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Moving House Out of LLC
I bought a house in an LLC, originally intended to flip it, but having trouble selling. Someone has come to me with rental offer which I think I will take. I own the house for cash, no liens, but I can't get a insuran...
Mark Miles
STR Insurance during Year 1
So I know there’s been some discussion here about whether or not Fannie Mae permits STR during year 1. Even if they now do, some lenders are still behind the times or, bottom line, lenders are still allowed to make th...
Dustin Battas
Insurance Advice Needed
I currently have my first flip under contract. We are financing the purchase through a local bank. Obviously, they want proof of home owners insurance before we close. I called my personal real estate agent and they a...
Louis Louisius
LLC or purchase as individual with spouse for first property
Hi, I'm looking to purchase my first property with my spouse. I'm not sure which option would be best. Do we start an LLC to get the loan or do we just apply for it as individuals like a regular mortgage loan. this wi...
Sam Clemons
Do these closing costs seem high?
The total loan is 135k for a 180k property. The loan originating fee of 3.4k seems high. My closing costs are almost 9%. Does this seem normal?
A. Origination Charges$3,412.5001 % of Loan Amount (Points...
Damian Mandina
Home Equity Line of Credit as Capital for investing...
I have been in the process of working with the bank on establishing a home equity line of credit to start using as capital to invest in properties. Today they said that I needed to reassure my house for not only the ...
Jonathan Farber
Rental Protection - Insurance or LLC or something else?
Hello BP - I currently have 3 rentals in Raleigh, North Carolina and hoping to add a few more through the spring. At the moment I manage the properties myself to keep costs down. When it comes to insurance, I have p...
Bryan Pham
FHA Loans Vs Mortgage
I am a first time home buyer and was wondering what is the pro and cons of using a FHA loan vs a standard mortgage for my first home purchase. Any thoughts and feedback would be greatly appreciated. And does anyone ha...
Bryan Terry
Buying both sides of a twin home require two mortgages?
I am currently trying to purchase both sides of a twin home. Each side of the unit has separate deeds. Does anyone know whether I will have to get two separate mortgages along with all of the associated closing cost...
Reginald Vaughn
HUD Property
I am currently purchasing a HUD property for the purpose of renting out. What is a better loan to consider a Conventional Loan or a FHA Loan..., also from a term perspective 15YR or 30YR? I am new to investing and wo...