Lucky B.
Should i create a new LLC,or pay the reinstatement fee on SUNBIZ?
Guys i need help here. I formed a LLC company in 2015 and i let it automatically dissolve last year(2017) by not filing an annual statement on Sunbiz.org. i did it on purpose because i was planning to sell my only ren...
Christian Anouge II
Chance to buy LTR with 100% financing - good idea?
I have an opportunity to buy 7 long term rental condos in a strong rental area. Broker said he can get me a loan for 70% of the purchase price at 5.99% and then pull the other 30% from 3 units I currently own free an...
Russell W.
GRM vs. Cap Rate
When determining the value of a 3-4 unit property, which is more useful- the Gross Rent Multiplier or the Capitalization Rate? What do you guys prefer? Why? I'm looking at listings to practice "running the numbers" ah...
Don Jackson
Renew HELOC - Debt to income ratio too high
Hello BP folks,I currently have a HELOC that is 10 years old and is expired (I can't take any more money out of it, just pay it down). It is with Chase bank. They contacted me and asked if I want to get a new HELOC. M...
Justin Elliott
Made My First Offer
It wasn't excepted but I feel it's a success. I've spent the last year or so getting ready to invest reading books saving money etc. My question for those of you that are experienced investors is would it have been...
Michaela Cephas
Airbnb Based-STR: To Buy or Rent
Hi! I am currently a new homeowner who put $80,000 down on a $200,000 house in Greensboro, N.C. I have just recently gotten in to short-term rental via Airbnb. My first full month I made enough to cover the mortgage, ...
Lisa Montana
Do I need to give a reason for not renewing lease in Baltimore?
Hey everyone,I'm sending a notice of non-renewal of lease to some tenants in Baltimore City. Does anyone know whether Baltimore City requires me to state a reason why I'm not renewing the lease? The tenants are expect...
Gary Headrick
AAG experience with payoff.
Had a private mortgage with a client who wanted to do a reverse mortgage through AAG. Took 3 weeks for them to close the loan after they had all the information. Additionally it took 4 days for me to get my money with...
Benjamin Cohen
Looking for a Chicago wholesaler
Hey everyone,My girlfriend and I are currently in the market for a 3-4 unit property ($480k or under) in the Chicago Humbolt Park / Logan Square / Belmont Gardens area and after 5 months or so on the MLS / open houses...
Lee Gierszewski
Inherited tenant/lease issues with sellers paying me deposits
I recently purchased a duplex. One unit was vacant, one unit has an existing tenant. I've already put the existing tenant into a new lease so that is not the issue. The issue I have is with the former lease. I was und...