Please explain the pre qualification process on a loan. I currently filled out a questionnaire from a broker but now he is asking to completea , “document checklist with a list of documents needed for your loan qualif...
TL;DR: Looking for a financial analyst/planner to help me with quantitative tradeoff analysis to help me decide whether I should sell (some subset of) my 5 rental properties so I can afford to purchase a single family...
Hello BP community!I'm 34, living in Los Angeles and looking to possibly invest in either Texas or Orlando, FL this year. I have no debt, credit score over 800, and have money saved up for a down payment, etc.Since it...
I know many banks and CUs will not do HELOCs on investment properties but I have also heard here and elsewhere that many do. However, now that I am actually looking, I am having a hard time finding any and can't locat...
Think of a book youve read in the last 3 months that you gleaned the most knowledge from. Share with the group the title and author and one reason why it was so great!
I am now at 2 units that both are rented and cash flow well. Now I want to start using some property management software just to keep my rental business, a actually business. I don't use any of the cash flow from my p...
I've read that a business owner can hire their children, then fund a Roth IRA for them since they have earned income. Are there any reasons this would be a bad idea?
I have a rental condo and have owned the unit since Jan 19. This complex has 18 units that pay $175 per month. Board members do not pay HOA dues as this is their compensation. The board consists of 3 unit owners and t...
Whether I'm showing a unit, or at a cocktail party when people ask me what I do, I inevitably get the question "how many units do you own"? To me, this is quite rude and they are basically asking me how much my portfo...
I have been approached by a small-time industrial subcontractor who needs a money partner. He has contacts that will provide him with steady high paying corporate work. But they dont pay for about 30 to 60 days afte...