Hen Ley
Title insurance for private lending?
28 January 2024 | 11 replies
When funding a deal as a private lender, always require the borrower to obtain title insurance through a licensed title company and make sure that the title company is closing the deal for you.
Mikquon Turner
Advice for Group Home Looking for Rental Lease in Houston Area
28 January 2024 | 4 replies
Greetings,We are wondering if anyone in the Greater Houston area knows of rental property opportunities for a company that is attempting to begin a residential assisted living home?
Shane Woolsey
Investor payout problem
28 January 2024 | 5 replies
You increase the share amount to 40 shares and buy it so now you own 20 of the 40 sharesThus you own 50% of the company and would get 50% of profits.
Rahnesha White
Quick claim deed- voids lender/owner title insurance?? Due on sale??
28 January 2024 | 14 replies
Just call your lender or Title Company and explain what you want to do and they will verify it.
Artem Kovalevskiy
Anyone with Section 8 experience in Pittsburgh area?
28 January 2024 | 12 replies
For all properties you need to get a good management company.
Zachary Stanley
Do some people just have "it". Whatever "it" is...
29 January 2024 | 29 replies
I know so many people that have good trait that whenever they created a company they always bought , seen someone like 5 times in a row.
Omayra C.
Direct Mail Service companies?
25 January 2024 | 3 replies
Hello,I am looking for a direct mail service company that will print postcards with a handwritten font.
Tony Pellettieri
Scaling Strategy using BRRRR/DSCR/HML - Please Advise
28 January 2024 | 3 replies
After repairs are complete, get a renter in ASAP using a property management company/Cash flow positive, obtain DSCR Loan for $100,000 - 105,000, repay original HML, Net additional cash of $23,800 on each property and repeat the process.With the capital we currently have, I believe we can put 1 similar property under contract each week, close in 2 weeks, Refi 8 weeks after closing/rehab/renting and repeat the process.
Anthony Parker
Looking into 1st Flip - Middle Tennessee
29 January 2024 | 13 replies
Clarksville is where our property management company is based!
Logan Turner
Can I personally purchase a house from my LLC
28 January 2024 | 40 replies
In this specific example the borrower had 8 financed properties so he could not do a conventional cash out with fannie mae but a purchase from his scorporation is in "essence," a work around for a cash out since it returns funds to the scorporation and my borrower owned the company 100%.However, on a LLC its different since LLC's are typically taxed as flow through entities going down to your Schedule E on your tax returns.When I've asked my underwriters about the LLC purchase similar to the Scorporation above they typically state it would be considered a refinance and limited to rate term refinance or if we transfer it to your personal name we'd need to wait 6 full months.However, I have yet to try to purchase from a LLC that files tax as a 1120S or sub chapter S which Im currently waiting to guinea pig this concept to see if it works.