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Here is the breakdown. We have a property in Memphis that is generating $7,000 dollars a year in net cash-flow (property is 100k).We want to buy another 3 properties free and clear BEFORE we refinance them, to group t...
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We bought a rehab house with the intention to flip, but it ended needing too much work. I am almost into it for the appraised value. We put a tenant with a lease option. I am about ready to close on the refinance and ...
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Hi Folks,I recently took my listings down from HomeAway because I was so frustrated at my inability to match the 'deposit' amounts shown on their excel export of revenue to the amount deposited to my bank account. In...
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Hey so I’ve been putting out offers on what is going to be my third property. My question is how many deals did you guys have until your bank cut you off and what did you do to continue investing in properties?
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Hello BP experts! I am looking for a good community lender who will loan 15 yr+ loans for SFR property. I am out of conventional loan slots and need to continue to purchase. Does anyone have any good recommendation...
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Hello Everyone!I'm a new member but not new to real estate and I'm glad to finally be a part of an online community to share insights and exchange information. I was curious if anyone here knows or has good luck wi...
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I just got off the phone with a very smug account Wells Fargo business checking associate who was very proud of discovering my registered agent's address (used on LLC filing) on the state website listed for other LLC...
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Looking at properties in the $50-$60K range and the first three lenders I spoke to said their minimum loan amount is $50K. With the 20% down that obviously won't work. Are there banks out there that will loan less tha...
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An investor in my area had about a dozen properties that were for sale off market, I made my first round of offers on each one and before the seller could counter the agent informed me that the bank was taking bac...
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Hello,I am planning on purchasing my first out of state turnkey in the near future and utilize a property management firm and realized that I have quite a few questions regarding best practices. Does the tenant write...