Fernando Cardona
Private lending tax issues if using a line of credit
I have been reading a book called the bankers code It talks about becoming the bank and using lines of credit from a bank to then do private lending.If anyone is actually doing this and could give me some input about ...
Marci Stein
cash out refi 5.1% too high
the bank offers me a "commercial" loan (because it's an investment property with 5.1 interest rate, very little fees. i know it's high but it 's the best i can find in 2 months. Is it crazy to accept or should i k...
Fili Aguirre
What is the best way to pre-screen tenants?
What is the best way to pre-screen tenants? Via email? phone? Voicemail? Or creating a webform for them to fill out?
Leesa Lee
Where to get extra funds for a fix and flip
I did an application with a private lender who would give me 70% of the purchase price to start on my first fix and flip but in order for me to get started and to get the funds, they stated I needed to have at least 2...
John Clark
Pull a little cash out of paid off multifamily properties
We have tons of equity from decades of RE investing. With rates so low it seems a no-brainer to put some of that equity to work. Looking for ideas as to the best way to proceed to get a moderate amount of cash out to ...
Travis C.
How honest or informative are previous landlord references
Just for discussion...for those that do so, how much info do you get when calling prospective tenants previous landlords?Do they usually give you all the details you seek or is it kind of like job references where the...
Luis Quintero
On the verge of buying my first rental
I am on the verge of buying my first rental property, I am 18 years old and was wondering if I could get any feedback on how to get a tenant quickly and what steps to go through when finding a tenant. Such as a proper...
Paul D.
How to buy first buy and hold.
So I just put in a cash offer for a house for $40,000. House will need about 3-5k before renting it out. Pretty basic. However, how should I buy it?
I recently formed a LLC so should I buy it and deed it with...
Hae-Yuan Chang
Pros and cons of getting FHA from a conventional bank?
Hi everyone!I am trying to figure out the difference, if any, from getting an FHA from a bank like Chase or a mortgage team/lender/small company? I have a good history with Chase, so I'm wondering if that would help, ...
Charlie Chung
Borrowing via Owner financing - Impact on D/E
Hi, here's a question:If I have a choice in buying a house between conventional & seller-financing, are there any credit benefits to the latter? I.e. would future lenders calculate my debt-to-equity ratios in the ...