Gary Nicholson
Construction loan then convert to 10 year mortgage?
Hello,
I own some property close to a very popular national park and it is also very close to a small tourist town that is near this national park. The town alone gets hundreds of thousands of visitors a year and well...
Luke Moses
Trademark Infringement Question
I just received a letter from Neal & McDevitt, intellectual & marketing attorneys. They say that my business name "Principal House Buyers, LLC" raises a likelihood of confusion for Principal Financial Service...
Bill Hughes
Commercial vs Personal Loans
Hi all, I am just getting started in REI. I have a reno just completed and tenants ready to move in. I had planned to BRRR his one. I also just purchased a second home for reno that might be more qualified for a fl...
Nadir M.
Tenant running business
Good afternoon Did a yearly walk-through with one of my tenants and I found that he is running a business in my property. This is a clothing and shoe business so nothing illegal to my knowledge. I believe he is runnin...
Account Closed
Refinance Primary Residence to Fund Downpayment?
We have been in our primary residence for 8 years and, after a call with the bank, I can access around $125,000 of equity. Assuming 25% down, I have around $500,000 of purchase power. This would be accessing around 50...
Garrett Stembridge
Finance Strategy Question
I owe $100K on a rental I own in my name and also have approx $100K in cash. I’ve been wanting to star an llc and move it under that, but I would burn my cash reserves to do it. Would it be better to just keep it a...
Justin Kerstetter
Question on financing a owner occupied property turned into LTR
I am a disabled veteran and my wife and I purchased a SFR with intent of turning it into a LTR this coming April. At that time we will have occupied the home for 1 year. I used my VA loan to purchase the home for $270...
Joshua Morency
New Investor Coming to NYC Looking to House Hack
Hi everyone,I hope you are all doing well. I recently accepted a job in New York City and I am looking forward to moving in! That being said, I would ideally like to house hack but realize that this may be a significa...
Dan Handford
Turning Over Multifamily Units - What is the standard?
I was shopping an apartment for a syndicated investment this past week and was drilling the property managers on various topics. One of the topics that I have been getting a wide variety of answers is when I ask the q...
Vickiel Woodard
Tenant proof floor coverings? getting the most bang for the buck
Hey BP, I'm in the process of rehabbing a rental and wondered what flooring was best for low income rentals. In my area 3/1 rents for $600-665. The unit had carpet in it previously but I'm going for something more d...