Jake Brown
DSCR and Loan Covenant Question
Hello, I am buying a 6 unit property. I recently received an LOI from a bank for a commercial loan which states that I have to have a global cash flow ratio of 1.25x and a subject property or borrowing entity cash flo...
Tina Lee
tenant pay rent late twice , last payment come from someone else
Hi all, my tenant pay rent late twice , last payment come from someone else a guy who is not in lease ( since I let her pay me using zelle account) and I have texted her to reminder her to send me late payment and to ...
Antonio Paz
HVAC issues after 4 days of purchasing home
We just purchased and closed on our house on may 9th. Four days later we are having HVAC issues to the point where we need to completely install a new system. Does anyone have any advice on how I should move forward? ...
Matthew Kelm
Hard money lender wanting an upfront payment
I was on BiggerPockets FB page and seen a hard money lender posting an offer of loan services. I contacted this person by the email that he provided. He asked for various types of documentation and sent me a loan appl...
Kyle Jeane
What to do with properties when I'm gone ?
I'm an beginning investor and my wife asked me what would she have to do with our properties if I died?
What is the best company structure to hold properties in so that if I died someone could then take and manage o...
Mary Jay
Wyoming LLC- anonimity for other states?
Hi guys,So Whyoming LLC does have anonymity, but how does it work if the property is in a different state, one still has to register that Wyoming LLC with the state that the property is in.Does it mean that the anonym...
Nick Bruckner
Sellers Risk in Creative Finance deals- Have you seen buyers default?
I talked to a potential off market seller last week who owns her six unit apartment building outright. Building is immaculate in Fairview (c+ area) with a strong rental market, but relatively low sale value if she sol...
Dan F.
Vallejo or Richmond?
Does anyone have experience investing in either of these areas? I'd love to chat with you.
Kevin McGevna
Printable Daily Time Log - Set For Life
Hey fellow BP members,I was recently re reading Set for Life by @Scott Trench and was wondering if anyone knows of a printable version of the "daily time log" that he mentions and outlines in the back of the book? Or ...
Aaron Smith
HELOC on rental property
Hi BP,I'm nearing the end of a 4 unit condo conversion in Washington DC and looking to hold the condos for the long term and take out HELOCs on them. Only issue is that banks and credit unions rarely offer HELOCs on r...