Lokesh W.
myFICO.com score. Is it accurate??
I got my credit scores from myFico.com. My scores are as follows:
TransUnion: 773
Experien: 778
I called one of the business credit companies because I am thinking of obtaining a business loan and the manager told m...
Joe Splitrock
Surprise! 10 Mortgage Limit Includes a HELOC With Balance
I have been aware of the 10 mortgage limit on conventional financing as we moved towards it. We have 9 currently and one HELOC on our personal residence (no mortgage on residence). I previously understood that the 10 ...
Kelly N.
Tax Question- 1099 K sent to my PM company for rent collected
Hello Bigger Pockets,
I received a 1099 K for my property management company from Cozy.co for all the rent collected through their platform this year for our properties. I switched to them in March, and had previous...
Peter Mckernan
Out of State Withholdings
Hello everyone,I wanted to see if anyone can explain the FTB withholding requirements for out of state property owners. I was asked about it yesterday and I could not find the clearest information on the topic. I gath...
Liz Brumer-Smith
Anyone used Datatree.com before?
I'm looking at potentially working with Datatree.com to help my assistants gather property information from one centralized location. I did the trial and I'm very pleased with the program so far, but am not sure it's ...
Jacob Graul
Partnership on flips
How would I go about drawing up a partnership on some flips so neither one of us gets stuck with all the taxes?
Glenn Kopensky
Commercial loan on residential properties FNMA limit
I have 8 mortgages. One of the mortgages is a commercial loan (blanket mortgage) on 14 properties. All properties are residential. That means there are 21 properties mortgaged with 8 mortgages. This includes my primar...
Frank Y.
Borrower change from LLC to C-Corp impact on current mortgage
Hello all: We lent money to a LLC (two members) last month, and now the LLC wants to change its structure to C-Corp. What impact do we have to our current Mortgage and Note, or what do we (private lender) need to do? ...
Mariel DeVito
Can an LLC qualify for a regular conventional loan?
Hi everyone! Not sure if this has been asked yet but my father in law is purchasing a property all cash. He would like to know if it would be possible to get a loan on the property if he titles it to an LLC. Thoughts?
Brandi K.
Commercial Loan Interest Not Reportable?
I have a 7 unit property which we have a held in LLC and mortgage is also in LLC. In getting ready to get our taxes done I reached out to the bank about not receiving anything for what was paid in interest. They tol...