All Forum Posts by: Bonifacio Capuyan

Software and Security Engineer myself. Trying to engineer my way into semi passive income and early retirement.

Wow great job. When you say you funded it with cash was this your own personal money, private or hard money? I live in Norcal and would like to start flipping / investing in my state.

You can withdraw from your IRA but will get hit with a penalty and taxes. You can also borrow against your 401k if you have one.

awesome, would love to hear the deep dive about this deal. What happened to the 2nd property?

Looking for bird dogs and wholesalers in Stockton. Would like to see if there are opportunities there.

She'll probably not see you as a future provider for your family if you charge her rent. Charge her if your not serious about marrying her.

Thanks @Weston Couch for the info. I'm going to research land trusts. I assume I am still personally liable for any lawsuits brought up by the tenants as opposed to having my LLC shield me from personal liability.

Thank you @Benjamin Piecenski. Can I borrow commercial loans and have the same problem? Do commercial loans prefer to have a persons name on the loan?

Hello All,

This was my experience when doing a refinance. I purchased a duplex in OH a few years ago with cash. When I refinanced it the Bank wanted me to switch the title out of the LLC and into my personal name. I did that and was able to refinance. A good question came up during the meetup with the David Greene Team last month on changing the title back to the LLC instead of your name. The question was "Does the bank force a due on sale clause (pay entire balance of mortgage)"when trying to change the title back to LLC?" That question wasn't answered but I'd like to know what your experiences are/were. I feel more comfortable with the LLC on the title to mitigate my risk/liability.

Thank you!

 Thank you John!