Account Closed
I have a question for Private or Hard money lenders on BP
Please any and all advice is greatly appreciated. My question is when dealing with a HML that's offering 85% LTV and I have a property that appraised for 770k very recently under contract around 630k. (85% of its curr...
Bryce Matson
Question on whether we should Cash-Out ReFi, sell or leave as is
Hi All,We own a house in LA and are moving away. We want to convert our garage into an ADU and then rent out the main house and ADU. The main house would be 3 bdr/2 bath and ADU a 1 bed/1 bath. We think the max rent w...
Marcus Frick
New Wholesaler Questions--LLC, etc.
Hi BP!Looking to start wholesaling in MN.And I have many more questions than answers:Do I form an LLC before I start looking for properties?Other legal arrangements I need to take care of before I get started?What are...
Louis Chan
Do I need a tax advisor/CPA?
I'm going to invest in real estate starting later this year or next year as prices become more reasonable. I've begun the process of educating myself and researching these last few months. My question is do I need a...
Steven Wang
Sidewalk Slip and Fall injury Claim Letter
Hi All,
I own properties in Bay Area at CA.
I recently got a letter from a lawyer claiming that I was negligent with maintaining the sidewalk, which resulted in his client trip and fall over it.
There are no mentio...
Shane Monahan
transferring a property in Baltimore county/md to a llc
hi guys,i have my first rental property listed for rent and trying to get all my ducks in a row before i get some 1 in there . what do i need to transfer a property to a LLC ? is the deed and a payoff paper from the ...
Beth Rook
Does each LLC have different EIN?
If you have an LLC for each property or for different businesses, does each LLC need to have a separate EIN? If so, how would taxes be filed? I understand a single member LLC files a personal tax return and that is ...
Paul Stamm
Creation of LLC for Real Estate
My Dad and I are looking at creating an LLC to purchase an investment property. We live in Indiana but are looking to invest in Kentucky. Does any know the implications of creating an LLC in Indiana all while being a ...
Ramin M.
After I sell my home where should I store my money until I invest?
Hey y’all so my wife and I are starting our investing journey in the next few months. We are selling our home in sd august and relocating to boston. I currently I have a joint savings account with discover that’s 3.6...
Justin Melton
Financing STR Same neighborhood as current property
Obviously the location of a property doesn’t impact the down payment/financing but there is a property 2 doors down from the property my wife and I just purchased and started renting April 1. We are killing it this m...