Samantha Klein
Do Portfolio lenders typically want reserves?
This question is for anyone who has a relationship with a portfolio lender, does your lender require a set amount of reserves per property like Fannie Mae? This is not a debate on whether you should have reserves. For...
Josh Thomas
Closing on a performing 1st note - process, legal, due diligence
Before I pull the trigger to sign a Purchase and Sale agreement for a performing 1st note from FCI, I'd like to understand the ideal closing process.Would you recommend I hire a local title company to preform a title ...
Eden Meng
Mid Term Rental under Solo 401K Plan
Hi Wonderful BP Community, I am in the process of acquiring an out of state property for mid term rental. The proceeds used to acquire the property will be from my solo 401K. I have my team on the ground when it comes...
Kyle Keller
High interest rate
I bought a house at the peak in December of 2022. I used a DSCR loan to get it done. 9.375% interest rate. I'm coming up on 2 years of income produced by the property, any suggestions on how to get a lower interest ra...
Account Closed
Using Self-Directed IRA to buy properties
I have a couple questions. I have about $25K in a self directed IRA. I want to use the money for purchasing a rental property for our real estate investing business. How would that work? Can we use part of it (being t...
Jay Shah
Member/Owner vs LLC as named insured on insurance policy
Hi everyone,I have an LLC that holds a couple of properties. Am getting a lower premium (approx $250-$350) if I have one of the members of the LLC as named insured. Upon some research, I found that the 2 disadvantages...
Tyler Cox
1800 Accountants vs Local
Hey everyone, I set up my LLC through Legal Zoom and with the business package came a free consultation with 1800 Accountants. At which point following the consultation they offered their unlimited services (access to...
Landon Sheveland
LLC for Renovation Costs
Hello,I am recently get involved with a fix and flip (my first one). The property is in my name as we plan to live there while we renovate. I was wondering if there would be any advantage creating a LLC or business to...
Robin Hines
WARNING: Matt Motil of Cleveland, OH
TL;DR Matt Motil is a fraud. Do not invest with him.
Warning, this is a long post. My purpose here is to save some of you from the experience I now find myself in after providing a short-term loan to Matt Motil of C...
Chris Moriarty
Cold Calling is Dead? Really?
Upon joining up with Bigger Pockets, I logged on to see an advertisement that said "cold calling is dead" that was advertising a book. While it looks attractive, the data simply doesn't support this proposal. In a...