David Evans
Private lender Line of Credit
Has anyone had any luck with private lender's issuing a line of credit. I want to buy some properties at a tax foreclosure which requires full payment three days after auction closes. I know I can't get a Fix and Flip...
Skye Parker
Rolling spec house profits into next house. How?
This is probably a bonehead question but I've been talking to some spec home builders and they are paying taxes on all profit from a spec home at personal capital gains tax rate. A heavy hit on a big project. I'm just...
Kate Stoermer
Michigan Proposed STR Legislation Update
⚖️ HOUSE BILL 5438 - HB 5447You may be aware a new slate of short-term rental bills was introduced this Legislative Session by Representative Andrews (D - St. Joseph). I had the privilege of attending the House subcom...
Will Schafer
Buying Off Market Strategies
Hey all,
Beginning to pursue off-market deals and wanted to hear some favorite strategies in finding them or tools for the process or just gerneral advice. I have had some success in sending letters and directly call...
Kory Sheldahl
Stessa - Software for Property Management & Real Estate Investors
Is anyone familiar with this product (Stessa)?I'm a bit of a nerd when it comes to technology and like to try all the new "toys" out when I see them. I'm intrigued by this software, but don't know anyone who has exper...
Zachary Brown
$20k Water Bill Balance - Who is Liable?
Getting ready to sell a rental property when I saw the most recent water bill balance was $20,000. Turns out, the (month to month) tenant was out 5 months ago before a pipe burst and the city turned it off. During thi...
Susan W.
How to use HELOC to purchase second home
Hey BP Community!I have a HELOC, let's say $100K (to keep the math simple) and want to purchase a second property for $500K. Let's say I have $50K in cash so a total of $150K (includes $100K HELOC). How do I finance t...
Kenny Luna
Tenant moved out without paying
I decided not to renew my tenants lease and gave them a 6 month notice. At the end they moved out and didn’t pay their last months rent, late fee and portion of electric bill. They also left a bunch of construction it...
Lynn Ramdin
Qualifications for a commercial loan
Hi BP Community!I am looking at an 8 unit apartment that is listed under $500k. Would it qualify for a commercial loan? Some people have told me that commercial lenders won't look at anything less that $1 million. If ...
Brandon Nappi
quick HELOC question
Hi BP forum,If I were to secure a $50k HELOC on my primary residence at 3.5% and never actually use any of the money would I still have monthly payments? i.e. interest payments? Thanks!