Newbie here. Looking to get into multi family properties. I need some direction regarding LLC's and loans. Almost everything I read says in many cases an LLC is a good idea to protect your personal assets. However in ...
My residency is in Atlanta and my two investment properties are in Indiana. Based on my meetings with the attorney, I have created two sets of legal entity. 1.Traditional LLC in Georgia (Operating LLC)--> This has ...
Hello BP. I am just starting to develop a real estate portfolio and I would appreciate your advice with reference to tracking business expenditures. I have not done a single deal, but will enter real estate with sin...
im new to the real estate game
my question is, if an investor forms a LLC how do they go about building credit rating for the LLC or is the credit of the owner or owners is taking into consideration?
thanks
Hey guys,Just looking for some knowledge from someone with experience in this arena. I have an llc in which I have been purchasing properties through already, however the banks usually charge 20-25% down payment when ...
Hello, I'm about to close on my first rental property. I'm going the traditional 30 year lender mortgage on my personal name I'm not sure if they have a due on sale clause but lets assume they do and I can't move this...
I am in negotiations with a personal representative of an estate to purchase a home owned by the estate. It would be a short sale.I know standard policy of a short sale is that seller cannot be allotted any funds by s...
Hi BP,I just bought my first duplex and wanted to get some advice on whether I should open a business account as a sole proprietor or LLC and what bank accounts I should be considering. Are there any particular banks ...
In recent months, I have been taking steps to improve my credit score. That being said, I still have a high interest rate on my one credit card. Is there any strategies on how to get the credit card company to lower t...
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...