Hi All:
Here is the scenario:
Purchased SFR rental properties 1 year ago for cash
Properties held in an LLC for asset protection purposes
Bank said need 1 year seasoning on properties to finance, so...
I am interested in how others are handling insurance for rental property held in an IRA.Do you name your custodian as primary insured with yourself in some form (I.E., Name of IRA Holder) as an additional insured, vis...
Hi there,I'm wondering: if I have a property management company managing my rental property (say SFR), are they liable for lawsuits from the tenant regarding contract language, security deposits, mismanaging (not resp...
I am in a Judicial Foreclosure state. From a lender's standpoint, are there any additional complications when foreclosing on a mortgage secured by a property owned by a trust?
Thanks
Hey guys - I'm looking to refinance a property I have currently held in my LLC. Called a couple lenders and it sounds like I'm going to have to quit claim it back to myself to do the refi using a conventional loan. ...
Hello all - I just closed on a rental purchased by my IRA/LLC. Probably 10 days to 2 weeks away from advertising for renters. In the meantime, can I put utilities in my name personally, as long as any and all expens...
This is my first non-intro post, so hoping this is the correct place. Quick background. We bought our condo in 2001. We kept it as a rental when we moved to our current house in 2008. We are currently in the process o...
Hello Bigger Pockets Network,My name is Jason Cunningham, and I am a Realtor in Newport Beach, CA. I have a client who owns a handful of properties in the Orange County area. The married couple owns their properties...
I’m the co-trustee of a family trust that holds a single family rental and my father’s primary. Both are paid in full. I’m planning to get a loan from the rental ($400-500K) as seed to our next purchase.
Title is h...
Hi BiggerPockets Community!I'm about to purchase a property for a short term rental and trying to figure out whether to hold the property in a newly formed LLC, trust or in my personal name. It seems like MA encourag...