Nathan Frost
Business Line of Credit (Who is best)
Hi, I have about 13 rental properties likely 14 by end of the summer. Where is the best place to apply for business line of credit say 30-70k. I don't need it immediately but likely in case of emergencies or vacanci...
Bienes Raices
Mortgage was sold to Ocwen--what to expect?
The mortgage on my personal residence was just sold by GMAC to Ocwen. I'm pretty nervous because there's tons of horror stories on the web about Ocwen (saying the payment wasn't sent in when it was, and many other mis...
Shea Spinelli
Software, Quickbooks, excel...
Ok, I know this question has been asked 500 times, 500 different ways, but it still seems clear as mud. Quite possibly the most confusing part of the business to me. What software should we use that has management cap...
Jon Klaus
Managing properties held by your self-directed IRA
Can you manage properties held by your self-directed IRA? Assuming you do none of the hands on work? Same question for managing the rehab.
What if your SD IRA owns part of the property but you provide property man...
Lynn Hill-Torres
Electronic Rent Collection
Hello BiggerPockets family. We are working with a landlord, managing one of her tenants as a way to gain experience for when we finish renovating our property. I remember in Brandon Turner's book, he said one way to...
Andy Mirza
Loan Acceleration via Transfer of Title due to FC of Jr Lien
Assuming the note of the senior lienholder is a typical institutional note with a due on sale clause:Can the senior lienholder accelerate a loan when a 3rd party obtains title by means of a trustee sale of a junior li...
Sean McCluskey
RE Taxes in Indy are bad for business!
Hey BP,I'm finishing up my first BRRRR deal in Indianapolis, and I have a great team in place. BUT, I'm thinking about moving to a different market.Indianapolis has a special real estate tax equal to 2% of appraised v...
Antea Alexander
Is it worth it to be a LLC?
Should I become an LLC? Pros and Cons? I have two rental properties in Massachusetts. I am wondering if my legal responsibility will increase if I get a business license?
Account Closed
Assumable Loan Experiences
I'm wondering if those of you who have formally assumed a loan in the last 10 years could share your experiences. Was there an application, what was the qualifying process. If you were denied, what were the reaso...
Ben C.
To form an LLC during offer process?
Hello,
I have a question regarding LLCs...
My goal is form a new LLC for each project such a 519 Main Street llc etc for max asset protection...
My question is each time you form an llc it will take some $.
Do y...