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I'm looking to move my single family houses into an LLC instead of my personal name.
By doing this transaction, will the county recorder consider this a sale of property thereby re-assessing the property value for pr...
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Attn: I don't need a lender because I already have one. This post is only about the strategy of moving a 50/50-held personal asset to an LLC-held asset, including a mortgage. The purposes are to buy out my partner + h...
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Hi all, i have been lurking around bigger pockets for the last 6 months or so. This site is very helpful, especially for wishful newbies like myself. I finally closed on my first investment property a few weeks ago. ...
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An investor sent me this yesterday.
Ok great! Maybe we can work together I’m working on a wholetail deal and I have minor work finish. I’ll flip your investment in 30 days all above board on contract. You can come i...
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So me and my father-in-law have verbally agreed to form a partnership for investing purposes. I've already opened an bank account for it. I put in 75% and he put in 25%. Anyone have a form to make stuff like this o...
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Here is some language from the one we are using:
2. The entire proceeds of this loan are to be used for a business purpose and not for personal use and the property will be rented for a period in excess of 12 months....
Hi new to forums, and to the world of real estate, Please excuse my ignorance if any, your feedback is greatly appreciated. I purchased my first investment property (2Fam) with cash (raised from investors)The house wa...
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Hi all,I used to rent my home on Airbnb and recently received a request from someone interested in renting my house. However, this person is requesting the rental on behalf of his company. (it’s a legit company). the ...
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So I know this a long running debate about whether a LLC is worth the trouble particularly due to the well known issues of getting conventional financing for one. Many people passionately encourage having every proper...
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Hi all,My wife and I were looking to bid at an auction in two weeks on a preforeclosure home. We got a notification today that the sale was cancelled due to reinstatement of the mortgage. The owners filed bankruptcy i...