Mahmoud Y. Elhalawany
How do you guys keep your capex and reserve accounts?
Hey guys how do you keep your capex/vacancy/repair/reserve accounts? Do you guys create a different account for each property to keep track of it better? Do you keep different accounts for capex and a different one fo...
Jenny Tai
Property under LLC - Tax and Banking Implications
I'm considering purchase a property using a LLC. I'm hoping to get more clarification on the following questions:1. How would the income and expenses from LLC be taxed for each member of the LLC?2. Are there special r...
Jared Burns
Anyone with HELOC experience?
Can anyone provide insight on getting a HELOC? Do you generally need to have an account with the bank that you're applying for a HELOC at? Anyone have experience with getting a HELOC from a credit union rather than a ...
Brian Walters
Seeking my first rental property
I'm currently seeking my first Rental Property. However, I more likely will not be able to produce the full down payment to make a purchase. I haven't found anything yet, but currently doing research. (I have more tha...
Steve French
Apartment deal, what's valid for a down payment?
Hiya BP peeps. I've got some HELOC money, though we're planning on moving across the country within the next two years, at which point the HELOC should be paid back (housing crash in Seattle nonwithstanding).Are thos...
Mike O.
Need Seller carryback advice?
I am negotiating the purchase of a multifamily apartment building (over a month trying to put together structure and find guarantor). In order to get the seller the price needed we are attempting a structure below...a...
Kellen Driscoll
Tampa, FL - 4 Plex Buy and Hold LLC Question
Hey BP,I have a situation where I need hard money in order to close quickly on 2 duplexes. I want to live in one unit but my hard money lender will only lend to an LLC. My thoughts are to create an LLC and buy the pro...
Chris Kemp
Best HELOC rates for primary and investment props
I am looking for the best interest only payment HELOCs out there for my primary residence and for some investment properties I have paid off and would like to have a HELOC in place should another deal arise. I like to...
Eden Safdie
PARTNERSHIP CONCERNS
Hey All,Ive got this deal i'm looking to structure with a partner. Its our first investment, and were going 50/50. Were going into a "C" class neighborhood and the numbers are as follows:Purchase Price: 39KRent: 850 /...
Mari Puga
The race for HELOCs and liquidity
Hello BPs!
For the past fewy ou days I have been thinking about this and would like to pick your brains. We saw this happening during the great recession and prior times; and with all the noise about a potential rece...