Hi all,Recently I closed on my first investment property in the twin cities area of Minnesota where I'm also using it to house hack. I'm wondering how to go about setting up a new bank account for the property to keep...

Hi all,I'm a bit confused here because I've heard all sorts of things.Most books I've read tell me to purchase rental properties with an LLC. I spoke to a mortgage broker who said an LLC can not get a mortgage, it wou...

I was contacted by a woman named Faith Lee on Linked In. She works for El Solutions LLC. The website for them shows they do payday type loans, small amounts. I told her I don't think there would be any need since I ne...

Hello all! We are looking to start on our first couple properties. Have found our first one we'd like to submit an offer to. We have a pre-approval for a conventional mortgage. My questions revolve around the loan and...

I have been doing some research on the BP forums trying to find some answers for this.  I did some digging and was able to find a list of probates and Fiduciaries from the past year for my target market which I am loo...

Hello! My wife and I are under contract on a second home, and we plan to rent our current house out.  We are excited to start this journey.  We plan on managing the rental ourselves. I am curious if we should start an...

Hello, My name is John-David and I am a new member to this community. I started researching Real Estate Investing about a year ago with a long-term vision of building a Portfolio of Single/Multi-Family Rentals. This t...

I own two properties in Duval Florida; each cash purchase and therefore without a mortgage.  I put both properties in my LLC name - not sure why other than validating LLC.  Well it's harder to get loans and most cases...

Hi all, I'm very new to all this and would appreciate any advice you are willing to share. Goal is to do my first BRRRR or Flip in Q1 2021. Today, I identified a neighborhood to target for off-market deals. I then dro...

I want to build a rental property portfolio. I’ve heard several investor say “It’s best to do an LLC for rental properties”. I do agree with that statement, but how do you obtain a conventional loan under an LLC? I w...