Lea Hong
Do any of you successfully open a business account with Mercury?
Hi, I currently don't live in the US and I don't have a status either. It means I'm non-us citizen nor permanent resident, so I can't open business account with bank like Citi, BOA etc. I tried to open an account wit...
Sebastian Heretyk
First deal, lost in financing
Bigger Pockets writing here to seek help and advice on my first deal.I have officially came under contract for my first deal, I plan on using the BRRRR strategy.I have the property under 105,000 and compared the ARV o...
Robert Del Rosario
Looking for opinions about this SFR deal ...
1990 Manufactured SFR (1248 sq.ft)
3 bed / 2 bath
$49,900 asking
$31k~ comps (only a couple sold in the past year like this property)
$800/mo in rent (Lease ends 9/30/13)
Owner willing to carry 15 year ...
Ryan Muska
Black Friday - Market Discussion
Happy Thanksgiving, everyone! Make sure to take advantage of all those Black Friday deals now!A brief summary of what we have seen in the past weeks and some pointers to discuss on:- Rates have dropped ~.75% MOM ->...
Samuel Odewale
Purchase a property through seller finance in an IRA
Was wondering if someone has experience purchasing real estate with a seller finance strategy in an SDIRA. Searching the forum, most of what I see discussed is selling property owned in an SDIRA.Will appreciate if the...
Jeff Ray
problem?
Hello,I have over $200k in an IRA. Due to the recent recession, I short-sales two properties two years ago.I kept one rental property which has a few hundred k in equity.I have an opportunity to buy a home which I cur...
Jasmine Claye
Bank Loan on a Rental home
I am thinking about purchasing a home. Initially I thought about using it as a primary home however, now I am thinking about using it as a rental. Would the bank know I am using it as rental if I got the loan with ...
Shawn Dandridge
Bank Owned 4 Plex
I called a small local credit union yesterday about a REO they have. It's a 4 plex, not sure if any of the units are rented are not. I plan to do a drive by tomorrow. I asked her would the bank be willing to financ...
Micah P.
Advice on Tax effects of setting up LLC with an equal partner
Hey all, new member here! A partner (non-relative) and I are currently looking to acquire our first property and had some questions about the most efficient way to structure our business. We will be putting up equal ...
Tony Tomasek
Hard Money Lender that wants to L/O to investor?
Just got a contact that has hard money to lend but will want to structure the deal as a lease option to the investor. I have reservations about this structure, but it may come from inexperience with l/o format. Term...