Sumit Sehgal
Loan/title in own name vs LLC
I feel like Bigger pockets would be an ideal place to get some answers to this question:I want to use leverage to buy my first investment property (single family home).How do you guys go about the initial setup:Take m...
Jed Brinkley
Non-conventional lenders for 1099/independent contractors
Hi all,I went from W2 to independent contractor in April, and the lender's mortgage requirements are derailing my RE investment plans.After watching the BP YT episode with David G. and Christian from The One Brokerage...
Dustin Palls
FHA OwnerOcc 4-plex - Purchase from my LLC???
Hello All,I currently own and rent nine properties, 3 of which are financed (conventional), 6 of which are paid for. I have found a lender that will allow me to do a cash-our refi on the 6 and hold title to all 6, but...
Marni L.
Hard Money / Private Lender for owner occupied in PA?
So, here's the situation:Our current income is around 250k+ via W-2 now, and was about 200k-ish in 2015 and previous few years. In October of 2015, we rented a house. After a couple months, the owners put it on the m...
Brian Jackson
Maximize cash-out-refi to pay less interest on rental property
I own my 1.5M primary residence free and clear, and am taking my first steps into being a rental property owner. And have about 5k monthly income I can use to cover negative cashflow.There are no cashflow positive pr...
Account Closed
cash out refinance for paid off home C5 rating
Hello,
I purchased an investment home in cash. My plan was after I buy it, I would immediately cash out refinance and use 70% LTV toward rehabbing the house. I would then refinance it one last time after repairs are ...
John Schulz
What risks come with renting out an illegal in-law suite?
Hi all! I'm a beginner in the Chicago area and I'm just learning the ropes around REI before purchasing my first rental property. I've seen a lot of properties that have finished basements that could be rented out for...
Caroline Knight
Newbie Intro - seeking any and all advice and comments!
Hello everyone! I have been listening off and on to the biggerpockets podcast and having "we should get into real estate" talks with my partner for about a year now. I recently picked up The Book on Rental Property In...
Trevor Candice
New San Antonio Investor/owner occupant
Hello,
I'm a new investor trying to get started in San Antonio. I'm looking for strategies that will cash flow in this market and coming up short other than doing an STR. Since i'm going to be living in it as an owne...
Oliver De Ausen
Quit Claim Deed with or without a Lawyer?
Curious as I want to deed my property to my LLC, can I do this myself? Deeds.com has a checklist for each state -> county -> city. It seems straightforward. I am aware of the due on sale clause also the recent ...