At what point do you start qualifying for commercial loans? When you buy something more than 4 units?I ask because we have an LLC and want to transfer then from us to our LLC at closing. But then at some point with BR...
Hello everyone,
I’m relatively new to real estate investing, and this is my second fix-and-flip property. Unfortunately, I’ve run into a major issue: I received a Stop Work Notice on my property in Covington, GA, bec...
Hey BP! I have a question and I thought I get your perspective first before taking action. I currently rent from a multi unit apart complex out of Newport News. It has been hell from the start but I am imprisoned by m...
Hello all, I figured I would give this forum a shot to see if there were any real estate attorneys out there or an investor who has come across asimilar scenario. This particular property has been vacant for 10 years,...
Basic strategy I am contemplating is buying a SFR outright to rent out. Then take a equity line on this for 60% LTV and purchase an additonal foreclosed SFR to rent out. Then use both rental incomes to pay off the equ...
Hey BP Community,I've got a friend who is a veteran and asked for my help to get into investing and I'm more than happy to help him out however there a concern that came up. He's on SSDI (Social Security Disability In...
Hello, Today I closed on the sale of my apartment building. It was held in LLC "A". The funds will be held by 1031 Exchange intermediary.Do I have to buy the new property under same LLC "A" or can I form a new LLC "B"...
Our current management team is not working out. They also have complete control over access with airbnb/vrbo, etc as well as 'own' the reviews. If we were to change management (likely) all reviews would be lost, and w...
Does anyone have a specific drug and/or illegal activity clause in there lease agreement? Including drug use, selling, making/growing? Any verbage would be much appreciated.... just want to make sure are butts are cov...
Curious to know whether there are any tax implications of quitclaim deed-ing a property (owned outright) that is owned in your personal name to your own, single-member LLC? And if you were to do it, what do you list t...