Daniel M.
Seeking Advice on Handling Mortgage Payments for LLC-Owned Property
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.
Kathleen Rogers
Could REPS make tax savings more valuable than cash flow?
30 May 2024 | 10 replies
We're looking at buying an STR to self-manage but with rates and prices where they are, the cash flow projections are dismal.
Farhan Khan
New Investor Seeking Advice in the DC Metro Area
2 June 2024 | 2 replies
Do they have expertise in renovations/management that you don't?
Michael Dyer
Bigger Pockets self guided boot camps
31 May 2024 | 8 replies
I co-own a short-term property management company.
Andrew Yu
H1B Visa Holder Doing Real Estate Investment
30 May 2024 | 38 replies
If 'none' is your answer, talk to your company's immigration lawyer.
Jim K.
FOUND: $642K and gold behind a water heater
3 June 2024 | 56 replies
I promise not to disclose this incentive to you.Then the syndicator will generate a 2.5% fee for buying a building, charge you 2.5% for managing the asset, another 2.5% to sell or refinance it. the GP LP carried interest split will be 70/30 on the huge pile of money we will make.
Eleasha Counts
How to Delete Your Company Pages on Your Profile
29 May 2024 | 5 replies
To remove your company page on your profile:1.
Kim Kelly
Where to Start with 75k Cash & 850 FICO score?
30 May 2024 | 12 replies
Since my main profession is office management for a residential remodeling company, would flipping to build up more capital be a better place to start?
Samantha Elliott
Cash out refi or keep rate
31 May 2024 | 6 replies
The HEI/HEA is not feasible because of the percentages most companies are wanting to take (some are over 50% of the appreciation from the date of the HEA).The biggest question is that we'd be losing our 2.875% rate, which will be paid off in 15 yrs.
Nolan Gottlieb
Consequences for breach of contract?
1 June 2024 | 5 replies
do you have an agent, an attorney, a title company?