I have considered paying $85 per month for mortgage insurance which would pay off my mortgage for my posterity. It has also occurred to my I can take the same $85 and simply pay the principal down each month. Thoughts?
I have a few rental properties with mortgages I obtained in my personal name. Am I allowed to transfer the property into my LLC via quitclaim deed? Do I need to inform my mortgage company? Would they even allow this? ...
Hello BiggerPockets!I'm exploring the possibility of getting a 10-unit apartment building. With that in mind, I'm wondering if I should get an LLC.Benefits of LLC:1. If I live in the property, I, Jared, can rent from ...
Hello everybody,
Just starting out on BP and starting to lay some groundwork internally to enter REI. That being said, my primary mission right now is saving capital, increasing liquidity and lowering personal overh...
My wife wants to buy another house for our personal use. My question is....if I take on a lot of debt from investment properties, will that limit my ability to borrow money for a personal house?
From listening to BP podcasts it seems that obtaining mortgages under an LLC will protect you in the event of being sued, etc.... but In reading some threads, it seems frowned upon. Any ways to protect your personal a...
Thoughts on buying a 40k property using a personal loan vs going thru the process of a conventional loan.? Would it be ok to buy the property paying cash with a personal loan then turning around and refi with conventi...
Im looking for a mortgage company that will finance a 5 plex in a 30 year term in the shreveport bossier area. Please help out thanks. I have went through one but they can't go over 4 units without it being considered...
First time investing in property and have a few questions - Buying townhouse in North Carolina with intention to rent out. My bank does not give mortgage loans through LLC, so rather than getting another bank to do co...
I have two rentals which were originally home owner occupied homes. They both have mortgages in my name and was considering transferring the title in a LLC for liability purposes . What does everyone recommend ? Shoul...