Hi BP, little background: currently own and renting out a triplex, the property mortgage is tied to my name ( No trust, corporation) holding the property. Now my current plan is to purchase more rental property, how...
I am currently a w2 doctor with a house in town A. I am planning on moving to town B (90 miles away) and becoming a 1099 doctor (town B is now my primary residence). I will still likely be doing an outreach clinic i...
I am currently a w2 doctor with a house in town A. I am planning on moving to town B (90 miles away) and becoming a 1099 doctor (town B is now my primary residence). I will still likely be doing an outreach clinic i...
When I decided to live/work abroad, I needed to rent out my home. A friend recommended a realtor. I've worked with her twice to rent my home when I needed to find a new tenant. She was great! However, she can no longe...
Is a business purpose loan which is secured by borrowers primary residence similar to a business purpose loan secured by a investment property?
Are there any special criteria which the lender has to meet for...
Hi all - first time poster here! I am shopping for a personal loan to cover $20k worth of costs for a rehab project. The funds will be used for labor and to help pay some of the mortgage during reno. After reno, th...
My husband and I set up a LLC intending to run our future real estate business through it in 2016. The first rental purchase was done in our own name (title, mtg, etc.) and we did not transfer it to the LLC name (fea...
Me and a friend bought a property together. He has great credit And i had the down payment in a 1031, I am the primary signer on the hard money loan he signed as Guarantor of the loan. We can’t seem to get it refina...
Hello, fellow private lenders:
How do you treat the profit split at the back end? My broker said it would be treated as interest income. That means I have to pay additional 3.8% net investment income this year. If I ...
Please tell me your thoughts.