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I have recently set up and LLC and am going to be buying 2-3 rentals withing the next 6 months. I currently have none as I have sold the single duplex I had. I am wondering what, if any drawback would be of buying the...
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Which tool/software do you guys use/recommend to track your income and expenses for your rental properties? Thanks!
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Hi Everyone I have a full time job as a business analyst but I want to build wealth in real estate. I’m ready to take a leap of faith. You all in BP are awesome and this forum is phenomenal. I’ve learned so much wi...
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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...
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We currently own 3 properties but we dont want to keep taking these loans out personally. Does anyone have any advice? We usually put down around 25%.
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I am trying to find out if I can transfer property to an LLC for the purpose of lowering my DTI and lowering my debt on my personal credit report...And if the bank asks for a personal guarentee will that show on my cr...
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Hello BP!I have a unique question I'm not sure how to handle. I am closing on an investment property using a 20% down conventional loan. The loan and property will be under my personal name initially. I would like to ...
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Like the title says, can you buy a property under an LLC using a line of credit secured by a rental property under personal name? What are the ramifications? Thanks
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Hello PB family. I live in the Seattle area and want to buy investment property in Houston. With today’s interest rates I would qualify for about a 500k loan in my area to purchase a primary residence. I am trying to ...
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I am thinking to purchase my rental property in LLC. So far, I was told the mortgage rate and insurance for LLC will be higher than personal. Are there any additional fees if purchasing the rental fees by LLC? If so, ...