Steven Catudal
Investing in Alabama as out of state investor with a partner
15 January 2025 | 12 replies
Fannie Mae will allow you to transfer the deed to an LLC if you decide to try to go the conventional route, but the loan would still be in your names and you'll need to pay a title company a second time post-closing to do this for you. 3) I can't speak for the area so no comment there4) If you're self managing, make sure you find vendors you can trust in the area since you won't be able to easily verify if an HVAC guy, plumber, etc. is trying to rip you off and tell you to buy something you don't actually need. 5) Make sure you have clear alignment of goals and a clear operating agreement that spells out what to do if those goals start to not align in the future since you'll be jointly obligated to these properties.
Chris Seveney
What is the Best Way to Grow as a Private Lender
13 January 2025 | 15 replies
Quote from @Brian Burke: @Chris Seveney when I started my lending company with two partners our aim was to go from $0 to $2.5M per month.
Steve Mitrano
Flagstar Bank & LLC Transfer
12 January 2025 | 8 replies
Another work around that isn’t discussed much is working on a strategy with your insurance company to protect your other assets in the event of a claim.But also, it wouldn’t be a bad idea to consider getting the financing into your LLc name with a community bank and pulling cash out if you have substantial equity.Right now, since the loan is in your name, it shows up on your personal credit report.
Drew Poniewaz
Seller/ Owner finance restrictions on Zillow
30 January 2025 | 4 replies
I follow Dodd Frank, I use an RMLO, I have a title company close the sale and offer title insurance.
Aaron Costello
Finally Setting up my account
21 January 2025 | 7 replies
As a realtor, investor, and owner of a construction company in College Station, Texas, I understand the importance of having trustworthy and efficient workers.
Paula Impala
Norada Capital Management suspending payments
31 December 2024 | 418 replies
My wife’s inheritance gone, my Ira gone, had several other things in my life going on.
Jeromy Loper
Lenders through BiggerPockets
9 January 2025 | 2 replies
I asked a lender company through BiggerPockets to call me.
Dan N.
Can a Wyoming LLC own an investment property in ANY state?
9 January 2025 | 18 replies
One if you do not register your company as a foreign company you usually cannot file an answer in court if you are sued.
Edward Toomey V
5 months using RentRedi and I HATE it
19 January 2025 | 55 replies
Also, SAAS platforms are supposed to include support and service (that's the last S), but the quality varies greatly from company to company.
Treza Edwards
Kiavi Funding Lender
15 January 2025 | 9 replies
Quote from @Treza Edwards: DCSR Loan Yes, but I believe they partner with another company to do the actual DSCR loan.