Doug Strehlow
Seller Financing 16 unit apartment
I am looking at purchasing a 16 unit apartment by seller financing that I have initiated. General term would be o% financing for 3 years through seller then take out mortgage on property to pay off seller. Incentive f...
Tanner Gish
Promissory Note for Owner's Personal Loan to an LLC for Purchase
Hey Everyone! Happy Holidays.Question: a partner and I purchased a property cash last month (vested in an LLC where we are 50/50 members). We have now started collecting rent, and what to set up the capital contributi...
Chris T.
1031 Single Property to Multiple Properties Strategy
I am looking into selling a single property and using the proceeds in a 1031 exchange to purchase 2+ properties. My question for those that have done this or are familiar is what is the better strategy....1) Identify...
Stephan Haas
eviction issues
hello,So, I am in the process of eviction, and 3 days before the tenants were told to be out, the tenant from apt 3 does an arm robbery on the tenants in apt 1 and gets put in jail. Does a writ still need to be filed ...
Caleb Brown
Moving appliances in kitchen expensive?
I am looking at moving around some appliances for a better kitchen layout in a home I just purchased. Currently it is setup as a one wall kitchen, but with a wall gone between the living room and kitchen there needs t...
Evan Higashiyama
Seeking Help/Guidance on next steps after recent purchase/rehab
Hi All,
Long time follower, first time poster here. Thank you in advance for the feedback! I bought my first home in April 2021 and have been fixing it up myself/with contractor friends/other contractors. I moved in ...
Tim DeFor
Short Term Rent, Long Term Rent or Sell our 20 yr Home?
We refinanced our 20 yr home ($144K/20yr/2.75%) to pull out for down payment on 40 acres and a farm house ($58K on $290K purchase price) plus renovations. (We intend to subdivide the land for 10 additional acreages (3...
Brad Ball
Accessing More Equity - HELOC Refinance or Cash Out Refinance?
Hi There. This is my first BP Forums Post.We own a duplex and have lived in one side for 10 years. Only a few months the entire time without a tenant paying a full rent. We bought in 2010 in northern Illinois where th...
Darrell Wallace
Need commercial lending advice!!
Here is my situation. I invest in rental homes mostly. I have exhausted my 10 FannieMae/FreddieMac loans at this point with both single family rentals and a duplex. I am a physician with excellent personal credit, ...
Brentin Trent
What is the best way to collect the application fee?
I see a lot of folks talking about services that can collect the application fee AND do the screening, such as cozy.co. I have not looked deeply into these options.That being said, I plan to submit my own screening vi...