Lisa D.
Rental applicant seems hinky
I have a rental applicant who has a background check that is clear. His credit report has no debt, and no bk or other negative information but he does have late payments and one collection on a very small amount. Hi...
Dominick Alonzo
Buying 2nd home and DTI may be an issue
just bought my first house, my debt to income on the first house was closer to being an issue than not. What ways are there to get another property without over extending myself in the banks eyes and how to achieve a ...
Timothy Jacob Wallace
MHP Refinancing / Appraisal Question
I picked up a small MHP in January of this year. 10 park owned homes, 5 lot rent, empty spaces for added income in the future. There was a good bit of deferred maintenance that I'm done fixing for the most part, as ...
Karen Pendergast
Lender suggestions for HELOC on rental property
Does anyone have any bank/lender recommendations for setting up a HELOC on an investment property (in NC)? Thanks in advance for any suggestions.
Sasi Kumar
Single member LLC to multi-member LLC (partnership)
Hi,I am a newbie when it comes to LLC creation. Here is my scenario and the need to do it-"One main LLC is buying a few acres of land as investment next month. After conversations with main LLC folks, me and my 4 rela...
Account Closed
The house I just bought from a wholesaler is being auctioned
I closed on a house from a wholesaler last week. Today there was a notice on the door saying that the property would be auctioned at an upcoming sheriff sale. I left a voicemail with the settlement company to see what...
Joshua Allen
Out of state rental
So I have an out of state rental, that I am considering doing my own property management on. I currently have a PM taking care of it but I really really don't like them, plus I wound't mind the experience for when I h...
Joe McGovern
Question around HELOCs
Hello!
I'm a newbie from Iowa to the real estate investment world and am in need of capital to make my first investment. One of the options I've been looking into is using a HELOC on my primary residence. Before doin...
Tanner M.
If you put a rental in a LLC, do you need a business license?
This will be for a property in Jacksonville, Florida. I will establish the llc, then buy the property via the llc. I read some states require you to have a business license. I want to make sure that isn't required i...
Troy Otte
Lend personal HELOC money to personally-owned LLC?
Hello BP community. New to the site and first post. Given the recent changes to the federal tax rules/rates, I have a question regarding funding investment properties with personal (HELOC) money lent to my personall...