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As a new out of state investor, I’m wondering how best to a accept payments if the tenants want to pay with personal check. Should I just open a bank account at a national big bank so they could deposit it at said ban...
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How can someone avoid probate and the due on sale clauses when passing 1-4 unit investment properties to children? What structure works?I'm most interested in hearing from people who have actual experience and have b...
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When times were good many newbie investors would buy property from banks promising that the property would be "owner-occupied" meaning the bank would give the new owner a better interest rate since it assumed that per...
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Of course many states have slightly different regulations but in your city does a quit claim activate the due on sales clause. I'm doing a deal now in California that we are wanting to do a quit claim than a refinance...
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Hey Everyone!!My business partners and I are in the beginning stages of getting our rental portfolio going and about to close on our first SFH. We’re paying cash for the first house and it will be in the LLC. The issu...
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Hello everyone.
Let us assume we have found a SFH or even a Multi-Family. Ran our numbers, did our due diligence, and made an offer that has been accepted;
1) I have an LLC, but when researching banks, they will not...
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Greetings All!
I’m brand new to the forums as well as being brand new to the business. I’m really looking forward learning from the collective wisdom from the members of BiggerPockets; someday I hope to be able to p...
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Owning properties in my personal name makes me a little nervous, but the financing terms are just so much better with residential financing for single family than commercial.
Anyone on here, have you actually had yo...
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I have a few rental properties with mortgages I obtained in my personal name. Am I allowed to transfer the property into my LLC via quitclaim deed? Do I need to inform my mortgage company? Would they even allow this? ...
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So as I get into the journey of learning more about rentals and trying to hold properties instead of only wholesale them. One thing me and a good friend of mine were talking about is how there is a possible downturn (...