Account Closed
Need your help on Financing/Refinancing Scenerio!
Currently we are rehabbing homes using private money taking the profits from the rehabs and using them for a down payment on cash flowing rentals. We currently have 9 rentals and 1 primary single family homes. This pu...
Alex Locklear
Mortgage Debt Relief Act
I want to understand this completely.
Is this stating that if a home owner has received a tax deficiency for a house that was short sold, but lived in the home for 2 years, they don't have to pay this?
Thanks
Anthony Theokary
How lending works?
Hi. I bought a property recently in South Philly. I need about 60k from a lender to put on a 3rd story addition along with the rest of the house being a total gut. (I have some funds also). I don’t exactly know how ha...
Sam Green
Getting a loan for an LLC and building corporate credit
If I were to open up an LLC for the purpose of buying property, how would I get a loan? Are there lenders that deal exclusively with LLCs?
Vassili Gerontas
Advice please!!!!!
Hello all BP people!! It's great to be on here. Look forward to all the advice and stories i hear and tell. We are from Edmonton and we have a mortgage free home. So I feel now is the time to take it to the next level...
Ryan Mapes
Best credit cards for multifamily investors?
What's your favorite credit card/charge card for funding renovations or other purchases on your multifamily properties? Looking more for business cards or lines of credit since spending will be $50K+ per month. This...
Brandon Hopkins
Have cash and equity, what to do?
Hey all! I currently own a condo and a SFR out of state. Both were purchased last year as investments. I paid cash for the condo and put 20% down on the SFR.I want to increase the number of properties I own in order t...
Lea Morgan
Need help in buying other rentals
Hello to Everyone, I am a single female mother looking to retire in the next few years from my rental income. I currently own two single family homes free and clear and collect $1,300 monthly from the two. I have just...
John Salgado
Rusted Exterior Sewer Main Line, Replace?
I am in process of purchasing my first MF house and one of the notable items on the inspection report was the sewer main which is heavily rusted on the exterior. The inspector was able to scrape off layers when takin...
Lisa R.
HELOC question
Hello. I am just starting out, with very little to no money. I am buying my first house, will be living in one bedroom, for around $175,000.
Can someone explain to me how a HELOC works? Do I have to have equity built...