Daniel Watts
Purchasing Duplex - Multi-member LLC Mortgage
Hey BP,I am part of a 3 member LLC that is currently under contract on a duplex we plan to buy and hold as a non owner occupied rental property. This is our first property and as we start looking at the financing opti...
Shant Ohan
FHA on multi family
Is it possible to do a fha on a multipleFinally? Specifically a duplex orTriplex?
Nick S.
help with understanding closing costs for sfr under contract (IL)
hi everyone,after 2 years, i finally got an sfr under contract. the 1st one i had to back out due to the home inspection and after a year of burnout, i've been taking advantage of these work from home times to find an...
Brittany Trevino
General Business/Legal?Tax Questions
Hi everyone, I have a few legal questions that I'm looking for some clarification on..I started an LLC under the impression that it will be my "business". However, now I'm hearing I should only put a handful of proper...
Joe Boggin
Philadelphia buy and holds
I own two properties in Philadelphia and I am considering purchasing my third property. All these properties will be in my name because I do not have an LLC form right now. These properties are in low income areas pu...
Adriaan Van Lanschot
Resort requiring absurdly high liability insurance for our unit
We bought a unit in Hollywood, Florida. Originally the project was intended to be run as a hotel, by an internationally known hotel chain, but upon completion the the group which was supposed to run the hotel aspect w...
Anna Marie Nguyen
House Hacking, Renting without creating LLC?
I just purchased my first home and it is a Triplex multi-family unit home. I am looking into renting out/ being the landlord for the other two units, but am worried about legal issues even if I require Renter's Insura...
Joel Owens
Title and insurance question..How many of you change title after closing??
Currently I am in a certain situation.
I don't want to go into details as it is well documented in other posts.
What I want to know is most lenders when doing a loan want the title in your personal name. After clos...
Rob Gillespie
complete loss?
Recently a buddy of mine had a fire in a vacant home. It was not that bad, but never the less, he maxed out his insurance policy. There was not replacement cost on it.
Here is the questionable part. They paid the max...
Beau Ordemann
DP-3 Insurance Policies
I've recently entered the commercial lending realm for properties 10+ and am new to the LLC space. The commercial lender I'm planning on working with said they require DP-3 insurance policy. Does anyone have good rec...