It is my understanding that most mortgage companies follow fannie mae guidelines. So according to this, transfer to an LLC should be allowed? Anyone have experience with this? Sorry about the bold, didn't know how ...
Hello again BP,I am starting out in real estate investing and I have come to my first (of many) crossroads on this path. My question is just because a real estate agent says a property is in the short sale process and...
Hello BPMy parents are retired, have a few rentals that we are trying to do a refinance on, but their debt to income is too high. I am planning to either add my name to the title or transfer the property to myself and...
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single family home with a purchase price of $75K (looking to get $5k in credit for repairs - vacant house) in a nice working class neighborhood. ARV of $105K, which is conservative since the assessed val...
I’m considering a duplex and can’t decide what to do. It’s a 1895 home with stone foundation and no sill plate. Slight slope in outer bedroom. Roof was replaced but has serious bow in back area which can’t be reached ...
Hello BP community!
I currently own a 2 unit that is cash flowing $900 a month and I am ready to buy again.
I found a large 4 unit building in Portland ME, a fast moving market with very little inventory. I was im...
So I have been studying the strategy of rehabbing for almost a year and half while we built credit scores and retired debt to increase our debt to income. I've been actively looking for houses and running analysis on ...
My idea is to avoid capital gains tax by flipping within the ROTH IRA while avoiding the transaction fees by managing the LLC myself. My questions are 1) What is Unrelated Business Income Tax as it relates to this? 2)...
I'm adding my brother to the property deed through a grant deed. I purchased this property back in 2011. My name will still remain on the property deed now will this recorded deed with the County trigger a property ...
Hi all, My name is Joe. I am a future investor from the St Louis area, more specifically a little suburb named Ferguson. I say future investor as I am trying to show my wife how advantageous it would be for us to...