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9 December 2024 | 11 replies
I had a response on a previous post this year about what the private lending restrictions will be here --> https://www.biggerpockets.com/forums/22/topics/1174919-bough...Here's a re-post of that information though:------------------------------------I do have a DSCR lender who can assist with a limited recourse loan that will close in the name of a self-directed IRA.
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17 December 2024 | 36 replies
It also had a change of one of the GPs in the sponsor name (i heard unofficially there was a divorce, sponsor name has been changed to reflect the person no longer being associated).
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7 December 2024 | 8 replies
Look for ownership name in LLC and address's other than property, these 2 things are very good indicators it's a rental property.
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11 December 2024 | 68 replies
At the same time get out to REI meet ups and get your name and face out there.
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9 December 2024 | 2 replies
I am an affected taxpayer as the property sold was located in Miami-Dade County and I a reside in Orange County and both counties are named, covered disaster areas.
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28 November 2024 | 4 replies
Whover owns the LLC should be signing. you do not sign the documents as the name of the LLC, you sign them with your name as Member or Managing Member of the LLC.
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7 December 2024 | 0 replies
I don't remember their names but people from the War College helped us redo the electrical and plumbing for cost which was amazing.
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5 December 2024 | 34 replies
I own no properties in my personal name.
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9 December 2024 | 6 replies
I know some mentioned about developing banking relationships and I totally agree with that, so here is what you do. 1) Open a business checking account in the name of your LLC to hold the assets. 2) Deposit your cash into that account to fund the real estate purchases3) After owning for 60-90 days, talk with a local lender about a line of credit against the 2 properties at 60% LTV. 4) After about 30-45 days, have the line open to use if you need that liquidity that you used, but until then you are not paying 7% interest on nothing.