Charlie Austin
How to invest with OPM on residential properties
Hi BP community,I've been RE investing for about 12 months now. Own a 4plex, 2 single family homes, and am looking to continue investing. Recently I've had friends & family express interest in investing with me in...
Jen H.
Ever heard of LoanStream based in Southern California?
hi everyone. So I need help with this one. I went through the process of getting prequal to take cash out of one of my rental properties. I was told LoanStream was an asset based lender and that as long as I owned 4 s...
Harvey Gronwald
Possible Flip - But the owner is Deceased
I have a potential flip and the number look good, the problem is that the owner has passed and the son has the signed Will. The WIll states that the property is to goto the son and another person. The son has not exec...
Amanda A.
Noobie here: Should we invest with the in-laws?
My husband and I are newly married (2 months) and the only experience we have with real estate is the current home we live in that my husband bought 5 years ago. My husband's parents have come across a house they'd li...
Jessie Dillon
Commercial loans & personal guarantees
Hi all! An interesting question has come up in my circle & wondering if anyone WORKING IN commercial loans can answer this for us: Example:A new LLC is created for a group of people to purchase a property in. Owne...
Don Harris
Default borrower has offered to quit claim deed back
I have two notes in default. I've done multiple transactions with both borrowers. One is in a judicial state and the the other is in a non judicial state. In both cases the borrowers have offered to Quit Claim deed th...
DyQuan Bowers
Buying Smaller Properties First
If I wanted to start out buying cheaper properties around $50-$60k and putting them on section 8, will buying them through an LLC keep my DTI ratio from being affected? Will this have an impact when I want to go and b...
Brian W.
Question about ability to pierce corporate veil with real estate held in LLC
If I buy a single family home to rent out in my name with a mortgage in my name, then quit claim the deed to my real estate LLC with the homeowners insurance for that property in both my name and the LLC's name, will ...
Mason Clark
Property Expense Estimates
Just wondering if I am missing any annual expenses for our property. Here is what I have:TaxesInsuranceSnow/lawn careUtilitiesTrash removalWindow CleaningCommon UtilitiesMaintenanceCAPEXVacancyI keep feeling like I’m ...
Rachna Rustagi
LLC Question
Hi,Which bank allows to open business accounts for LLCs (say LLC B,C,and D) held by another LLC (say LLC A)?I currently have citi accounts. The bank manager said that citi bank only allows business accounts for a L...