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Since I get these questions a lot - I thought going out to the BP community to see what they think might be educational.As a private lender, I've discovered the term is very ambiguous and vague to borrowers. There are...
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I have 4 properties. My attorney suggests the best thing for me is one LLC per home. I asked my lender, who is great, and she has concerns with individual LLCs - she says many lenders will not lend to LLCs or properti...
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A Hard Money Lender is asking for:
a new investor to put the title in an LLC
and says it will take 3-4 days once they receive the Appraisal back.
For the HMLs on here and those who've used HM, have you experienced ...
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Hello BP/DC RE investors,Anyone have personal experience registering a duplex in Washington D.C.? The website clearly states the following: One Family: This classification applies if you own and rent out single-family...
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During this whole Covid19 epidemic my 401k investment firm is offering that they will waive the early 15% penalty to pull out up to 100k with no payback. I know there will be taxes due in doing so but I have never see...
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I am coming up 20 years in the Army. Preparing to retire. Have paid down all debt except 3 mortgages and one vehicle. The plan was to retire debt free with exception of the vehicle. With the current COVID pandemic, T...
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Hi Everyone,New Investor here, who just purchased a SFR in Mesa, AZ. I was reading online about a residential rental property tax (about 2% of gross income) and I was wondering if anyone has any experience with this?...
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Hello All,
I am considering buying a 4-6 multi-unit property in Baltimore and I'm having difficulty finding the answer to this question. Let's say half the units need rehab but the other half are rent-ready. Must al...
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There was a sun room that was added to the house and I’m planning to have that finished ( insulated and dry walled and vent added) and use that as great room and add a wall to enclose the kitchen to access the back...
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I am getting to the point where I will have to move from conventional loan products to commercial/portfolio loan products because of strict conventional guidelines and underwriting. My properties are SFR's, duplexes, ...