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All Forum Posts by: Account Closed

Account Closed has started 19 posts and replied 84 times.

Post: Private money lenders being paid at the end of the loan term

Account ClosedPosted
  • Rental Property Investor
  • Washington, DC
  • Posts 94
  • Votes 14

Hi, are there any private money lenders that will allow you to pay at the end of the loan term instead of month to month? Does this rarely occur?

Post: Seeking a Mentor in the DMV area

Account ClosedPosted
  • Rental Property Investor
  • Washington, DC
  • Posts 94
  • Votes 14

Hi, I'm a fairly new investor. I own two properties (one investment and one primary). I am currently preparing to get in the market to either BRRR or flip. I would like to connect with someone in my area that's had some success in these areas, with hopes that we can both add value to each other's endeavors. Thanks.

Post: Seeking a mentor in the DMV area

Account ClosedPosted
  • Rental Property Investor
  • Washington, DC
  • Posts 94
  • Votes 14

Hi, I'm a fairly new investor. I own two properties (one investment and one primary). I am currently preparing to get in the market to either BRRR or flip. I would like to connect with someone in my area that's had some success in these areas, with hopes that we can both add value to each other's endeavors. Thanks.

Post: Purchasing an out of state property with my current LLC

Account ClosedPosted
  • Rental Property Investor
  • Washington, DC
  • Posts 94
  • Votes 14

I have an LLC in Maryland and am interested in purchasing a property in North Carolina. Can I purchase the North Carolina property under my Maryland LLC? Thanks

Post: Will bank’s refinance a property that’s held under an LLC?

Account ClosedPosted
  • Rental Property Investor
  • Washington, DC
  • Posts 94
  • Votes 14

@Mike McCarthy thanks for the information. The property that I’m considering purchasing is a below 5 unit multiplex. I’m not in the commercial market.

Post: Will bank’s refinance a property that’s held under an LLC?

Account ClosedPosted
  • Rental Property Investor
  • Washington, DC
  • Posts 94
  • Votes 14

I'm interested to know if I were to use the BRRRR strategy and purchase a property under an LLC, when it comes time to refinance would the bank lend me the money or will there be an issue due to the fact that the property is owned by the LLC and not myself? If so are there any strategies I can use to as a workaround?

Additional information: this would be the first property purchased under the LLC

Post: Analyzing what city/state to begin real estate investing in

Account ClosedPosted
  • Rental Property Investor
  • Washington, DC
  • Posts 94
  • Votes 14

@Mark H. Porter thanks this is good stuff!

Post: Analyzing what city/state to begin real estate investing in

Account ClosedPosted
  • Rental Property Investor
  • Washington, DC
  • Posts 94
  • Votes 14

I’m currently seeking to locate an out of state market to invest in that would be good for a newbie. I currently own two properties (1 investment and 1 primary) but I’m looking to invest out of state because my home market is too expensive. What should I be analyzing when trying to find the best out of state market? Thanks

Post: Starting an LLC for properties, not sure what state to register

Account ClosedPosted
  • Rental Property Investor
  • Washington, DC
  • Posts 94
  • Votes 14

@Kathy Henley thanks for the helpful insight Kathy

Post: Starting an LLC for properties, not sure what state to register

Account ClosedPosted
  • Rental Property Investor
  • Washington, DC
  • Posts 94
  • Votes 14

@David M. Thanks David, very informative