wondering if anyone knew i...
Joe T.
Double taxed by paying yourself through LLC?
When you pay yourself through your LLC do you end up getting taxed twice?(first time for LLC earning the money, through rent for example, then the second time when you pay yourself a salary)I feel like there should be...
Matthew Mckibben
Our first rental property.
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $245,000
Cash invested: $8,000
This is my first rental property, and it's located in St. Paul, Minnesota. ...
Clay French
Creative Financing — Am I Missing Something?
I’ve been involved in real estate sales and investing in various capacities for the past 12 years. My family has 20 doors that we own, and my wife and I are wanting to start buying some separately for ourselves. Anot...