'We are transfering property that is under our name to an LLC. We are planning to use a Special Warranty Deed. We want to continue to use our SSN rather than to get and start filing using a EIN, has anyone had experie...
I'm set to close on 2 rentals this month. I got a preliminary HUD sheet from lawyer. Under the 1100 lines for Title Charges, 1101 "Title services and lender's title insurance" is filled in. 1102 "Settlement or closin...
In May of 2019 I created 2 LLC's for asset protection for my properties in Chicago. One LLC was formed in the state of Wyoming as a partnership to hold my IL LLC as a single member which holds my properties. I've setu...
Good morning, BP community !! I am going to submit an offer to a 2 families house w/ finished basement in Hudson County NJ. Both units are occupied. One of the tenant is paying under market rent ( whom had been liv...
I bout a property 1.5 years ago and inherited these tenants. That are bad and dirty tenants. I made the mistake of letting them stay. Anyway, one of the first things I did was to replace the bathroom ceiling, which wa...
I have my first property in a personal conventional loan and have another property. When trying to pull out home equity via HELOC, the DTI was too high despite everything else looking good. I was thinking of how to mo...
Hi friends,Has anyone encountered an issue with a cashout refinance DSCR loan with the title company underwriter? Im refinancing under my LLC ( with no intention of homesteading on this investment property ) My file w...
Greetings,I am interested in a multi-leg deal in Holliston, MA. MLS# 72292342This is a single family rehab deal on an 8 acre property. The gentleman who landed the deal got the property under contract under his family...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $25,000
Cash invested: $35,000
Completely gutting and rehabbing/rebuilding. It's certainly a learning opportunity. ...
I have couple of SFH and condo under personal name and one house under LLC. When I try to get home insurance under LLC name, it is almost double premium I am paying and not all company is ready to write the insurance ...