Mark I.
Quick question for you guys buying with LLCs
Purchasing a property in another state, Michigan, and I'm being told they need my operating agreement for the purposes of creating the deed and for escrow "to ensure I have the authority to sign". In my home state I h...
Johnny Khoury
Buy 1 Cash or 3 Under a Loan
HI guys,I have enough money to buy 1 home out right, But I know it makes a better investment if I use that money to buy 3 with a conventional loan instead.My problem , is that I already have 5 mortgage loans under my ...
Robin Cox
verify retired folks income??
Hi everyone!quick question about verifying a retired persons income. He lists $5700 and states "retired". How do I verify that? I assume some is SS. He's retired after 30 years at a paper mill so some may be from ...
Helena Goyvaerts
BRRRR - Experiences with the refinancing part for non US-citizens?
Hi guys, We're landlords here in Belgium, but are planning on investing in our first BRRRR in Detroit soon. For the refinancing part, we're wondering if someone has experience with loans for non-US citizens? What are ...
Charles Mangum
preapproval or prequalification on 16 unit offer
I am going to put an offer in on a 16 unit for $500k. The property just came back on the market and i would think the seller would want to see a prequalification or preapproval letter from the local bank I've been ta...
David Sirmons
Transactional funding....
Does anyone have actual use with this? I understand the overall process, whereby the A to B close is funded by X company for a small profit. It allows the B to C close to happen. However, I'm getting mixed messages ab...
John Brandenburg
Local Bank/Banker to develop relationship with?
Hi Raleigh BP community!This is my 1st post on BP and a little nervous about it... but I hope I'm not asking a stupid question. I was hoping someone would give me their advice about finding a local bank/banker to wor...
Bob Basting
Need some foreclosure education
Good day, everyone. I thought I'd introduce myself instead of simply lurking. I have found a ton of great information on the forums, so I think it's time to just jump right in.I've recently located a house in my area ...
Chris Jackson
First Deal, Workin on #2!
I just closed on my first investment duplex yesterday. WAHOO! Here are some of the highlights:The bank financed EVERYTHING: They gave me a mortgage for 75% of the price and I was able to use my Unsecured Line of Cre...
Louise Whidby
Equity definition in RE
I don't understand the term Equity. Can someone please break it down in RE wholesaling terms. I looked up the definition and this is what I got..... The difference between the current market value of the property and ...