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13 October 2021 | 6 replies
You should be able to get it refinanced with about 4.5% interest for a 30 year loan, I just did for a home in Pittsburgh that i own with an LLC, so that should help by about $100 a month.I try to BRRRR single family homes with ARV's in the mid 100's.
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10 February 2022 | 10 replies
He's set up my series LLC, drafted private loan docs, etc., and I don't have any complaints.
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25 October 2021 | 2 replies
The thought is, we would buy the building through our LLC, and his construction company would rent out that space.
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13 October 2021 | 0 replies
Would we have to establish a separate LLC, making them a partner?
14 October 2021 | 5 replies
But you simply QCD it from yourself to your LLC and register that with the county register of deeds.
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13 October 2021 | 1 reply
My dad is a self-employed owner of a plumbing company that has been around for 12 years, he is a 50% owner with his partner being the other, and they are an LLC that is registered as an S-Corp.I have been working with a lender for the past 2 months, and between a lot of back and forths, we were finally able to figure out how to work in enough deductions back into his income in order to get his income underneath the required 50% DTI in order to qualify.
14 October 2021 | 2 replies
I want to put the property under an llc but my lender doesn't want me to. he says i have to put it under my name. can i please get some help and insight?
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19 October 2021 | 2 replies
We want to start buying multi-families to do airbnb or long term leases, but we are having a super hard time getting the few banks in Puerto Rico to lend us money with our LLC, they take a lot of time to respond to our emails.
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14 October 2021 | 5 replies
Honestly, I'd just go directly to the lawyer and they'll be able to take it from there.For us, we filed a multi-member LLC with the state first, then went to a lawyer to structure an Operating Agreement.
17 October 2021 | 10 replies
I'm looking at small multi-family for house hacking but have the following issues with risk and financing.1. conventional lenders require 10+% down on multi-family2. buying the property in my name (to get cheaper financing) and then transferring to LLC (to mitigate landlording risk) isn't possible from the lenders I've talked to (due on sale clauses can be triggered)3.