Dave W.
potential mentor--what red flags should I look out for?
A couple of weeks ago, I was at a local car wash waiting for my truck, & I called a mortgage broker about some info I sent him to get pre-qualified for a loan. A man standing nearby overheard part of my conversati...
Jose Bordes
Hard Money Draws on a reimbursement basis
I recently financed a deal using Hard Money with the typical LTV 80% and they cover 100% of rehab. My question is "Is it standard practice that the Draws are on a reimbursement basis?" This totally messed up my calcul...
Nik Moushon
Are HELOC based off Tax Accessed Value?
I am working with a bank on a construction loan for a duplex. I need between $20-25k to put up as a bond for the utilities (long story but the city has required it). My problem is that I need this money so the city c...
Dorraine S.
Late Fee Due When?
Rent is due on the first day of the month and the late fee is assessed on the fifth day of the month. If the fifth day of the month falls on the weekend when the office is closed, do you automatically assess the late...
Jamie Wooley
VOTE NOW!!! This will take 10 seconds, I can't make up my mind!
Please help me with a logo for my company. This will be used for branding purposes and also a professional logo. It will be on direct mailers, business cards, website and social media. Just put the number below and...
Winston Yang
Would I qualify for a loan?
Greetings to the big pocket community.I am a US citizen with 800 credit score, 3 rental properties that are generating income. They were cash purchases, free and clear. However, rents are my only income in the United...
Jason Eyerly
If I Use A HML To Fix/Flip, What Costs Can I Expect To Incur?
Hello BP, I'm looking to get started looking for my first property to flip very soon. I will be using a HML that wraps all points and fees into the loan, and hopefully will have no interest payments for the first s...
Josh Bauerle
Outsourcing Landlord Duties Without PM
I’m in the process of purchasing 13 total rental units to go with the two I already own. This is in rural OH and there are truly no good property management options. I’m trying to think of ideas to outsource several ...
Karie Blalock
Tenant Screening Advice
What are things that you wished you had found out about prospective tenants, before approving them? Things that probably would have made you not consider them?In the next 6 months or so my roommate will be moving out ...
Daren H.
Marketing as Individual Investor
In a targeting market campaign, is it more favorable to be presented in your marketing documents as a company (e.g. LLC, Corp, etc.) or is it acceptable to present yourself as just an individual investor by your name....