So I'll make it as short as possible. I was sued and lost a judgement for $25,000. They know about 3 rentals, in my own name, free and clear. I am very aware of the eminent danger. I also have a 2nd loan on my own...
Hello to everyone here at bp.com! i appreciate everyones great advice all through these forums. I have been trying to get into the real estate game for a long time now. I have finally gotten my familiy in financial p...
I need some help with figuring out the appropriate interest rate on an unsecured business loan for flipping.
For a secured business loan from a hard money lender, it seems the going rate is around 18% per year with...
I have negotiated a deal that is in escrow, but I just found this site and now I am not sure I should do this, I could back out or renegotiate, potentially losing my $1K earnest money. This is a 9 unit property in El...
Good Morning
Im looking for the best way to partner my llc with my sisters 401k.
We are thinking of buying the property in the 401k and when the property sells the 401k pay my llc any thoughts on thi...
Hey all,I’m considering my first rental property and getting my foot into real estate investing. It’s a house around $150,000 that I think is in a great location (close to downtown) and can produce some good cash flow...
I bought my first rental in in a lump sum payment and have no mortgage. Am I able to write off the purchase price in anyway or did I mess that up by just paying in full?
I have about 5 rental units in Chicago, that I own outright, along with a lot of personal equity. I'm planning on getting more rental properties but want to make sure my liabilities are in check and that I protect my...
Hello,I have a question about a situation I am in and I am trying to weigh the pros & cons.I currently own a 4 unit property that has approximately 25 years remaining on the 30 year fixed loan @ 4.375%.Current pay...
Hey everybody I find myself in a unique situation. I have been recovering from a back injury for over a year now. In that time I received a financial windfall. Prior to this I spent years researching real estate and I...