John Malahay
Los Angeles or Orange County: Establishing a business account
Hello So. Cal Investors. I need to open a business account. I have tried starting one up with Chase but they have that monthly $1500 minimum which puts me out of budget since I'm just starting out with my REI busine...
Brad Meyer
Partnership Structure
I have a question for you guys regarding how you set up your partnerships, especially involving multiple partners. Let's say that you've set up a single member LLC that you use to run your business expenses through a...
Jeff Wilson
Tenant didn't pay up before leaving
Hi, I have a tenant who didn't pay the remainder of his bill (about $1,400) before moving out. I have his phone number, SSN, and an address that he said he was moving to. However he does not answer his phone or call...
Darren Lenick
Are club equity communities dying?
I’m new in the South Florida area and noticed that in certain communities there are mandatory club equity membership purchase requirements. Most of them seem to be in the $70k range with another $15k-$20knin yearly du...
Conor Kearns
HELOC Options? Here are my numbers...
Hello BP Forum,
I have property coming up on 6 months of mortgage seasoning. I am wanting to use a HELOC to pull out around 20K, however, I am running into issues finding a institution offering HELOCs with less than ...
Sara S.
Is financing a possibility without a job?
Any ideas or advice on how it might be possible to finance the purchase of a single family house as an investment property without a job? I have 25% for a down payment, the house is $40K, my credit is excellent, and h...
Enrique P.
Is my lender being honest re: rates?
Hi all - In the process of purchasing our first home and had a question re: mortgage rates - I got a preapproval at 2.9% from Chase when my score was 760 and my wife's was 720. I'm now under contract and WE have zeroe...
Ellis San Jose
Creative aquisition help: HELOC question/ Sub-2 Master lease
I am considering either acquiring or master leasing a property from a seller/owner.There is a HELOC in 2nd position w/ $51,000 balance but has a maximum credit line of $350k.I would like to leave the loan in place if ...
Craig Garrow
Using IRA money to buy a triplex?
I've got about $10K sitting in an IRA account that my employer and I both contribute to. Is there any way to pull some money out without too much penalty to use as a down payment on a triplex I'm looking at?
Kimberly Blaire
Personal Line of Credit to purchase a house in 'Cash'??
Hello! New investor over here with (likely) silly questions. So I have access to a line of credit that is large enough to cover the purchase price and renovations of a single-family home. I just learnt about the BRRRR...