Zach Adams
Banks are crazy
So today I decided to take a HELOC out on a rental property that is out of state. I called BofA and the lady said no HELOCs on investment properties. No way I thought and asked to speak to someone else. After much ...
Tim Martin
HARP 2 Bank of America
A quick question. I have tried to re-finance with Bank of America for a 3 unit but have been told that BAC was told by the Gov. to suspend use of HARP 2 for investment properties for 60 days, and possibly 60 more. I ...
Jason Houde
LLC and rent checks
Hello everyone! Happy New Year to All!!
This is probably a simple question, but I opened and LLC and have just bought my first rental property. My question is regarding rent checks. Do I have the tenants make the che...
Guy Yoes
New tax laws on deducting home interest CPA advice
Hoping a RE CPA can help answer this question. I have my SFRs in an LLC. but not in a "company" as I don't qualify as a RE Pro. Currently, our rental income is counted as passive income and flows into our regular (...
Charles Kao
Scammers
I am finding that a good amount of people I am dealing with on Bigger Pockets are scammers. Not sure if this is a common occurence for most or just me because I am new to BP and new to the area I live although not n...
Dillon Scott
Options for Partner Investing
Hi, I'm a new member in the NYC area looking to gain insight on how to structure my first purchase with a friend/investor.I've heard the pros and cons for LLC's, being that they provide limited liability and pass-thro...
William Ephraim
How to handle a bad investment
I'm looking for advice or at least encouragement. Here is the deal.Back in March 2008, I was very eager to purchase a home. I went ahead with a deal to buy a house at a premium price with the intention that later on d...
Sophia Zhang
Does anyone know if Australia market is investable?
I found it’s very expensive to trade properties in the market, the property manager charges 13%+ and there’re thousands of council fees annually and the labour cost to maintain the property is huge. Does it mean that ...
Nadia P.
Newbie Help Needed - Structuring Agreement on Property
Hi all, I need some help trying to put together an agreement on a property that should've been put in place years ago.A and B are brothers with a fantastic relationship. Person A fronted $15K for the initial down pay...
Kelvin McNeil Jr
Meeting with Hard Money lender (Questions to ask)
Hi BP, I currently have a meeting scheduled with a Hard Money Lender that specializes in fix & flips. I have a list of their required items but what are some questions I should be asking them to ensure they are th...