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My Mother just inherited $2M through my father's estate that she is looking to invest to create cash flow to live off of. She does not want to invest in rental properties, syndications, stocks, etc. She is completel...
After flipping a few properties and acquiring some buy and holds on my own I opted to start a LLC. However the LLC currently has no funds in the account and the bank told me that if I was to transfer any of my own mon...
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Hi everyone
Can someone explain to me from start to finish how does a HML work? I always get scared when someone suggests HMLs... I literally think of loan sharks or getting your house or assets taken away from you w...
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I was served with an eviction for late payment of rent and we had court December 4th. We both showed up but the landlord stepped out and when the judge called for us she didn’t come back in the room so I was asked how...
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Could someone help me better understand the typical terms of a HELOC. I know what it is just a little confused on some specifics. Once I use money from the HELOC, what are typical payback terms? Aren't they short t...
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I need help. My family owns a property in Illinois, paid off. They want to buy a property in Ca. so they want to sell it to get enough for a down payment. They ask me lend them the money. I have the money to pay f...
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$48,000 HELOC taken out of rental property #1. Bought rental property #2 with HELOC, spent $26k of own money for remodel, property is cash flowing ($1100 rent-$142 HELOC interest only pmt-$60 insurance=$898. Estimated...
Hi Guys: My name is Ed and I just joined BP. Started investing at 21. Now I have 13 properties working on 14 and 15. I was able to quit my job as an engineer when I was 23 almost a year ago. I buy cash flow propertie...
For the last few weeks I have been listening to the "Bigger Pockets Podcast" when I'm working. Currently I'm 18 and I own a lawn care business. I have been looking at real estate investment properties that have been l...
I'm aware that there are a few people on this site that have successfully built up rental portfolios by having passive investors getting a stated return on their money. I want to educate myself a little more about th...