Steve S.
Debt to income ratio on unsecured line of credit?
I've talked to several local banks and they all seem to be around 40%. For round numbers, can if I make $100,000 / year, what would I expect them to be comfortable with as far as extending me an unsecured line of cred...
Becky Marsh
Tenant would have relative help pay
I'm looking for a new tenant for a condo right now. One person came to see it, she would be moving in with her 9 year old son, but she hasn't had regular income. Says she's in the process of starting her own business....
Chase Jacques-Maynes
FHA loan with an LLC
Hi BP! I am 17, preparing to buy my first house-hack after my birthday, and am seeking some help with my strategy. I want to get an LLC structure set up to protect myself and keep my privacy as I scale my portfolio. I...
Joshua Kim reid
Legalities of mortgage note investing
Hey everyone. I was wanting to know the legalities of bird-dogging mortgage notes from private investors in the state of NC. When I do the google researches, all I see is "Illegal activity" related content. I'm not su...
Amy Lieu
Looking for Insight on Business Structure for a REI Company
I co-manage a small, family-owned real estate investment company that has four owners. For operational ease, our operating agreement states that I have the ability to be the sole signer on purchases and sales, among o...
David Richard
Finally! I’m going to be a first time landlord...
I never thought I would be a home owner... especially since I live in NYC. But a coworker told me about Union City, Nj and it looks like I’ll finally have my first property by the end of the month!My first two family ...
Chip Chaunamom
Having trouble getting qualified buyers because of FHA requirements.
I have a 1 bedroom condo listed for sale in my area. It's a beautiful unit and I've been getting several calls from buyer agents but the first thing they ask is "Is the complex FHA certified?" Well, I checked and as i...
Account Closed
Is there an app for Real Estate Investors?
Hello, everyone!Tomorrow morning, I am walking three separate triplexes, and I know I am going to need to take down a lot of notes and receive a lot of information.Does any seasoned investor have an app they consisten...
John Frezza
Multi family financing
I'm currently looking for a multi family property that would serve as my primary residence. I can find a property but the hard part is getting into it. I have been a real estate agent for under a year and banks will t...
Nicole A.
Obtaining intro 0% credit card convenience checks
Hello!
I'm a fairly new landlord/LLC owner. We formed our LLC in May 2012 and closed on the first duplex in August. In April 2013, we closed on our second duplex.
A few months ago we received a business...