I want to preface this by saying that I'm not looking into bidding on this particular property, but I have a question about this situation. I received a notification about a REO going up for auction on auction.com beg...

Looking for small community banks around town that will loan on rental properties. My first three properties were through Everbank. It was hard getting the third loan, which seems to be the case with bigger banks. Any...

Hello, BP!  I currently live in CA.  I'm having trouble finding commercial lenders for a multi-unit purchase in OH.  The problems I'm running into are 1)  Loan amount is too small (>300k).  2)  I live out of state....

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...

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...

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 ...

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...

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...

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...

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...