Gonzalo Sequeira
House Hacking in the Houston Area
Hello everyone,Recently joined the BP Community and am in the process of moving to Houston for my job. I'll be working in the Woodlands area and am looking for a way to "house-hack" while I am young and unattached. I ...
Kyle Steiner
Corporate Structure / Asset Protection - 1st Flip
Hi Everyone! Hopefully there is a CPA among you for this question.I put my first offer in on a property that I intend to flip. I've read in these forums that it makes the most sense to set up an S-Corp for the purpo...
Sonu Sharma
Owner financing our rentals
We have been investing with a buy and hold strategy where we bought off market properties in Dallas TX, rehabbed them using hard money loans and refinanced them with a 30 yr fixed mortgages. Although the rentals were ...
Orkeem Davis
Looking to sell duplex to have more liquidity to purchase 4 plex
I have owned my duplex for 2 months in Ventnor, NJ and I have since renovated the 2nd floor apt one and I have refinished hardwood floors throughout. Presently, the duplex is bringing in $2100 monthly for both units....
NaDean Bowles
Need Advice on Development Land
Today I began talks regarding a large piece of land that would be perfect for both commercial development on one side and a subdivision on the other. Discussions of seller carry back were batted around with the sell...
Andrew Oliveri
Approaching potential lenders and mortgage companies
I recently heard a good advice about the best way to approach a potential lender.The advice was to state 'What it that I want to DO' rather than just stating - What I want.In other words - Instead of simply stating th...
Jarrod Hannon
(Soon) New electrical contractor
Hi all. 1st I want to start off saying I think I Chose the correct category, so please forgive me if I did not. I am starting up my own electrician company soon. I like most new businesses am trying to get a feel f...
Robert Brown
Should I roll current Primary MOrtgage into HELOC?
SO!!my SFH rental likely has a solid $50K+ Available in equity...
( $100K+ value / 28K owed @ 2.75% / assume 80% LtV)
I cannot find a lender that will do a HELOC on an investment property.. I'd like a HELOC as a ...
Dorian Weber
HELOC came back less than expected - now what?
Numbers
House appraised for $350k
Owe $150k
HELOC based off of credit (740), appraisal of house (350K), No credit card debt only a car payment ($350 a month) and house payment ($1600 a month)
$33k
I changed indus...
Mark Larson
Question on First Commercial Loan
Hello, I have seen some conflicting answers on here and was hoping someone could help clarify things. For a first time commercial loan on a multifamily property, are the loans non-recourse and are they tied to my inco...