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I just listened to this podcast episode: https://www.biggerpockets.com/...Ryan mentioned that he has his mortgage in his own name but uses an LLC for the "rental business" aspect of income and expenses. He did not men...
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Hey Everyone,
So i was doing a flip which i purchased with a hard money loan under my LLC like i do 99% of the time. After renovating the property, i decided to keep it to myself and live in it.. Currently, im tryin...
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I have a personal mortgage for my rental but it’s owned by LLC so rents goes to business account. How do I pay personal mortgage using those rents? I read the below approach online and wanted to see if this is correct...
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Hi all, have another oneI was in the process of registering an LLC for my investment properties; I don't have cash, and financing I have heard for an LLC will be much more difficult than if I were to put the property ...
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Hey BP!
I found an off market single family home in my neighborhood. I've spoken to the owner and know her asking price ($75K). It needs a lot of rehab. Probably around $40K. ARV should be around $160K. This home w...
Is it a good idea to try to get a few properties at one time if you have average credit (620-700). I was told to aquire a few within a 60 day period because they would not hit my credit report for that amount of time....
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I have a question for you guys, hopefully i can get some good feedback. My wife and I have our first buy and hold that is cash flowing very well and we believe we have around 30-40k in equity. We have owned the home ...
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Acquired my 1st Investment Prop. It needs some work & I’m trying to choose the best financing strategy. Hard money? Small Business loan? It is held by my LLC so I’ve been told that a HELOC is not an option as i...
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I need some help thinking this through and making the best long term decision. I have 2 commercial mortgages that are on 5 year ARM loans with 15 year terms and 3 personal mortgages with 20 year fixed rates. I am a bu...
I'm having trouble understanding how the follow works, or is done. You buy a property with a personal mortgage, and you are there for a couple years. And then you want to keep the property as a rental, and move into a...