Pat L.
Turn Key Providers: Due Diligence / Verifying the Numbers
I'm currently analyzing real estate markets in the U.S. As part of the process, I'm starting to analyzing some properties that are being offered by turn key providers.When looking at these numbers, what are the best t...
Damian Robinson
Financing in LLC vs Own name
If you buy to hold and rent your told to put it in a LLC for protection of the owner but then I am told banks will notfinance properties in a LLC. How do I cash out rinse and repeat to grow while protecting myself as ...
Jason Merchey
Recourse Loans
I am getting some pushback on the idea of recourse vs. non recourse loans from a banker I'm just about to go with. My accountant told me not to take out a recourse loan, one that allows for deficiency judgments (th...
Brandon Hall
Wholesaling Cashflowing Rental
Hello everyone,
I am currently looking into how to accurately price a rental that has positive cashflow and doesn't need much work. The portfolio I am looking at generates a positive monthly cash flow of over $1000 (...
Eddie Lawal
Pay Cash or Finance?
Hello Fellow BPs...I need your advice!I am looking to buy 2 condos in a "not so good" area mainly for cash flow. Rents are $1000/month. Condos cost 63K and 57K respectively. HOA + taxes is $364/month each and both are...
Kim Bayless
HOA never organized?
Although I did check beforehand that there were no HOA liens, I've run into an odd situation on a townhouse I have under contract. The unit was built in 2007. The HOA was legally formed, but never organized. No boa...
Rami Jabbar
Ive been approved for 150k now what?
hey everyone i went to the bank and applied for a loan to see what happens and i was approved for 150k what would be the best move for me as i have never bought realestate before and have income only from my business.
Account Closed
What would you pay for this?
I know my number, but humor me please for a minute. Use any numbers you would typically for downpayment, terms, rate, etc. Cash, whatever. I just have to check myself.FourplexRent $575 per unitProperty tax 1.79% of yo...
Neal Clark
Giving a Private loan to family freind.
I have a family friend that bought his house cash. Unfortunately he may not have paid tax for almost 5 of 8 years living there (my estimate) a collection company is in the process of foreclosing on him. I was wonder...
Account Closed
Should I sell or rent my townhouse?
I'm trying to decide if we should sell or rent our house in Baltimore.-Lived in it for 5 years as primary residence. 3.75% interest rate. Currently paying $1550/month (principle, interest, insurance, taxes). Still owe...