Emmanuel N Okafor
Need feedback on best way to finance a current deal
I had a seller I reached out to last year contact me last week. She wants to sell me her house by April. Problem is I wasn't looking to buy now. I spent about $80k to buy and fix up a rental property late last year. I...
Rory Fowler
Paid cash for rental, titled in LLC, need advice.
After a year of working our tails off to get in position to invest, we finally purchased our first property. And we feel great about the deal we got. We formed an LLC and found a lender who would take a 30 year tradit...
Jason Lam
Details on Forming a Partnership
I’m looking at coming in on a deal with a partner where I am bringing the cash and he is doing the rehab work.I plan on talking to a RE lawyer but wanted to just get some background of how to structure this deal.We do...
Obadiah Roszman
A Seasoning work-around?
My Situation:
I purchased a duplex with a business credit line and will be paying for the rehab costs from my business account. (Technically I contracted my company to do the work, a theme for another discussion.) W...
Zach Gordon
Cash out Refi a rental home/condo under an LLC in DC area
I have been calling around to several large banks to look at financing options for several properties that we are renting out in the DC area. A partner and I own several condos/townhomes and under contract for several...
Justin Tanoue
Rental Property Equity
I own a 2/2 rental property in Las Vegas. I purchased it for $42,000 cash but today comps list for $50,000 to $60,000. Is there any way I can access this equity to purchase another in the same building?I applied for a...
Sandra Hughes
Harris County Housing Voucher rent (Section 8) advice needed
Hi - I'm looking to purchase a property to use as a Housing Voucher rental. Do you have any advice as to how the process works when I'm purchasing the property? I heard there is a wait period for getting an inspection...
Jesse Smith
Brrrr method finance
I’m looking to secure my first brrrr deal soon. I have a line of credit to use for dp and rehab. I’m curious how to get financed. I have everything in place to fix it and put it up for rent. Any private lenders out th...
Junior Silva
New LLC, business line of credit with bad personal credit?
Is it possible to receive a business line of credit using just your EIN with a new LLC? If so, what steps would one need to take to achieve this?
Jash Sayani
Schedule E Basics Questions
Hello,This is my first time filing a Schedule E (Real Estate income) and had some basic questions.1. I have a Townhome, what property type is this (1.b. on form)? SFR / MFR?2. My property manager gave me a 1099-MISC ...