Louise L.
Tricky Lending situation - help please
Hey There
We've ended up in a tricky spot and I'm trying to figure a way out of it.
Bought a property to STR in georgia. 6 months later it burnt down.
We got the insurance money and decided to build a second place ...
William Adams
Can you refinance a home you got from....
Can you refinance a home you got from a tax deed sale. Then sell the home. If so, I'm assuming the new owners would be responsible for paying back, or am I still liable?
Account Closed
Insurance company funding the deposit
In the UK buying off-plan is pretty common. Think new construction but where you are normally only looking a plans given the construction has not started. Maybe the demo work on the old building has not even started i...
Karen Griffith
Meeting FHA Requirements
Hi BPI am currently seeking a multi-family using an FHA Loan. I will reside in one of the units and rent all other units. My questions is...how long do I need to reside in the property in order to meet the FHA require...
Wai Fung
Business Checking Account Setup
If you own multiple short term rentals. How many business checking accounts should I realistically have?
What if you have an umbrella LLC?
What if you have a property management LLC?
Brian Stutzman
Asset protection- best way to hold a few paid off homes?
My wife and I are nearing retirement and own a couple of homes that are finally paid off and we want to keep them long-term. So this is simple. No partners, no mortgages, nothing funky. We are looking for the best w...
Brandon E
Rental income
When filling out a personal income statement, it asks for "net rental income"; should I just use the 50% rule and figure half the gross rent-PITI? What will give the most accurate financial picture?
Courtney Johnson
Trying to find my first deal
6 townhomes
$27,500 each
$165,000 total
Offer $135,000
Financing 20%down $27,000
Finance $108,000 at 4.5% for 30yrs (heloc) so rate is estimate. $547.22
Fully occupied. Professionally managed.
Rent $450 each 2beds ...
Jake Arnold
Getting loans under an LLC
I currently own a Duplex zoned for students, it’s in my name. I’d like to build a portfolio but I plan on forming an LLC. Thoughts on that?Second I’ve hear people say it’s hard to get financing for a mortgage through ...
Marty M.
What to do with this deal?
Yesterday I signed the paperwork on a 25 year lease with option to buy. The option amount is for balance owed on the sellers current mortgage loan at the time option is exercised. I'm making payments directly to the b...