All Forum Posts by: Terry N.

J Dorkin wrote in his recent book that transferring to an entity may allow the lender to call the loan. More enforcement by lenders recently. Not sure if that would apply in your case.

Got it now. I was over complicating it.

Already stumped. I must be a doofus because I've tried for an hour to make the numbers in this basic example work but I can't. How is the net worth of $56,500 derived?!?

And of course the awesome community that is a wellspring of advice and encouragement. Peace.

I would just like to say in this day of giving thanks that I am grateful for all the cast and crew of Bigger Pockets and the good work that you do! Thank you!

I realize this question has been asked and answered probably a thousand times on here but here goes anyway. I have approx $50k in equity on a property. The single family house has a main loan and an equity line of credit that is at its limit because I've just paid down main loan and interest only on HELOC. (I know, not a great idea). The tenant pay down and appreciation is how I am arriving at the equity number. I want to take out about $10k for renovations. What is best way to do that? Thanks!

Thanks much for the input! 

Listening to Podcast 006...Arthur Garcia said this:

"Partnering with someone to lend your credit score for percentage of the upside" as a way of getting loans...

Can someone put this into laymans terms?  Thanks!

thanks for that response!  the property is in Michigan. 

Can a landlord request that the security deposit be forfeited if the renter requests to get out of the lease a month early?  I want to work with them but don't think I have anything in the lease that states that they lose a portion of the security deposit.  Or am I bound to the restrictions of the security deposit as only to be used for repairs over and above normal wear and tear?