
28 April 2019 | 7 replies
This includes info on how much rent they're paying, deposit held by the current landlord, whether they're current on the rents, and any disputes.

29 April 2019 | 6 replies
@Shaun Hood you can get an 80% LTV Heloc on a rental at Pen Fed if you have 3 properties or less including a primary and they are held in your name and not in an LLC. 12 year draw, variable rate tied to prime + 1%, no closing costs unless a physical site visit appraisal is needed or you close it within 2 years in which case they back charge you the origination fees that they waive when opening ($400-$600).

1 May 2019 | 30 replies
For example, Pen Fed will do a Heloc on a rental OR primary if you have 3 properties or less including a primary and they are held in your name and not an LLC but once you have 4 properties or more including your primary they will ONLY do a Heloc on your primary.
3 May 2019 | 5 replies
While its not likely that they will call the loan due, it is possible and well within their rights.3) You can get financing for real estate held in your LLC using portfolio lenders.

26 May 2019 | 10 replies
This still would be “living for free” but seems a little riskier because who knows where the market will be in 2 years when we would go to sell (if we held it to rent we’d likely be breaking even here too, maybe $60 a month from a quick analysis).

24 June 2019 | 4 replies
Under their rules they considered this to be 1 property because they were held under the same entity.
18 August 2015 | 0 replies
When and where are their public auctions being held in NYC for foreclosed homes?

18 January 2017 | 8 replies
Home inspectors are required to conform with the Standards, and may be held liable if not.

18 January 2017 | 1 reply
As a bit of background: I have a couple of buy-hold rentals currently held by my LLC.

17 January 2016 | 7 replies
@Chad BaileyThe following IRS document sheds more information on the ROBS 401k program. https://www.irs.gov/pub/irs-tege/robs_guidelines.pdfAlso, here is how the ROBS 401k program works in a nutshell.A new C-corporation is established.Corporation sponsors a new 401k/PSP.The IRA funds are transferred to a new brokerage account opened for the 401k/PSP.The new real-estate corporation issues stock shares to the 401k/PSP for the benefit of the participant.The 401k participant must be an employee of the corporation and he or she may take a reasonable salary.The corporation owner's family members may be employees of the franchise business and receive reasonable compensation for their services.To the extent that the corporation generates profits and elects to distribute those profits to the owners of the business, the percentage of the profits associated with the shares held in the 401k/PSP will flow back to the 401k/PSP brokerage account.