I have been in my current home, a 3br ranch, for 12 years and I have been upgrading it the past couple years. I have about $100k equity over what I currently owe, and I plan on doing a cash out refi, and converting ...
One of the most common complaints in the investing world is the difficulty in finding financing. Savvy investors have options outside traditional channels. If you know your personal investment style and goals, you can...
All,Open to suggestions here. We have upgraded our current home over 6 years to the point where we will be losing money if we spend another dime on it (in a highly desirable school district). We have about $114-140k...
Hi guys. My partner and I have a hard money loan on a property we are flipping. We are both 50/50 owners of the llc the property was purchased under. We both personally guaranteed the loan. Loan was for 90% percent of...
LLCs are not the magical barrier to personal lawsuits that many believe. The same is true for closely held corporations. There seems to be a common misconception that putting REIs into one or more LLCs will protect th...
I wouldn't let a "real" tenant move in with partial rent, but should I let a roommate/tenant move in with partial rent?
This person wants to move in with only partial rent upfront.
Since they are a room...
Hello there,It was on my mind for a while to become hard money/private money lender. I am interested to learn this business and would appreciate greatly initial guidance. In a perfect world I would like to partner up ...
If I have an LLC in which I conduct my business, how do I actually take profits out of that LLC for personal use (i.e. pay myself) w/o piercing the corporate veil and losing my liability protection?
Are there general...
Hi everyone!,
I have found that the answer to the question above is often very interesting from person to person, and it is very valuable to hear all of the different types of perspectives! Wealth to me is be...
Is it OK to setup a Corp/LLC to manage rental property that I own personally? I use this LLC to manage expenses and for tax purposes. I currently have an LLC S corp to manage various residential rental properties t...