Hello BP,
My business partner and I are funding a short-term private lending deal.
I’m using a personal line of credit to fund the transaction. I transferred from this line of credit account to our business account...
Hello. I'm opening a few personal lines of credit to do short term BRRRRs. The problem is that now that I have the LOCs open and am borrowing from them, it looks like my credit score is taking a big hit. This may impa...
Hi All,My realtor and I have worked together on multiple properties for multiple strategies. I trust him. Today he called and asked if I would be interested in being a "hard money lender." I believe that is the pr...
I purchased a single family home in AZ in 2013 for my mother. I resided in MO at the time. My mother pays rent but the house is in my name. I never registered the property as rental in AZ (I didn’t know I needed to) n...
Hello all-I am looking at non-performing first. The initial seller materials provided showed some past due taxes. I then ordered the title report which shows a judgement and lien against the debtor and property along ...
http://business.ftc.gov/documents/bus49-using-consumer-reports-what-landlords-need-know
Hey everyone,
So I read this online today, and am wondering if others are properly following the law when screening tenants? I...
Hello All,
I wanted to throw out a message in this positive BP universe.
My background is a GC vendor for managements in NYC, mostly roofing, exterior renovation, sidewalk repair, and some interior renovation (bath...
This is a turnkey property. Reason why there is no allotment for CapEx is because major items like roof, hvac, have >5 years life (or more). What am I not thinking of? Thanks in advance. Property is in a suburb of ...
My wife and I bought and sold commercial property. I forgot to transfer the title to our LLC prior to the closing of our seller financed mortgage. All monies received have been collected by the LLC and an assignment o...
Hello all, I am interested in buying a property. However I have ran in the need to do some credit report dispute that accounts that are not mine and throw off my DTI ratio.What are creative ways to bypass that be able...