Mackal Smith
Don't overlook the national banks
I hear it all the time. "You really need to use smaller banks because they can provide portfolio loans they keep in house and can be more creative". I think that is probably true for the most part, but for an investor...
Tom Stewart
New Indianapolis Investor Looking for Financing References
Hi All - First time poster here! I've been monitoring BP for quite some time, listening to all the podcasts and reading everything I can about real estate investing. My wife and I live in Chicago with the intention of...
Mike Hanneman
Starting a business
To make sure that I get this right the first time I'm trying to gather as much information as possible about offially starting a REI business. What are the steps to take? I will have an LLC but not right away. I'm als...
Rogelio Jovial
Doubt about refinancing a mortgage
Hypothetical scenario: A person is paying $1744 per month and his balance is $193295. What income should he have to refinance the mortgage? He has a couple of car loans and credit cards. What should also be taken into...
Elice Jackson
Suggestions for Funding First Rehab
Hello BP Community,After a year of researching real estate investing I've finally had the guts to put in an offer a property and much to my surprise my offer was accepted! The property is a SFH, fully gutted (the prev...
Justin Koehn
NW Triplex Deal Structure and Entity question...
Hi BP!I just found a cash-flowing Triplex in my area but I don't want to finance the entire deal myself. So, following Brandon's lead, I am looking around my network for partners to lend me their lend-ability, ie, I n...
Kevin L.
Should I Accept a Potential Tenant That Has Low Income?
I am screening for potential tenants and so far, I have found one potential tenant that is the most qualified. However, she has low income ($56k), but an excellent credit score (750+) and a lot of assets ($1MM+). The ...
Luke Davis
New to the market. unsure about first deal
Hi everyone, I'm 24 years old and i have about 15k to put into real estate & good credit i live in northeast pa and i would like my first deal to be within reasonable distance from me. I found a duplex and other d...
Mike Schorah
How many banks did you call before you got a cash out refi?
How many banks did you call before you were able to get one that would do a cash out refinance on your BRRRR? I don’t understand why some people have such a difficult time finding bankers to do a cash out refinance. S...
Kevin T.
New Construction Investment Sell or Keep as Rental
Hi,
I was hoping to get some advice on what other people in my situation would do.
I have been under contract on a new construction home since April 2021, which was supposed to be my first rental property. It looks ...