Catherine Ding
Delayed financing - all cash offer then refi immediately?
Hi BP!Has anyone offered all cash then immediately refinanced to get the cash out? I am planning on doing all cash on an offer to make it more competitive and then getting a mortgage immediately after, but I was advis...
Fay Chen
Insurance or LLC?
In Podcast # 109, Scott talked about the limitation of insurance policies. Basically, from what I understood, the interest of your insurance company does not necessarily align with the landlord's. So when a claim is f...
Sam Faas
Should I hide my real name/contact info during the rental?
I am a small landlord, whose 1 investment property is held in my name. In the past I have used a property manager but thinking of doing this myself.I was wondering if any other small landlords do anything to hide the...
Danielle DeCormis
Quit Claim Deed to LLC Tax/Legal Question
I am looking to purchase a property that falls under the minimum limit for DSCR but qualifies for a conventional loan. If I purchase this and quit claim deed it to my LLC, who pays the mortgage? Me or my LLC? Does t...
Tyler Porter
Flip or Hold to begin REI? Advice Needed for a Beginner!
Hello BP Members,My name is Tyler Porter and I am relatively new to BP. I am 22 years old and have an extremely high interest in real estate. I plan to get into my first deal here in Findlay, OH in the next year. In t...
Mark Burik
I can claim almost no income but will I be able to get a loan?
Hey Everybody!I've been wrestling with this question for a bit. I have a small business (not real estate) and I have currently have 4 buy and holds, each with 30 yr conventionals on them. We've had two years with a LO...
Nick Hakim
Traditional vs. Bridge Financing For My New Deal
Hey BP -I'm in contract to purchase a mixed use property in Northern New Jersey and I have a question for all of you lending guru's out there. As is, I'm purchasing the property at a 6.5% cap, but upon lease up of the...
Mike Cartmell
50% Rule for Lease Options
If I purchase a house with intent of finding a tenant buyer to sell with a lease option, do I need to apply the 50% rule with this property. I am not planning on renting it, the term would be 1-3 years. The potentia...
Account Closed
LLC vs Umbrella Policy
I learned today that I cannot have a secondary market bank loan in an LLC name, so if I want to save on an interest rate as I can with a secondary market loan, I can't inside an LLC (I have to carry it with a bank int...
Lee Liberman
Operating LLC used as asset protection
Does this structure add any protection?Properties are purchased in my and my partners individual names (tenants in common) for the purpose of renting.We use an LLC (owned by both of us) to move money around for income...