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I need to form a LLC in order to satisfy my lender requirements. The 12 unit apartment is located in Cleveland, OH. I live in San Diego, CA.
In what state should I setup the LLC? Should I use a real estate attorney o...
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Ok members - be gentle...am new at this and I am learning everything I can WAY before I consider a purchase. I am reading articles, listing to podcasts, compiling a recommended reading list (reading "The One Thing" c...
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Hi,I am gearing up to transfer my rental properties into a single member LLC. These properties have mortgages in my name. I am aware that the lender could call the mortgage due but it seems to be extremely low risk....
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Hello BP community, new investor here, I recently found a rental property that produces a great CoC return. Turnkey Duplex already producing cash flow at current rents. After running the numbers by my parents, they ho...
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We have the opportunity to re-purchase my wife's family home in Phoenix. All we have to do is refi/pay off the existing reverse mortgage which then transfers the property to us. We are going to cover this debt one hu...
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Hi fellow investors,
I recently inherited a fully paid off investment property, I estimate it's worth $500k. It is currently cash flowing $1300 a month. I have student loan debt from grad school with a balance of $16...
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So there has been some uprising in the discussion of Sub2 investing and the Due On Sale Clause.
Most recently, a blog post of mine titled: Attention: Residential Real Estate Agents
The topic of that blog post was t...
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A BP friend and I have been talking about forming a partnership by doing a fix and flip deal together and we need some guidance. Here's the rundown:
We are splitting costs 50/50, profit share is 75/25 (he ...
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Hi BiggerPockets community! I am in the middle of a deal and wanted to ask you guys if everything is kosher in this particular transaction before proceeding.My partner and I got our first wholesale lead by doing direc...
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Question: we are closing on a home November 30th and plan to rent it immediately. The current owners have vacated the property already and have asked if we would be okay placing a renter prior to closing. I have many ...