Bennet Sebastian
Personal guarantees from limited partners
So I just got turned down for a construction loan from a local community bank for a spec medical office project that I am planning to build. I have the site under contract and all of the numbers work. I have a several...
Rich Hupper
Irrevocable Trust question for the Tax and Legal Pros!
Thank you to anyone in advance that could help me with this loaded question / situation. My father use to own a piece of industrial land with two commercial rental bays on the lot. About 9 years ago he transferred tit...
Emily Dixon
Anecdote on how fast you really can build a house
It is all about scheduling and handling your manpower.
In 2008 Lennar Homes was building a tract in Lytle Creek in Southern California. Tract builders always complete model homes first so they can start selling them....
Stanley Yang
How to transfer property title from two-member LLC to ourselves?
My fiancee and I own a rental investment property under our LLC (structured as partnership; 50%-50%). The property was bought with cash in August of this year, and it's in San Bernardino county, California. We just ...
Account Closed
Talked with a Lawyer Today. What do yall think?
Brief Background. I live in Texas. I'm an engineer by profession. I've owned 4 rental properties at one point in time. I've since consolidated down to one rental property that I currently own. My plan/aspiration is to...
Aaron Scott
Options for a Brrrr in path of progress
So I've been renting as I'm recently out of a divorce and I've got to say i really enjoy not having much to take care of, even if it costs me some money. I feel like it's saving me time that I can use to further my in...
Tom Scott
Sinkhole Home as a Rental?
There is a home for sale locally that has had a sinkhole repair. By all accounts the problem is solved but it's value is obviously damaged irreparably. Would you buy a house with a repaired sinkhole to be used as a re...
Timothy Thornton
South Florida Local - New to Bigger Pockets
Hello BP Community,My name is Timothy Thornton and I am thrilled to join the Bigger Pockets community! I am a South Florida native who currently resides in Lake Worth Beach. My real estate journey started almost six y...
Julie Verardi
When to form an LLC?
Hi, I currently have two properties in Jersey City that I rent out and am working on getting my third. When would be a good time to start an LLC and switch the other two properties over? I currently have umbrella insu...
Ricky Armstead
Development units per acre
Hello BP I'm looking at possibly doing my first development. I been sitting here trying to calculate how many multi-family units can I put on the lot. I can’t seem to figure the math needed for this.
The Lot size ...