
1 June 2024 | 3 replies
Hi BiggerPockets Community,I'm having trouble managing mortgage payments for my rental duplex property and could use some advice from those who have dealt with similar situations.Background:The mortgage for our rental duplex is in my and my wife's names.Our LLC holds the property deed via a quitclaim.We set up a business checking account for the LLC to receive rent payments and manage property expenses.The Problem:The bank requires that mortgage payments be made from an account in my and my wife's names, not from the LLC's business account.

1 June 2024 | 7 replies
It's sad that some crooked people are causing issues because they have problems being honest in their business.

1 June 2024 | 16 replies
As I understand it, the Small Business Administration (SBA) doesn't loan money, it partially guarantees a loan from an approved lender to a qualified borrower, so the money is owed to a lender, not the SBA.

29 May 2024 | 6 replies
If you are using the HELOC proceeds to acquire land for a property that will be business use in some manner (a rental), then that interest expense from the HELOC would be deductible against that business project.

1 June 2024 | 4 replies
I'm fully licensed agent and tbh, I've seen some things where agents barely make any effort on properties, so yeah I hope some get out of the business and leave it the market share to the ones who actually know about real estate.I do think Redfin/Zillow and big platforms are waiting on something like this to happen to fully take control of the market which IMO is more scare then the latter.

31 May 2024 | 27 replies
However, it *should* still be faster than 5 business days of processing.3.

1 June 2024 | 3 replies
The rent is your income on your investment business.

1 June 2024 | 18 replies
My understanding is the 10% down loans have tightened up and are much more difficult to get.Start with banks you already do business with and local credit unions.I have used Associated Credit Union and Rocket mortgage.

1 June 2024 | 27 replies
My dream house consists of a 5k square foot shop with a 1b 1b room attached but the wife wont let that pass.335i for daily98 land cruiser for off roading/camping/overlanding91 240sx-first car, 400hp garage queensold my race car and shifter cart to focus on the RE business and its working!