Luz Domingo
Business credit builder
Hello BP, Our LLC is new and we can not be qualify for a business line of credit. We already open a business account under our LLC name. I was told by someone to enroll in a company that build business credit for n...
Account Closed
New BP Member in Phoenix
Greetings BP-ers!
My name is Ken Baer. I was born and raised in Phoenix and I still love living here. I'm a golfer so where else would I live!?!
Currently I work as a Project Manager for Dignity Health, a hospital...
Liam Galbraith
How To Get a Mortgage Under Your Name With Outside Investors
Hi BP Members,I would like to purchase a multifamily property through a partnership deal with an investor. My investor will put up the capital for the down payment, but I would like to take out the mortgage under my n...
Ben Grubb
Self directed IRA and leverage
I understand the concept of leverage- using someone else's money. But do you flip the script by using a self directed IRA on if a deal works. My thought is a SD IRA basically gives you alternative to stocks. If I a...
Zachary Coombs
Second Purchase with low/no money down.
Investment Info:
Single-family residence buy & hold investment in Waynesboro.
Purchase price: $50,000
Cash invested: $50,000
Listed for 75k, offered 50k cash to close in 2 weeks. Had tenant with ...
David M.
Employer 401k to Solo 401K
Hello All,If you roll your employer sponsored 401K into a solo 401K, I'm assuming that any profit/cash flow must remain in the 401K as well, correct?Meaning, if my primary goal is to replace $dayjob income, then inves...
Jeff Smith
Tax Deductible for HELOC from an Investment Property
Hi BP friends,I applied for a HELOC on my investment property, and I'd like to use it as contingency fund when I need to invest in another investment property in future. May I know if the interests from that HELOC is ...
Aaron P.
Refinancing to payout investors?
The idea is this:
Gather investors to build a down deposit amount, pay them a % interest rate for 5 years. Get a 5yr 30yr-amort mortgage and carry the mortgage until that 5 yr term is over.
The question is, can I re...
Gaspare U.
How much do you set aside for Maint/CapEx/Vac. (NOT Percentage!)
I know a lot of people on MF use anywhere from 20-25% set aside between Vac, Maint and CapEx (trio) which is fine. My question is, is there a level you are comfortable setting aside? Let me explain via an example.Let'...
Mark S.
HELOC Arbitrage for Down Payment Next Rental
Considering some HELOC arbitrage and essentially buying next rental property with practically “no money down.”AHP Servicing: 10% preferred returnCurrent HELOC Rate: 4.49% variableAHP net return: say 7.5% (after taxes ...