Will Dixon
Refinancing Property Held in an LLC
I am working on refinancing my first property and realized Fannie and Freddie will not close on refinances with business entities. I did not do my homework beforehand and am now wondering how the LLC being on title wi...
Jeffrey Schratz
Refinancing properties held in an LLC
I have significant equity in a Vacation Rental Property. The property is held in an LLC for tax and liability purposes. I am told by lenders that the only way to access the equity is to switch the property into my nam...
Robert Granara
many properties held in separate trusts
i am creating several realty trusts to hold my rental properties (which currently stands at 5)...14 units in 5 properties
my other option would be to creat an LLC to hold the 5 properties...i cant imagine creating 5 ...
Rusty Scott
Refi Needed for LLC held property
I have a single family rental property that I have owned for approx 6 years. I purchased the property with a family member's LOC and it was purchased in my personal name. Shortly after, I had a partner come in with me...
Mel K.
Refinancing a property held in trust
Hello,I was hoping to get a recommendation on how to proceed with refinancing a property that is in a Land Trust. The trustee and beneficiary are two different LLC's owned by two different people. Are there lenders t...
Sam Tright
Properties held by the city... commonplace?
A contractor told me about this list: https://stlouiscountymo.gov/st... Says the county is often tired of them and will let them go for cheap.
1. They don't appear for sale though? Example: "6117 evergreen blvd, b...
Paul C.
Investment Interest or Passive Interest?
If I take out a loan to fund an investment in a notes fund, is the interest paid on the loan "investment interest" that goes on Schedule A or "passive interest" that goes on Schedule E?I found the following in "The CP...
Brent Cheney
1031 Personal Residence proceeds towards Investment Property
1031 Question I purchased my personal residence Oct 2019, therefore if I sold my house at this time I would be hit with taxes on the gain since I have not lived 2 years or more etc. However, would it be possible to 1...
Bob S.
Partnership LLC Tax Question
We have a property held under an LLC partnership that manages and pays all mortgages/expenses, etc. The original mortgage loan is just with one of the partners. I understand the partners not listed on the original mor...
Jennifer Knestrick
Force sale of property held by partners
Just heard of this shit show a friend is going through…
Multifamily house in Brooklyn, NY. Owned by a couple who has gotten divorced. One spouse had a psychotic break. It’s not going well for anyone, to say the least...