George P.
How does this sound?
Got off the phone with the local banker. Inquired about financing a 2-unit building with them (they originate the loans and sell it on the secondary market. I have dealt with them in the past with no problems).
They r...
Clara Lau
Bank Loan with someone else credit
Hello.
I have bought a single family rental last year and deed it under a LLC. I have a 50% private financing on it for 12%.
I am still building my credit rating. I would like to explore if I can partner with a fri...
Kevin Kachin
Research suggestions for presentation to potential multifamily investors
I'm going to be presenting to a number of potential investors who will be (equity) partners with us on multifamily purchases in the Chicago area. Does anyone have any suggestions as to what data/research (local and/o...
Shawn J.
Forclosures
I am looking at foreclosures and have some questions. But here is a scenario first. This is only one property described below.
: Property set for short sale at $285k --- on market for 3 months, No buyers...
: Prope...
Bryan Laufenberg
Umbrella policy vs. multiple LLCs
To protect my personal assets, is it better to form an LLC for each individual investment property I purchase, or to just get an umbrella policy?
David Drew
Taking Over Payments
Hi BP. I am a REI in Binghamton, NY. I'm currently receiving a good stream of leads for owners who want to sell their homes. What I'm finding is that many of them are either under water or have a mortgage owed whic...
Tim Schroeder
Accounting for rental property startup costs
My properties are short-term vacation rentals. To get a property ready for guests, I spend a significant amount of money (10-15k) in linens, mattresses, small appliances, rugs, decor, soap, coffee, etc. Also minor rep...
Maximilian Glodde
Homestead Tax Exemption in MA
Hi All,I currently own a rental property that I lived in for almost 3 years. I moved out last year in August and have approximately 2.5 years left to sell it and realize a tax free capital gain. Question is, does anyo...
Keith Sagun
Certificate vs License
What’s the difference between having a certificate in real estate vs having a license ? I was planning to get my certificate first and then the license eventually, but is it even worth to go for certificate first ? Or...
Eric Braxton
Strategy on buying points
Hi, I would like to see what others strategies are when buying points to lower a mortgage rate. I know that buying points will lower the mortgage and create or provide a bigger cushion to cash flow. But how does every...