Donnell Jackson
Getting Mortgage Under My LLC
So i recently started my own LLC that I plan taking mortgages on my rentals with. I understand that the mortgages will still be under me ultimately but how do I go about applying for one under the name of my company? ...
Monica Young
Should I use a 401K loan as a down payment for a rental property?
My husband and I are thinking of using a 401K loan as a down payment on our first multi-family rental property. We may or may not live in it as well. We both work full time and we'd like to use all of the cashflow to ...
Delmas Edwards
Investing in homes in MI
When looking for a lender that will fund your project what are the main things to look for or ask if you have a project like this?Sale Price: 34,900 Comps in Area: $60K- 70K Nice Neighborhood 2 beds2 baths1,053 ...
Mark Gibbs
NPN-2nd position, first in foreclosure
I'll get this right out of the way up front, note newbie (i.e. 1 note). I am looking at a second that has an unpaid balance of approximately 30K. The first is foreclosing on the borrower, the court date is set and the...
Ross Kephart
First deal with potential... 20-unit complex... thoughts?
I am a complete newbie, but I've been searching for property dilligently for the past 6 months and I believe this one has potential... what are your thoughts?# of units: 20all 1 bedroomall 360 sq ftasking price: $379k...
Account Closed
is wholesaling illegal/ wife worried
Ok everyone, my wife is bugging me and I know I can get a quick reply here. Im closing on my first wholesale prop right now looking at around a 30k profit after selling the contract. My wife read something online that...
Rich Hupper
closing with a cloud on the title
I often see many wholesale websites and investors in general say they will make an owner an offer within 48 hours of seeing the property and can close in 7 days. I know people out there are very good at estimating reh...
Waylen Herdman
Need help choosing between two deals.
These two deals are located in Clarksville, TN and I'm having trouble deciding which deal I should opt for (If my offer is accepted of course).FIRST DEAL: Duplex (2/1 each side) Asking price - $77,500 in a D or C nei...
Dominic Franco
Should I screen inherited tenants?
Good evening BP family!I recently just closed on my first deal, a duplex with tenants occupied on both sides. I am preparing a new lease agreement as one is up and at the end of the month and the other is on M2M. Look...
Chris Barry
Finance a house flip with 100% HELOC
Hi there,
I would like to know if is advisable to buy a home to fix and flip and close on it with 100% of the payment coming from my HELOC. My home is free and clear and I have a $250,000 HELOC. I would like to buy,...