Connor Bell
Calling DC RE Investors! Which Basic Business License do I need?
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...
Alex Breshears
Clearing up something about private lending...
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...
Lucia Rushton
Hard Money asking for Loan to be in an LLC
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 ...
Micah Smith
LLCs and lending on SFR properties
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...
Sean Harris
Pulling out 401k money for investing
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...
Jason Avila
Thrift savings plan loan
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...
Kerns Churchill
Arizona Residential Rental Property Registration
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?...
Derrick Jones
Baltimore Rental License for Multi-unit Properties
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...
Angela Zaitz
ADU - splitting existing SFR
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...
Zach Taylor
Need Properties in LLC for Commercial/Portfolio Loan?
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, ...