Jerry Poon
Mortgage from Private Lender or Regular Bank?
I am seeking a loan, and I have a few options between a private lender and a regular bank. The terms are similar. What are the pros and cons of each?Will the private loan show up on my credit?And lastly, what are the ...
Evan Rodriguez
How do I get money for another buy without an investor
I’m looking to purchase another property and rent this current one out how can I do this when my debt to income is already so high and almost maxed. I’m confused on how people can have so many rentals lol
Bruce D. Bolton
Pay down debt or keep cash flow?
I have an offer on a multi that has a $3000 monthly net. I could take the offer and use the money to eliminate $1700 monthly debt service on 2 other buildings and own them free and clear. Do I take the offer for the...
Scott Pennington
Sell my rental property to pay off CC debt
Should I sell my rental property to pay off CC debt or get an equity loan and have the tenants pay the loan?
Kerry Smith
What would you do...? (Advice Welcome)
Hello everyone! Before I start, I'd like to say thanks to the BP crew and the tremendous community you've built here! Honestly, the last 4-weeks on the site has been nothing short of life changing...
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Omar Ruiz
Millennials Generation is a Renter Generation
According to Fact Tank at the Pew Research Center, 2015 will be the year the “Millennial” generation (Ages 18-34) will surpass the Baby Boom generation. As the numbers of Baby Boomers decrease, due to normal life expe...
Satya Y.
Cash Out Vs Rate Term Refinance
Hi Everyone,I'm currently in dilemma whether to do a cash-out refinance or a term loan refinance to close on a construction loan . Here are the details:
My current construction loan balance is $587KThe property va...
Marc Izquierdo
What number is taxed on a financial statement?
I was starting to build, edit, and run a few deals through a spreadsheet I developed. Below is an example of the financial statement portion of the spreadsheet. I was wondering which number the IRS uses to determine...
Samantha Zanotelli
Jumbo Loan Question
Is there anybody offering 10% down on Jumbo Loans in Southern California..
I was told that this isn't possible right now and that given the current market most people want to see 12 months of reserves. Was curious wh...
John Acheson
Do you want to get into commercial real estate?
Arguably, one of the 1st steps in commercial is to have a seasoned LLC to be able to get financing. I've been researching the main differences between traditional mortgages for residential and commercial lending and j...