Daniel Fisher
Personal loan for rehab
I am ramping up the real estate investing and I was considering the idea of taking out a personal loan to do the rehabs on my properties then refi after. My wife and I are good at negotiating owner financing on a ball...
Mike Landry
Interest tracing rules???
Can someone help me out with interest tracing rules in my situation.....I've read a few things and Im just confused. Here is an example. Lets say I have 200,000 in my personal bank. This money I specifically alloca...
Mike Aschettino
Transferred properties with personal note to LLC, need insurance.
Hi, Have a meeting with my lawyer shortly but hoping to get some advice on the forum in the short-term. My wife and I transferred our properties to an LLC we started back in January. We are 50/50 owners of the LLC, th...
Max T.
Credit Line as Reserves
Hello everyone,What are the collective thoughts on having a line of credit instead of actual cash reserves?I know it sounds ludicrous! Cash reserves are what get you through those times when all the Capex comes down o...
Jim Bryant
How much leverage are you comfortable with?
So I tend to be really conservative and don't purchase another property until the last one I bought is paid off. This is a bit easier to do since my area has really cheap housing. However, I'm starting to think mayb...
Morgan Martinez
Upkeep on rental properties.
Hello all, I have one rental property under my belt and coming up close on closing on my second property which is a duplex. I’m thinking about providing a cleaning service and lawn care service with no choice, to ensu...
Robert Sapienza
Offering AS IS on a house
I'm looking for anyone who has any personal insight on a similar situation to this one. Submitted an offer on a house (investment property) and written in my offer I included that the offer would be taking the house a...
Jake Calle
I've never owned a house. Where do I start investing?
Hi everyone, my wife and I want to do our first investment in Real Estate. We were told that there are First-Time Homebuyers grants right now that give you about 30k to purchase but you must live in that house for at ...
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Dealing with hardmoney lenders
Dealing with hardmoney lenders
Where to draw the line
Assuming the following expenses in a Real Estate Retail Transaction from end to end
Buying a property expenses
Purchase price
+ Acquisition Expenses (Purchasing...
Levi Atterberry
Financing advice for newbie
Hey there everyone,I’m trying to get into real estate investing but I’m having a hard time with financing. I contacted a lender from a large bank and she told me that since I have never owned a property no lender woul...