Bill Lake
Getting a loan for a multifamily with multiple tax PINs
10 May 2020 | 2 replies
If it is a condo it will be difficult for financing as lenders do not typically lend to someone who controls a considerable amount of a condo building.Tax PIN’s really do not matter, for example I own property with a house and 3 parcels and the 3 parcels have separate tax pins.
Burt L.
One Darn Clause Prevents Converting 8 Rentals for Condo Sales?
7 May 2020 | 6 replies
They were built in 1948, fully permitted and have separate electric and gas metering and share water and sewer service.
Jeremy Hawkinson
What is our responsibility on OPM?
7 May 2020 | 4 replies
Underwrite very conservatively, make sure to have plenty of cash reserves, don't over leverage, be open and communicate with your investors, and to truly separate yourself from 90%+ of other investors out there when sh*t hits the fan protect their money FIRST to make sure they don't get burned.
Mary Jay
Proper way to do distributions
21 May 2020 | 17 replies
You should have separate bank account(s) for your LLC(s) and their transactions should be handled out of those accounts
Tom Knox
1031 Exchange - Like Kind Question
7 May 2020 | 5 replies
We also hold Exchangors funds in a separate and segregated Qualified Trust Accounts.
Chad Woods
Advice on potential duplex built in 1900
8 May 2020 | 10 replies
Are the units separately metered?
Gina Kim
Starting Out While Living in a High Cost Area
23 May 2020 | 25 replies
I live in one unit and have tenants in completely separate unit.
Will Kirkendoll
closing on a multi family need advice
7 May 2020 | 2 replies
Consider a separate LLC for the new property.
Jeff Smith
HVAC for multi unit house
13 May 2020 | 4 replies
My plan is to add another meter and have main and top floor have their separate meter.
Kumar Gaurav
Would it make sense to transfer property to an LLC now?
21 June 2020 | 3 replies
Keep your personal funds separated from your business funds.