Mortgage: Taking a personal loan vs. commercial loan..the pros and cons of each( besides interest rate) and which one do you do on your investment properties?
Hello,My name is Donovan and I'm from the Columbus Ohio area. One of the things that I've been really digging into is the real estate investing and I'm totally sold on the idea and the concept. I'm pumped to get sta...
I've been reading about transferring a personal mortgage to an LLC and thought it would be a good idea for my personal investing journey - though I don't have any properties yet. One thing that I've seen come up is th...
Does anyone know the process/feasibility of transferring an existing personal mortgage to a newly created LLC. The goal would be to maintain personal responsibility for the loan, however, the transfer would allow the ...
As a new investor doing the BRRRR strategy, I purchased a 2-family with a personal mortgage 20% down in September. I’ve done some renovations to it and have a 2nd unit currently vacant. I plan to cash-out refi when it...
What does it mean if I am the LLC owner " own the mortgage under personal name and the property deed under LLC"?? How will the bank agree to use the personal mortgage on the LLC property?I want to own a LLC and have ...
Hello all,I am looking to move the family to a better home for us. I am considering keeping my current personally owned home/farm and renting it as horse owner property. already completely set for 2-4 horses. my perso...
Hi, friends! Looking for advice on how to buy/finance an investment property and a new home at the same time. I currently live in a rental home that my landlord may be interested in selling to me. I’d like to purchase...
Hello BP! Right now I am currently investing in Pennsylvania. I have about 100k liquid cash and purchases 2 properties. Both ran me 87k cost and construction so until I cash out REFI my money is stuck. Im looking to r...
I started my LLC in 2011 and have had a rental condo that's done pretty well inside it(Loan closed under LLC name with me as personal guarantor). Tax returns will show a minimal gain because of writeoffs and maintena...