David Pimenov
Offshore trust anonymity
Under what circumstances can a u.s. citizen have an offshore trust where the govt cant tax money on the funds inside the trust and at the same time cant look into the origin of such funds as long as a foreign citizen ...
Joe Nelson
Primary Home equity access???
Good morning everyone, I am curious about pulling equity out of my primary to have down payment funds on some turnkey buy and hold properties. I am looking at 3 different options to consider: 1. Traditional HELOC, 2. ...
Yvonne H.
Late fee dates when using electronic payment systems
For those of you with experience using online payment systems that use ACH, such as cozy, appfolio, etc:On our contracts, rent is due on the first, but late fee is only assessed if paid after the 5th. WIth that in min...
Cortez Wilson
Funding Rehab Cost for BRRRR
Hello,I am trying to do my first BRRRR and need some help on figuring out the best way to fund the Rehab. I purchased the property cash and it needs about $40K in renovations. I’m not sure if I should use my own cash...
Boris Peyzner
Unsecured Business Line of Credit -
Has anyone successful obtained an unsecured business line of credit for an interest rate that is closer to single digits? If so, can you share both the financial institution you worked with and how you went about g...
Michael Bertsch
Lender reserve requirement
Hello BP community! I have a question about the 6 month reserve required whenever you finance a property. Could I take cash from my HELOC, transfer it to my checking/savings account, and that be my reserve? After fina...
Eric Kreiger
Multifamily Value-add from Tampa, FL
Hello,Recently joined Bigger Pockets website, been listening to the podcast for a little under a year now. Live in Tampa, FL working for a private equity real estate fund. Interested in creating a personal portfolio w...
Lindsay Stewart
Advise on sourcing Private Equity Lenders
Hi allWant to get a little advise on sourcing private equity lenders. I have predominately purchased all my properties for cash, being a "foreign investor" to the US, this was the easiest way.I have had a number of l...
Michael McIntosh
Michigan - Security Deposit Escrow
Hello BP! I finally closed on my first rental property in Michigan and have what I think is a fairly basic question.
Does a separate bank account need to be setup for each security deposit? Or, can this be deposited...
Marc S.
Getting my 1st property!
Evening BP,I am about a week away from closing on my first property, excited, nervous, and sick all at the same time lol. I got back my appraisal and it came back $15K over purchase price. I'm pretty happy about that,...