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I have currently set up an LLC for my rental properties that my wife and I own in Ohio. I am setting up the business bank accounts and need the EIN. When I apply for this online with the IRS is it possible in Ohio to ...
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I'm an experienced RE investor in AZ and have only invested in my region thus far. I've been approached by an asset manager I've used to get incredible 50% ARV deals for the past few years with a small Chicago pack...
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Hi there fellow BP people! I have a current dilemma that I am hoping I can get your advise on. I just found out today that my VR listing is being advertised on Craig list without my knowledge.A lady and her kids just ...
To get money from a hard money or short term lender do you need an LLC formed? I have looked at some through bigger pockets like LendingOne, I believe it was called, and they ask for business information.
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Since the 45 day identification period can be tricky time wise, even if and taking into consideration that I have investigated properties even before the closing of escrow, which I have the option to extend,I heard ...
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Wells fargo froze my accounts because i mentioned to a branch employee that i did not recognize a small ( $7 ) charge . I later found out that the fraud dept. froze all my W.F. accounts not just the one with the suspi...
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Hi BP Members,I have a passive investor lined up to provide the down payment on an investment property. I will find and manage the deal, and take out the mortgage under my name, and receive a portion of the profits fo...
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I read that every mortgage has a Due on Sale clause, which means you have to notify the lender when you sale the property and pay the entirety of the loan when you sell the property. How do people work with the clause...
Hello,I'm a new investor, and I'm about to purchase a duplex w/ 5% down (conventional). I have no intentions of living in the property, and it would purely be a nice cash flowing investment. I see that banks typicall...
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Just a heads up to all my BP colleagues (Quick Tip!) - I was recently a victim of wire fraud on a mortgage transaction and in speaking with the FBI, activity has been rampant lately. The day it happened to me last we...