
15 October 2018 | 6 replies
Meaning that the multifamily must go into my personal name.If I quitclaim the property to the LLC after closing escrow on a commercial loan, I have heard such action could trigger a “due on sale” clause whereby my total loan amount could become due and/or I could be required to pay a prepayment penalty.Without the LLC, my tax structure is less favorable and I am exposed to personal liability.Any guidance on this situation?

6 August 2021 | 76 replies
People with bad credit are penalized by the availability, amount, and cost of capital.

22 February 2019 | 38 replies
However, in this scenario, the investors want to increase their wealth by a significant enough amount in order to “prove” the process works.

4 November 2018 | 9 replies
For example, some lenders require 12 month occupancy instead of 6.What you could do is you and your wife buy a home, occupy it jointly for the required amount of time, and then move into another home with her VA loan.

15 October 2018 | 4 replies
Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

15 October 2018 | 3 replies
There is a budget amount that may be a little tricky to determine but in the long run a house that has reasonable and somewhat "neutral" updates for the area is going to sell for more.

15 October 2018 | 17 replies
He definitely will not want to pay a double rent amount than what he would pay if he moved somewhere else.

22 January 2019 | 12 replies
@Kevin Polite Thank you Kevin, I needed that :-) ( I'm going to list 2 houses in 30032 in the next 2 weeks... ) Yes, I'm seeing a lot of price drops in 30032 but honestly I think some investors went overboard with the base price they paid for their homes and the amounts they are asking for the rehabbed houses.

7 November 2018 | 5 replies
It may do nothing if people turn them into long term rentals.If a huge amount of houses were dropped on the market all at the same time, then yes it could move the needle.

16 October 2018 | 12 replies
@Troy HebertAll very VALID questions/ concerns that you pose.I will start by saying that RE as an investment has created the most amount of wealth out of any asset class.