I'm trying to write a plan of where I want to be in the next 5 yrs and how i'm going to get there. Problem is, I'm realizing writing a plan is not as easy as it sounds. I have an idea of where I would like to be but c...
What does the BP community think about 1st lien HELOCs as a way to free up equity in your primary home for investment purposes? If anyone has gone through the process, can you give any advice as to whether you recomme...
Hi everyone, I am close to investing in my first duplex buy and hold property and have a few questions for experienced investors:
1. the duplex is currently owned by turnkey supplier.Based on BP rental calc, the num...
I've done a traditional loan to my personal name and I've done a straight commercial/business loan (5year) to an LLC for a multi family but I've never pursued a fixed rate longer term note to an LLC. I have a single f...
I have a potential tenant...Works as a "hostess" at a gentleman's club. Makes about 45k a year but can't provide formal proof due to the nature of the job being mostly tips. Has 2 kids and friend who makes about 26k a...
I'm in the process of acquiring a equity line of credit on my investment property. I am considering doing my own escrow and financing the entire property through the HELOC because the initial rate offer of 8.64% is hi...
Hi,Here is my current personal situation. I am recently divorced, took on a ridiculous amount of debt, have a credit score of 500, very little cash, about 3 months behind on mortgage payments for a property I am renti...
So, I scoured the forms, and I couldn't find anything on this. I would appreciate any thoughts you guys could share.
My thesis is: for certain individuals interested in buy and hold, it could make more financial ...
Hi - We're looking to invest in our first investment property and had a couple of questions..
1. With the property being an investment, what are the chances of getting a 5% down loan? If slim, what is the typical do...
This question is solely out of curiosity. Let's say I have a tenant for many years who is suddenly being inconsistent with rent payments, or an adult member of the household becomes suspicious, e.g., complaints are re...