Account Closed
Taking Money Out Of 401k?
I have been putting 10% into my 401k from my full time job. Being only 22 years old, I am still learning how to invest my money. I started to flip houses with my father this year and we just finished our first house! ...
Coleman Nelson
P&L Report Including Vacancy and Loss to Lease?
I wanted to see if anyone's property management software provides the option to run a Profit & Loss/Income Statement that shows the breakout from Potential Gross Income to Effective Gross Income, including vacancy...
Satha Palani
Change ownership structure and financing - multifamily
My wife and I own a 3 family in Newark NJ that we bought using an FHA loan (3.5% down) 3 years ago. We currently live in one unit and rent the other units out. I have a loan balance of approximately $410K and pay $270...
Amul Sutaria
Need advice about financing
Hi BP'ers!So I am looking at properties in the 70-90K range (in PA) that I want to buy and hold. Problem is, the family member that told me they would let me use their HELOC no longer wants to help. OK, fine. Time ...
Liz Brumer-Smith
Investing in Commercial NPN's
I'm a NPN investor and up to this point have only worked with residential notes. I understand that niche of the industry to a pretty high degree but feel completely lost when it comes to commercial. I've been getting ...
Annette Hibbler
What's Your VantageScore
I recently heard about VantageScoring and did some research. Thought I'd share what I found here with all of you.
What's Your VantageScore?
Since the 1970’s credit bureaus have used FICO scoring as the main model...
Kirk Gore
Is it in an agent's scope of work to assist a seller in eviction?
I recently found a motivated seller through my marketing who has a house in my city that he needs to get rid of. The house is in the seller's name and he wants to unload it for what is left on the mortgage which is ro...
Chris Stromdahl
Refi/cashout? Having a hard time wrapping my head around it.
I understand the concept, but how does it work?fter I refinance, what am I cashing out?In what form dAoes the cashout come?Cash in the form of a check?A line of credit at the bank that can be used in any way I decide?...
Chris Seveney
Have Not Seen This Before - 2nd Position Note
Here is one where I have reviewed this with 4 attorneys and none of them have seen this. A HELOC on a property whereby the seller sold the property and the lender agreed to a short sale. For simple terms lets say the ...
Charlie Miner
Existing Tenant Wants to Break Lease
Hello, I have an existing tenant who wants to break their lease. The lease (I inherited) states they are still responsible for any remaining rent obviously. My initial thought is to ask them to be out by X date and wo...