Dan Scott
BRRRR Strategy - can you make it work with traditional financing?
Newbie here: Is it possible to do the BRRRR strategy with traditional financing upfront or do you have to have a hard money/private loan? If you can, do most banks allow you to refinance straight away or is there typi...
Federico Gutierrez
How do I become an agent who is assigned BPO?
Listened to a podcast for agents and BPO's was one of the take away points I got out of it for supplemental income.Sure it's not big money but $50 a pop is handy for the gas. I tried googling BPO and Cleveland but I o...
James Shipp
Business Credit
Does anyone know how to get credit started for a Real Estate Company
Dan Schwartz
HELOC for LLC from Bank of the West
In case anyone is in the market for it....
We just closed a HELOC with Bank of the West.
They will extend a line up to 60% LTV for investment properties and closed in the name of the LLC. That is, we did not have t...
Carol Burns
Trust deed auction?? Need help asap please
Hi. I am interested in a property that is going up for auction Tuesday (I just found out about it). It was my grandfather's farm, so the interest is very personal. The auction company I found it listed with said it...
Rudy Bello
Financial commercial terms
Hi BP family,
What financial term are you seeing nowadays for 5+ commercial residential units. I was proposed 10 yr term, 30 yr amortization and rate 5 yrs fixed at 4.25. After 5 yrs the rate will reset to then exi...
Tony Johnson
Casheir's check from a bank acct that was put in forclosure
As I said I had a simple acct that got frudulantly used by someone who I thought l could be trusted. But clearly the person was just using me for whatever needs they needed. But from that my acct was put in foreclosur...
Brad Davis
Buying from a Wholesaler to have a Live-in Flip
Hi all! Quick question. I want to purchase a house that from a wholesaler that meets my criteria (4bd 2ba, etc.). However first question. Do wholesaler only accept all cash offers? Because I think I want to bank fianc...
Eric Giovannucci
To Form LLC or Wait Until Established?
I have read several arguments and still somewhat in the air about whether or not to form an LLC prior to getting started in flipping and some buy and hold in the near future. I have just moved to CA and am just starti...
Colin Roberts
Asset Protection options if you have a mortgage on property
I have a triplex that I acquired using an FHA loan and was wondering what kind of asset protection options you could gain. I know going through an LLC can cause the mortgage companies to call the loan due so I wanted ...