Lorenzo D Brooks
Exposure line of Credit and Refi
Bigger Pockets I have a lender who is working to get me approved for an exposure line of credit. With the line of credit the there will be an appraisal on any property I purchase and a closing in 10 to 14 days. My...
Roger Evans
Mortgage brokers giving different responses?
Just received this from a mortgage broker I found on Zillow “Unfortunately since you already owned a 2 family. Buying another multi will not work. You will need to have a valid reason why you are moving from a 2-famil...
Craig Fitzsimmons
A Few 1031 Questions
Can someone please remind me...I can use 1031 proceeds from one property to acquire 3 new properties? Can any of those new properties have a purchase price less than the property of which the proceeds are from? For ex...
S Harper
What type of account do you use to hold security deposits?
The small business banker who initially set up the zero interest bank account for me said that he put restrictions on the account that won't allow for withdrawals on the funds sitting there. He has since left the comp...
Russell Howes
access needed for ADU construction?
I'm under contract for a duplex (in Salt Lake) and the zoning rules allow me to add another unit of up to ~500-600 square feet.Unfortunately, the house is on a narrow lot and is pretty close to the neighboring buildin...
Beth Matherne
Hiring a private Property manager
We have 10 units currently ran by our PM since we work away. We will be going to 26 units shortly. Does anyone have a form or tips they would care to share that they have in the PM contract? As we continue to grow I ...
Frank Cosgrave
STR Downtown Chicago
I'm looking to get my first STR in the city of Chicago, does anyone have experience in this market? I am a licensed agent and have access to the MLS. What is the best way for me to get started and set myself up for su...
Pranshu Tewari
Leasing SF home (commercial zoned) to a daycare business
Hello folks. Looking for some guidance from the experienced operators here.I own a single family rental home in Lockhart Texas (3100 sq ft) and I got an inquiry recently from a potential tenant who would like to rent ...
Jason Rowlett
Land in Lago Vista
Hi, I am a beginner investor wanting to get into rental properties. I have a condo in California that I currently rent out and I am now trying to build my portfolio.I have been seeing these *inexpensive* lots of about...
Buddy Holmes
Protection in Partnerships
I have been offered a good deal in a group of 5 duplexes. My neighbor has recently become interested in REI. As a good will introduction, I am considering a partnership with him on this deal.I hold all my current S...