Nick D.
Personally guarantee the mortgage but deed the property into llc
I have a property in Ft. Worth Tx that I own all cash and want to refi cash out and do a good 70/30 LTV. I want to make sure that the deed is in the LLC name not in my personal name and have been told that I personal...
Anthony Richards
Getting a mortgage on properties purchased on a personal loan?
My friend owns about 7 properties in Rochester, NY that he purchased through a variety of personal loans.To my understanding, he can’t refinance his properties (or can he?) because he doesn’t have a conventional loan ...
Rob Gervais
Refi on an LLC-owned Property, with personally-held mortgage?
Hello everyone, I’m new to BP and I was hoping you could shed some light on one of the steps in the BRRRR method.
My LLC owns my duplex, but the loan is in my name. Can I do a cash-out refinancing, or will I have to ...
Juan Pablo Murillo
Benefits of Not Forming an LLC
Hello BPers,This past 2018 I purchased two rental properties under my name. The earnings are under an LLC after filing a quitclaim deed. I'm curious if there are any tax benefits of not renting your properties under a...
Bridgett J Bell
DSCR Loan docs question
Hi
I applied for a DSCR loan to cash out on a free and clear 4plex held in an LLC but the loan officer is asking for my personal bank statements, personal home mortgage statements. I don't understand why I need to su...
Jack W. Wong
real estate partnerships
Hey all,I wanted to know if anybody has experience or input regarding mortgage partnerships?I am planning to partner up with a investor in Houston on a multifamily project where he will be my boots on the ground as I ...
Luis Valdez
Questions regarding Credit Score & Real Estate
Hey BP nation,How do you raise your credit score?How do I get rid of hospital bills on my credit?Whats the score you need to have in order to get approved for the best interest rates?How many times does your credit sc...
Bruce Harding
Need Advice on How to Handle OTHER INCOME on Loan Application
I am applying for commercial credit. I have 2 scenarios that I don't know how to handle on the application.1) I am applying for the loan and not including my spouse on the application. She pays a certain amount of...
Tim Kavanaugh
Porfolio Loans under $50k??
Hello my partner and I are looking at a SFR condo that is priced in he $35-$40k range. We love the numbers as the rents are $1100 per month with a long term tenant. However, we realize that this price range isn't some...
Priscilla Y.
Looking for commercial loan agent!
I'm interested to know more about Commercial loan and how to qualify for them. We just started looking into OOS rental properties and also looking into setting up LLC. We owned rentals here locally and wanted to under...