Hi,I have formed a holding/parent LLC company and a subsidiary/operating LLC company which is 100% owned by the holding/parent LLC. The idea is to buy rental property in the name of the subsidiary/operating LLC.I was...
First time landlord here. Bought a property in Pennsylvania in September of last year, its a two unit. I am living in one and inherited a tenant in the other. She and her boyfriend had been there for a year and almost...
Hi Guys,
We have agreed on a purchase price for a two family house in a college rental area and if the inspections goes well we will be buying our first investment property. I wanted to know if any of you have parents...
I am considering adding "no boyfriend/Girlfriend" unless bound by strong bond circumstances such as "baby on the way and planning for an upcoming wedding" etc to my list of do not rent factors. In my first 2 years of ...
I have a question regarding FHA loans. If I was to buy a duplex and wanted FHA financing to get the property for 3.5% down, Am allowed to rent out the additional bedrooms while I live in that particular unit? I would ...
I am interested in renting individual rooms to college students. I was wondering if in the application process I should ask specific questions that you would not normally ask to non-college students. As well what do p...
Hello, all. I have a borrower who is going to borrow for fix & flip property. He is the sole owner of LLC, but his credit is not the best. He offered to have his wife, who has good credit, to co-sign. Our loan do...
In order to get an FHA loan you must live in the property for a year. If you get a non family member to cosign for you, they also must live in the property.
My question is this, how strict are they? Do they check up...
So I am 20 yo and I graduate later this year with a Computer Information Systems major. I have a 740 fico score and I am still working to build my credit as high as possible. I am also saving up as much cash as I can....
Hi BiggerPockets Forum, You guys have been an incredible help in the process of buying a property. However, since I do not have a pre-approval, I cannot move forward. Here is the issue. I am currently in college finis...