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Results (10000)
Jim Collins Shouldn't PITIA paid by LLCs be excluded from personal DTI calculation?
14 May 2024 | 6 replies

I am paying mortgage for all the rentals from business accounts. The only PITIA paid from personal account is for a personal residence. I am trying to get a 5% down first home buyer conventional on a fourplex for my d...

Samuel S. Recourse vs. Nonrecourse
10 April 2015 | 7 replies

So say the only asset my LLC owns is just a single property, which was paid for in cash worth 100k.  So I have 100% equity in the eyes of the lender.  When I go to do a cash out refi for my next investment property, w...

Aviv Berkovitch Commercial loan and after that conventional mortgage
16 November 2019 | 9 replies

Hi, I have a few properties I purchased with cash. At this moment I don't have the option to get a conventional mortgage, but in a year from now I will have the option to that. My question is, that if I have the optio...

Jonah Richard Limited personal guarantees split across LLC members
6 July 2020 | 0 replies

As the title suggests, this question is about whether any investors out there have been able to - when refinancing a residential property bought with cash and held by a multi member LLC - assign limited personal guara...

Jeremy D. Personal guarantee on existing mortgages?
1 March 2012 | 1 reply

I'm wondering if anyone has had to give a personal guarantee on their existing debt in order to obtain more financing?

I currently have (1) FHA mortgage, (3) Freddie conforming mortgages and (5) portfolio loans thr...

Michael Smith The Ultimate Guide to Using Conventional Mortgages to Expand Your Portfolio
29 August 2016 | 21 replies

Perhaps I'm being overly ambitious by taking a leaf out of @Brandon Turner 's book and throwing "The Ultimate Guide" in the title, but my goal is to create a comprehensive point of reference for investors looking to u...

Sandy Metivier Convert a Vacation home to an Investment property for 1031
22 January 2021 | 7 replies

We have our house in Lake Tahoe, California for 6 years for which in the past we've used a portion of the year as a vacation house (random weekend visits mostly, but a couple of summers we lived at the house), and had...

Charlene Stovin First Time Property - Forming an LLC
1 December 2021 | 8 replies

Hi all, have another oneI was in the process of registering an LLC for my investment properties; I don't have cash, and financing I have heard for an LLC will be much more difficult than if I were to put the property ...

Account Closed Mortgage interest deduction for LLC
25 August 2014 | 3 replies

If you own real estate in a single member LLC, can you pass mortgage interest payments to be deducted against other personal income?  Or only against LLC income? thks

Yolanda Williams Best tax strategy to incure less taxation
27 December 2017 | 1 reply

Hello I am a first time flipper. I sold 2 properties this year that were titled and sold in my personal name. One that was held as a rental for about a 3 years prior and one that was acquired and sold after a year of ...