Account Closed
My first flip- Profit: 19,100
Hey everyone, I finally was able to put my deal under contract (again) and we are scheduled to close on May 6. Even though I feel happy about the outcome, I could have done a better job with the design of the flip whi...
Larry K.
How to refi a rental without a W-2 type of job?
As I have heard, traditional lenders (banks, S&L's) want you have a W2 to refi a rental (ie long term 30 years, 75 LTV, 5% at this point in time).
What are your options if your employment situation changes? Th...
Alex Hal
Heloc terms on 150k loan and using money from it as down payment
I want to take out 150k heloc from my primary residence in nyc for some of the monies to go towards down payment on investment property (enough ltv left over). The primary note lender, a credit union, is charging a...
Michael N.
Personal lines of credit through Seed Capital - Is this legit?
Hello. I am new, and looking for some information on Seed Capital. Has anyone used this service?This service offers to find me multiple lines of unsecured credit, at 0% APR for 12 months, through personal and business...
Peter Sik
Low credit score but with co-signer
I don't have much experience to determine if this tenant is good. So, post here to see what do you think. I got this email from my PM, and i think her credit score is too low but she has co-signer. Other then that al...
N/A N/A
Who Do You Use For Credit Checks?
Who do you guys use for credit checks, background checks, and eviction checks?
Is there a company out there that does these for a set fee, without all the other fees, like monthly fees, or a set up fee? I just have a...
Malik Ali
Building Business Credit
Is it best to build business credit to use business cards as a form a of a down payment on closing costs in escrow? Can you not use personal credit as form of down payment? I know there are multiple ways but with grea...
Joshua D.
When calculating COC ROI and Cashflow? Help please
So when using the rental property calculator on BP. I notice when i pay more cash for the property my COC roi goes down obviously and my cashflow goes up. Now when i buy my properties i use lines of credit from my exi...
Evan Higashiyama
Seeking Help/Guidance on next steps after recent purchase/rehab
Hi All,
Long time follower, first time poster here. Thank you in advance for the feedback! I bought my first home in April 2021 and have been fixing it up myself/with contractor friends/other contractors. I moved in ...
Rachid B.
Rentals spreadsheet to keep track of expenses
Hello,
I recently closed on a second rental property and I am looking to be more organized to keep track of my cash flow . Ideally I am looking for an excel sheet to monitor my monthly rentals and any expenses (mortg...