Jordan Coates
Using Home Equity Line for Down Payment-I need some advice!
My wife and I are new investors with one single family rental in our "portfolio". In my area there are a lot of $80,000 or so homes that can be bought to rent at $800-$900 per month. The cash flow on these deals (wh...
Steve L.
Who do you bank with and why?
I am debating if I should change my primary bank but I am still unsure.
Currently, I bank with US Bank. They have a good online system, you can see scanned copies of the front & back for checks and the front &am...
Aaron Hale
NE Ohio money pit has us in a jam. Ideas please.
Hello. BP,We’re scraping the bottom of the barrel to get this project to the finish line but are coming up short and I’m worried about what will happen when I apply for a cash-out loan. Let me give the scenario and I’...
Cheree Harris
Tax Question for Rentals
Applied and was approved for a guidance line of credit in my personal name before starting a real estate business with another party. Closing on the home next week but payments will be made to lender from company acco...
Joseph R Fornwalt
Syndication and raising capital
So Id like to hear from some people that have syndicated or have raised capital to fund deals that they've either found or created. I understand that having a piece of real estate, where the numbers work, is key to ha...
William Huston
4plex deal: Teach me ole wise ones....
I have only ever owned SF rentals and those were mostly just houses i wanted to live in while stationed there and then turned into a rental once i left the area. Im trying to expand into MF and wanted to bring up a de...
Dan Gongora
HELOC rental property
Hi there,Does anyone know of a lender that will do a HELOC on a rental property in IL? Property is located in Aurora, IL. Chicago, IL basically Chicagoland area.
William F.
Can I talk to a contractor in the Rust Belt sometime tomorrow?
You guys are like sorcerers to me, and I have some questions on apartment building work in your area.
Things like:
1. What are some things specific to 'the North' that you see often?
2. How do I work with a contract...
Alan K Auman
Using a 401k loan to buy sfh rental property outright,then doing a refi to pay off 401k laon. Anybody have experience with this strategy?
I want to buy a sfh rental using my 401k. Essentially I want to be my own private lender by loaning myself funds out of my 401k to buy the property free and clear and then do a refi 6 or so months down the road in ord...
J Valansi
First deal, 2/2 condo in Pompano Beach, Florida
I'm about to sign an offer contract, for the first time. I just want to run the numbers through someone before signing.The numbers: Price: $105,000
Down payment: $21,000Expected rent: $1,250.00 (tenant already rentin...