Stephanie Phillips
Seller's omission has caused me harm--
I purchased a 4-unit building gut rehab in Chicago, with a 203k loan.The contract had an “as is” addendum.My contractor applied for building permits with the City of Chicago building department.They were advised that ...
Chandler Ludwick
Is the LLC path common?
I like the liability protection an LLC provides, but everything I read says that banks won't lend to LLC's (or allow to deed to an LLC normally). So do most of y'all not go the LLC route? I am assuming then you would ...
John Corey
Achieving USA accredited investor status?
I am familiar with the tests that involve one's annual income or one's net worth.While researching the topic, I saw the following in Investopedia. In 2016, the U.S. Congress modified the definition of an accredited in...
Jeff Chisum
10% Down Second Home/STR Loan Not Dead/Debunking bad info
Revisiting the subject of financing for vacation home/vacation rentals/STR's. 10% down is still an option without having to pay points. There are lenders doing loans outside of Fannie and Freddie. Significance ther...
Nana Sefa
Owner’s title insurance - to get or not?
Which of you get owner’s title insurance? And who doesn’t get owner’s title? Why do you get or not get? Thank you.
Juan Pardo
Understanding Title in the United States - Foreign investor
Hi all! I created this thread as a spin-off from this other thread:
We Loaned on a Stolen House
https://www.biggerpockets.com/...
I am trying to understand the differences about closing on a property, and particula...
Nathan Shankles
Can I transfer a house I own to an LLC?
I have an SFH and a duplex as rentals, both with mortgages in my name. I want to protect myself and my family from lawsuits and was told by a friend to start an LLC and transfer the properties into that LLC. Since I h...
Michael Plaks
EXPLAINED: Tax strategy or an abusive position?
This post was prompted by a discussion of a specific STR-related tax strategy on another thread. But the concepts apply across a wide range of topics, so I'm posting my TED talk separately.
1. The annual nature of ta...
Joseph Costanza
Toronto Canada Real Estate Market
Hello Bigger PocketsA little over a year ago I started my real estate investment journey. I started to consciously save/invest my money as I prepared myself to make my first investment in real estate. I studied, read,...
Victoria Pham
Where Philly Real Estate is Going
Yesterday during the conversation with my investor, I was asked where I think the real estate market in Philly is going in this special time where people are afraid that the pandemic is going to kill their investment....