Account Closed
Was told to use LLC but Financing is challenging
I was told to drop my home into an LLC ASAP. It's in a single-member LLC. It's owned free and clear and now that I want to pull cash out via a refinance, no one seems to want to work with me. But if I pull it out of t...
Nathan Frost
Business Line of Credit
Hi all, how can one use a line of credit to add rental properties to their portfolio? Can someone give me an example? Bank said I could use it as the down payment and then get another bank to fund the loan. I am tr...
Brandon Morgan
is an LLC necessary?
hi all, I am new to real estate investing and recently bought my first property a few months ago and got it rented out! I am thinking about the future and how I will purchase properties in the future. I often hear you...
Michael Craig
Mom and Pop Property Manager
Hey BP,I am very close to closing on a duplex which is about 3 blocks from my 3 family home (my current residence). I will be moving into the duplex once I close and I will rent out the unit I currently live in - leav...
Jennifer Newby
Fourplex purchase with FHA 3.5 down in pricey Alaskan market
Hoping to get some insight on an opportunity I have. There's a fourplex I'm looking at, seller asking 550,000 that I can qualify for with an FHA, 3.5% down, using the rents from 3 of the 4 units. I love the idea of ...
Rob Cucugliello
Mixed Use Rental Financing - Help!
Hey all!Looking for help here. So I found a mixed-use rental property for sale in NJ. It's a 2 unit property: 1 commercial and 1 resi. Both of them are already in lease (the commercial one has been there 17 years!) an...
Sujay Kumar
Rental property analysis
Hi,I am looking to buy a rental property / SFH for 80,000 using funds in self directed IRA/ cash.Monthly expenses is 760 using the bigger pockets calculator ( including insurance- 120.00 per month, property management...
Neerav Patel
LLC with commercial mortgage VS personal regular mortgage
I just bought REO property as my own residence and renovated it inside out(which is almost done).Now I am planning on my next investment but I have trouble deciding path for finance.On one end I can get an HELOC on my...
Julia Fergo
help, seller received a letter of forclosure
Need an advise!!!!Buying a house in LA (ESCROW does the title here, we don't use lawyers in LA ). Escrow close on 10.15, all the docs are signed and the financing approved....Oppps...The real estate agent calls me tod...
Dan Smith
How to analyze a duplex to see if it is worth my investment?
I am just starting out and I have recently found a house on the MLS that is a duplex which needs some work but it is selling for 99,000 and has 1 existing long term tenant already paying rent of 825 per month.2 questi...