Bryan K.
Refinance an investment property purchased with cash thru an LLC
Hi all, 2 of my business partners and I are set to close on an investment property in Chicago next Friday. The seller already had an all-cash offer, and it was a great deal, so we looked for a way to beat out the oth...
Erik Stone
Refinancing in a LLC
We paid cash for a house we were going to flip. We titled the house in the LLC. Now We want to BRRRR this unit. The rehad turned out very good. This will make a great rental. I would like to keep it in my LLC. What o...
Clint Vonburg
Using credit cards to purchase properties.
So, I've heard on the podcast that others have used credit cards to purchase properties before but I am having trouble figuring out how they got the funds off the cards to pay for anything. You see what my plan was wa...
Serge S.
Due on sale clause was called by bank!
I wanted to share a recent experience. I recently received a letter from one of my lenders (Flagstar bank) calling out a deed transfer I made around 2-3 years ago. I transferred a deed via quitclaim from my name into ...
Nick Benedick
Partnerships and LLC’s
Good morning Community,I just rented my first property out that I own by myself. I want to partner with someone that lives out of state so I can grow a bit faster. My question is, when do I set up an LLC? Assuming ...
Michael Gelatt
Refinancing my duplex
Hi all. Looking for some advice. I purchased a rental property last year that is titled under my LLC. I purchased the property with cash after I took out a HELOC on my primary residence. I first transferred the mon...
Robert Williams
Property not under LLC - can LLC still be used to manage rent and expenses?
Hi All,Will be buying a property soon. I can choose to get a conventional in my name (best rates), or a DSCR in my LLC's name (slightly higher rate and prepayment penalty). Currently leaning toward getting it in my na...
Janelle Niles
Question(s) re. "Subject-to" purchasing of homes
Hello: I've read that one risk of buying properties "subject-to" is that the seller/mortgage holder may file for bankruptcy, and the home can then be foreclosed upon. However, if the buyer is paying the mortgag...
Doug Kolb
Need to move mortgage from personal to LLC
Hello,I own a single family rental home in Memphis. i bought it and financed under my name not knowing any better (in 2015). Looking now to put it under an LLC (which I have already), but my current mortgage holder ...
Bryan Satter
Trouble in Philadelphia
Here is a sticky situation - happy to hear any suggestions!I purchased a multi family in Philadelphia. Along with a partner we bought in the name of an LLC. Borrowed some private money (family, friends, etc). After ma...