I've noticed a recent trend where HML are starting to ask for loads of documents (W-2's, Bank Statements, etc.) in order to qualify for loans.  On top of these documents they are now requiring the borrower to have a f...

Hello!As of November 2016 my electrical company was doing well so I quit my W2 job to work for myself. At the time I was working for someone else, I was growing my company on the side,and accumulating a few months of ...

Is it recommended to open up a business account with your bank before you start investing or can you do it maybe after your first deal and make sure this is something you want to do going forward?

I'm new to REI and these forums and looking for my first property(ies). I have found a few in the area that I am interested in, the problem is that the loan is would be too small on any of them individually for the ba...

Hello!  I'm looking at purchasing a $1.2m property. This property is 8.9 acres, has 2 warehouses and a fairly large paved parking lot. I plan to use 1 of the warehouses for my automotive business. I don't have enough ...

Hi.  My fiancee and I are looking to buy our first property.  We plan on buying a multi-family, living in one unit and renting out the rest.   We would like to know, if we are buying a one that already has units being...

On the lastest Bigger Pockets podcast (#383), Josiah Smelser mentioned that between him and his partner and their spouses, they had access for 40 Fannie/Freddie mortgages.
I looked into this strategy, seems that in o...

I've spoken to several bankers including some referred from The Short Term Shop about doing a 10% down vacation property loan and any time I've mentioned considering rental income they have all stated that if it's an ...

Hello! What would you do if you were setting up a Trust for your children and LLC? I want to make sure I have my head wrapped around this well, so that I set things up correctly for my children’s future. Here’s the st...

Hello again BP Professionals. thank you once more for the great responses on questions to info-hungry (new word) like me. I would like to know how do you verify somebody online that says they can finance your deal.  I...