Jeff Anderson
Unusual Owner-occupied scenario
I have a bit of an unusual scenario... My wife and I own our home free and clear with no mortgage (reside in Ohio). We are looking for a loan of $150K to pay off unsecured debt that has fallen into various stages of c...
Matthew Silvestri
Are leases unnecessary?
So I finally did it; I just closed on my first four unit last week! I'm going to be house hacking and am so excited and eager to get going on the business side of things. But I have a question that I was hoping to get...
Account Closed
Syndication for Flips?
Hi all,I want to syndicate a deal with 3 investors to flip a fixer. I personally won't be putting in any money. How do I get money for putting together the deal? I did hear about a sponsor fee, promote fee, split abo...
Anthony King
HELOC's when owning more than 4 properties?
I currently own 7 investment properties (13 doors), all with conventional mortgages, and I planned to open a HELOC on one of them to use for more down payments. When I called PenFed they said they couldn't give me a H...
Account Closed
GO or NO GO
Looking at a house in the 19119 area.This one is a three bedroom (really two bedrooms and an office) one and a half bath with a small yard.I'm thinking of offering 140,000 with a zero down loan and tying all purchase ...
Dale E.
Best software for online rent collection?
Hi BP members,I'm looking for a no-frills rental software that is reliable and straightforward. Obviously a free software would be great but I also don't mind paying a small fee if the software is solid.Looking for a ...
Sunny Burns
Hired Interns/laborers to work investment property, W2 or 1099M?
Is it true that you don't have to file taxes if you make less that $10,350(W2), but if you receive 1099Misc income, you have to file anything over $400?I am mostly interested in this, because I just hired some interns...
Derrick Thomas
What Makes a Real Estate Guru, a Guru?
I've seen the word guru tossed around a lot but what does it mean in this community? Does it mean you completed a lot of deals? Secured a lot of seed capital funding? Made a lot of profit? Or is it just years of exper...
Ross Trampler
Looking for a lease option
Hey everyone! I'm looking to find someone in the southern NH (Nashua-Salem) area or northeast Massachusetts area who would be willing or knows someone who is willing to lease option a property to me. Looking for a 4 b...
Jonathan Z.
Refinance new build and take out an equity line
My partner and I have recently decided to hold a new build that we were originally planning on flipping. Our plan is to refinance the property and leverage the equity (and also take out an equity line to use like cas...