Hi-Seeking to give out loans to property owners who hold the property in an LLC (multi-member, if that's relevant at all). For anyone's who's done this...-Does it make a difference if the loan is made out to the LLC v...
Last night was an extraordinary evening for me as I had the privilege of attending a meetup where I met the renowned author of "Best In Class" and the esteemed Syndicator Of The Year, Gary Lipsky. His insights into re...
I have a condo I purchased at auction back in '07 for $99k, 6.8% mortgage with lender paid pmi. I now owe $75k, on it and rent it out for around $1k. I've been unable to refi due to the lender paid pmi. My monthly c...
I have LLC with 1/3 ownership between partners. I think we’ve asked if we can bypass credit being pulled on all partners. HML said an alternative is to change operating agreement to show >80% equity by primary borr...
Hi BP - need your help with this situation:
- Properties A and B: Both were held by three partners in our own names individually (never held in an LLC)
- Property C: The last property was held in Acme LLC with FOUR,...
A client of mine is purchasing a unit in a building that is NOT a Condo, rather a Co-Op. I want to give him a loan, but am not sure of how the dynamics work for securing a lien on the property. Has anyone received a h...
I have two partners who both have their properties on the market. One of them, Partner A, needs to do a 1031 exchange into the new property (which we haven't identified yet). What's the best way to qualify for a loan ...
Online property auction runs March 10- March 15, 2023Anyone around the world can bid in the online property tax auctionTo participate, bidders must register before March 2 at the Treasurer-Tax Collector’s tax auction ...
Myself and a friend are wanting to invest in a short term rental together and wanted to create an LLC and have a partner agreement setup. We have located a few highly recommended people to set up the LLC but I have qu...
There have been a couple of posts about this in the past but no definitive answers came out of them. My question is why would someone set up an LLC and elect to be taxed as an S Corp instead of just taking the S Corp...