We are interested in buying and living in a property we flipped. It was purchased and renovated with a hard money loan under our LLC. We’d be taking out a personal mortgage. One broker told us we could take a mortgage...

Hello!
I am under contract on a 4-plex in Downtown Chattanooga, TN, each unit consisting of 1bed/1bath. I intend on marketing it as a mid-term rental for both healthcare and travel professionals, and if need be, some...

Hi there,I'm searching for my first out-of-state buy-and-hold investment property and after speaking to several lenders and realtors, I'm hearing different things that I hope to get some clarification on:1. To qualify...

Hey everyone, EIN filing time for my single member LLC. My attorney was so kind to include some documentation about filing for the EIN...but alas my simple mind cannot figure out this quote for some reason. Or maybe I...

Hello,
just wondering when purchasing/financing properties is the only option to put down the 25% is cash? Is there any other option for down payment such as cross collateralizing other properties or assets?  Lastly,...

Dear BPersIf I apply for a loan on a new property with the intention to move in and treat it as my primary residency, what are the minimal years that I need to live there? If I need to move before that minimal period ...

My husband and I are under contract on a vacant piece of land. This will be our first project, and we intend to build a single structure with 6 units that we will hold long term. We will NOT be subdividing the land, a...

Me (and wife) are from Tennessee. My brother and his wife are from California.  WE are planning on buying our first single family rental property in Tn. I and my family will be the first "tenants" for the property. Ou...

IRS released guidance yesterday saying that any PPP expenses that are forgiven are NOT deductible for Fed income tax purposes.  In essence, the forgiven funds are taxable, in direct conflict with the Cares Act.  Congr...

Hello BP,I am looking for my first rental property and was wondering what people keep in reserve for a deal.  Since it will be my first property I will be able to get it for 5% down, which will only be about $8K, ther...