Demjan Van Der Kach
Due to sale clause by a lender
Can a lender drop it while getting a house "subject to", for example? What would be the documentation? Is it possible at all???Thank you
Christopher Cannon
Taking over existing tenants
Buying a duplex that already has one lease and one month to month on it. Rent is way below market. How do I go about taking over the leases, acquiring the security deposits that were made, and possibly raising rents a...
Boyd Hunter
Review on Brownstone Global Private Lending LLC
Hey BP members
I have been in touch with Weston from Brownstone Global Private Lending LLC in Danville KY regarding international financing. Rates seem quite low so obviously I'm skeptical. Also when I google not mu...
Reggie Dumont
Cash from credit cards for downpayment
I was recently in conversation with a fellow investor who just started out, He explained his strategy for buying low cost multi-families is by using cash from credit cards when they offer o% for 18 months or whichever...
Sasha Tetera
Buying a rental property as a person or LLC?
Hello BP community,
I hear that buying a rental property as a person yields a better interest rate than buying as an LLC. I also understand the costs associated with the property transfer from a person to LLC, as we...
Vince Gethings
Who is the Best All-in-One bank?
Good Afternoon BP!As the title says, I'm in the market for a new bank; hopefully one that can do it ALL efficiently and with great user-friendliness. I've tried to keep it "local" and support my community, but it's ju...
Austin Montgomery
Max-out Conventional Loans or Straight to Commercial?
Hi BP,Looking for advice on choice of financing for our first few residential investment properties.Background: No loans in our name to date. Bought and renovated in cash and doing cash-out refinances to recoup capita...
Jotham Busfield
Buying first property within an LLC
I have heard from a few lenders and other sources that banks won't lend residential financing to an LLC trying to purchase a small multi-family home (2-4 units)...that you have to buy it personally, then possibly swit...
Anthony Luciano
Refinancing with an LLC
I have a rental unit located in DE currently owned by me personally. Two things i want to do, 1: refinance the property 2: transfer the title to the LLC. My question is what is the best way to do this, refinance first...
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Mortgages, LLC's & warranty Deeds
Hello All,
I am acquiring an investment property from a builder and I wanted to have it owned by my recently created LLC. However, I just learned that its mortgage company doesn't do mortgages to LLC's, not even with...