Dustin Leonard
Should I start an LLC or wait until I actually have assets?
Should I start an LLC right off the bat or wait until I actually have an asset or 2 and then transfer. If I should transfer later, what do I do about the "due upon transfer of ownership" clause from the bank? Can I ge...
Ethen Weaver
Land Contract, ideal for first time investor or idiotic?
Good morning everyone in the BP community!My questions today are about land contract and their interest rates.If I have a finiancier that happens to be a family member that is willing to pay everything up front for a ...
Mark Williams
A couple "Subject-To" questions
I've been reading up on Subject-To sales and they sound good on the surface, but I have a couple questions:1. If I buy someone's house and take over their mortgage payments, they have to move somewhere else, but the m...
Rashid Khalil
Lien Off using a bond
If I use a discharge bind to remove a lien for title transfer, can i transfer the lien back to the property after the transfer to free my surety bond money?
thanks
Justin Tahilramani
Purchasing a REO using 0% Balance Transfer
Hello,
Just looking for a little advice. I have an REO that I am considering making an offer on. I feel confident about the numbers, but I wanted some advice on using a 0% APR CC Balance Transfer to float t...
Andrew Merritt
Quitclaim to LLC, Due on Sale Clause Triggered
Hello, I have four properties and 10 units. All were purchased in my name. My accountant advised me to set up an LLC for them, so I did. I contacted my lenders to see if it would cause the due on sale clause to be ...
Daniel St John
Landlord - Holding Property Title under LLC Question
All,I am being advised to put my rental property into an LLC to limit Personal Liability. Would transferring my property title to an LLC while being personally obligated on the mortgage, would that assist me limiting...
Mike Ganske
Conventional loans on SFH owner in an LLC
New to REI here so any advice is helpful.
I understand tend the importance to own your rental in an LLC, however it can be difficult to get banks to give you a loan for a house owned in an LLC. I would prefer to not...
Graham Gordon
Transferring the deed of property to my LLC? Or Triple net lease?
Some friends and I are trying to start a business owning/operating short term rental property. We formed an LLC for tax and legal protection purposes. When we found our first property, I took out a conventional loan ...
Olivier Chaine
LLC Transfer - for Loan
Somewhat unusual situation: we are in escrow on a property, and the current lender was going to underwrite the new loan. Due to complications in due diligence (seller financials), the only way that it makes sense for ...