Frank Jiang
Wife's loan application rejected because she doesn't own primary residence?
Hello BP,My wife an I ran into an interesting situation while trying to purchase our second out-of-state buy and hold property.Currently, all loans have been taken out in my name. At the time of this deal, I had our ...
Jessica Sultani
MMLLC, non-US citizen, and taxes
Hello! My husband and I are planning on forming a multiple member LLC consisting of just the two of us. However, he is not yet a US citizen. I’m wonder if any CPA’s can confirm if we can still file as an S Corp for ta...
Parth Desai
Seeing suggestion to start investing in real estate on H1B
Hi,I'm currently on an H1B Visa. I'm hoping to start investing in real-estate with my friend who is aa green card holder.Currently, we are planning to get a house on our name and then we ll rent it out.We also thought...
Michael Wolffs
Registering apartments in Jersey City
I own a three family in JC. I've heard that in general it necessary to register apartments/leases with localities NJ. I already have a green card (no longer an actual physical green card) registration with the state...
Chris Mandle
Attorney review red flags
I am in attorney review on a 3 plex in Newark NJ. This will be my first investment property. Couple things are turning me off and curious if I am justified:
1) Property is fully occupied, but the seller does not have...
Mark Fulop
What is EB-5 Visa Program? Requirements?
Are you a foreign national or US citizen currently purchasing a property in the USA? If so I can help you fully understand the process of applying for a EB 5 Visa as well as the lender's underwriting process. ...
Steven Primiano
DCA rules and regulations in New Jersey
Hi, I’m looking to purchase a 4-family in Monmouth County and am trying to find the requirements or inspection criteria to get a green card from the DCA. Their website is a maze. The current owner has never registered...
Christopher Figueroa
Three Family Irvington New Jersey (Three unit NJ)
I'm new to BP and last week had my offer accepted on a 3-family house in Irvington, NJ. I I calculated a $4,800 monthly income (3/1,3/1,2/1) with $2934 in expenses (including P&I) and with a cash flow of $1864. ...
Ben Ravenscroft
tax implications for resident becoming non resident
I'm in somewhat of a unique situation - I'm currently looking to make an investment in a residential property as a permanent resident / green card holder. However there is a small chance that at some point I may lose ...
Deep Johal
203K Loan - is this possible?
Hey all I have a question about the 203k loan...I'm looking to partner with a friend who has a work visa for the USA (he's lived there for 2-3 years already) but doesn't have a green card. We want to buy a 3/4 plex in...