Solomon Simmons
How to get approved for a mortgage as an LLC with no income?
Here me out here. I am officially jumping in and purchasing a rental property but deciding to run as a Sole proprietor or LLC. The only issue is as an LLC, I must keep my personal finances separate from the business’....
Joey Soewargo
Just wanted to fact check how double closing works
If I'm not mistaken, double closing is essentially I enter a contract that includes person A - person B (me) that only involves the rights to the property not the property itself, then once that's complete, I would se...
Kinjal Patel
tenant left bike in driveway (Owings mills, MD)
Hello AllTenant move out on 8/20/18 and he left his bike on driveway. we have been contacting him to move bike and give us address where to send security deposit. but he do not reply to email or our messages. what we ...
Andreas W.
Basic question to conventional financing
For calculating cash returns, I am wondering if the lender finances let's say 80% of the purchase price or 80% of the (purchase price minus the earnest money). Or will the earnest money get used to pay my closing c...
Chip Chronister
excess proceeds of a tax sale
Can anyone tell me how to go about getting excess proceeds on a tax sale property
In my state it tells me that the owner of the property at the time of the sale is the person(s) who can claim the money.
...
Taurice Cooper
refi, first mortgage???? What Are my options??
Hypothetically speaking.....I obtain private funds to acquire a property and make repairs and improvements. Improvements are complete and a tenant is placed with 6 months of acquisition. I am obligated to pay my priva...
Cheryl J McGrath
Seller financing options
Seller Financing I am the buyer with 30 days to purchase the property and want to simultaneously market it as rent-to-own, how can I structure the process effectively:Can I structure the deal this way, so I can secur...
Gabriel Ramirez
First Deal Help!
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $195,000
Cash invested: $5,000
4 Bed, 2 Bath / Built in 1972 / 1,997 sq ft / 0.7 Acre Lot / Needs 100K in renovatio...
David Zimmer
HELOC question - notify bank before using it for investment?
I recently closed on a HELOC and noticed verbiage in the contract that I was required to notify the bank if I plan to use the money for investment, rather than for personal use. Is this common? I assumed the money was...
Marie Lyons
Ways to purchase rental properties w/o a conventional loan
Hello,
I am looking for information on any and all ways to get funding to purchase rental properties besides getting a conventional loan. When I first started investing I decided to use my own money to buy an...