Eli Rods
Does a K1 loss negatively affect my personal mortgage
I am a GP investor in a syndication and received my K1 for the syndication for last year amounting to -$150k. I have recently applied for a primary home mortgage and the lender’s having a hard time overlooking this ne...
Aydin F.
Converting a property with personal mortgage to an LLC.
Hi, I had two questions regarding the process of converting a personal property with a personal mortgage attached to it to an LLC. After communications with a lawyer and the mortgage lender we are in the following sit...
Reese W.
Pay mortgage with personal checking account or LLC's account?
I have all my investment mortgages on auto pay with my personal checking account which I like because I have plenty of buffer and don't have to worry about shortages from vacancy loss etc. However I just purchased my ...
Shannon Mease
LLC with multiple partners and mortgage in personal name
I am a partner in an LLC with three other members. This is our first venture into real estate, and unfortunately banks won't loan to a new LLC; therefore, one of the partners is going to place the mortgage in his nam...
Jeff Zhu
Expense Write Offs - LLC Title & Personal Mortgage Loan?
I am a newbie in RE investing and I humbly ask for your educated opinion and guidance.
I want a single family unit titled under my LLC in partnership (lender is fine with LLC title)
I want the cheaper residential ...
Herman Homes
Transfer Home with Person Mortgage to Multi-Member LLC
Hello, I would like to purchase rental property with a business partner and ultimately house it in a multi-member 50/50 LLC. We realize we won't be able to finance the house through the LLC directly, but it seems pret...
Assaf Kehati
Help with getting a mortgage for low income person
Hey guys I need your kind help and expertise!Here is the story:I have 90K cashI'm looking to buy an investment property for cash flowMy credit score is great (above 800)I don't have any debtIt's the first house I'm bu...
Warren E.
Rental Real Estate Mortgage in LLC or Personal Name?
Howdy all:Buying rental real estate property. 2 options for mortgage:1. Mortgage in my name: 30 yr fixed rate 3.5%, is in my own name. Get lots of general liability and umbrella insurance covering property, run all r...
Sharona Coh
Convert personal proeprty into rental - Impact on mortgage rate
Hi All - We are moving to another state and want to convert our personal property into rental property. We lived in this property over 3 years and do not want to sell it. We have a nice mortgage rate and really do not...
Drew DeSousa
First Rental House, First Step In Financing
Happy Thanksgiving BP Forums!My wife and I have been researching into real estate investing the past year or so and are ready to pull the trigger and buy our first investment!We are looking at a buy and hold duplex or...