We have a husband and wife that have applied for one of our properties (both of them applied individually, as instructed). The wife meets the minimum requirements, but the husband does not meet the credit score requir...
My wife and I bought our first condo in our own names. We recently sold that condo to 1031 exchange. We had bought the condo with a conventional mortgage in our individual names. For 1031 exchange, we can't close the ...
I talked to my first hard money lender yesterday and they said they don’t lend to individuals, only legal entities. Is that common for hard money lenders? Is it a good idea to set up and entity for that or to find a H...
Hi folks, I was just shy of the finish line on a cash out refi on a rental I hold in an LLC...when today my Lender called and said a 'new Fannie Mae guideline' prohibits cash out refinances on properties owned through...
I have some how gotten by with renting to mostly individuals who earn 3Xs the monthly rent, but for roommate rental situations I have been requiring each individual to earn 3Xs the monthly rent. Is it asking too much ...
If i open a LLC in one state (RI), and buy a multi in another (MA/CT). Do I need to fill in the other states?
I'm a newbie to BP...love the depth of knowledge I'm seeing on here.If you keep your quest for private mortgage lenders with people you know...are there any disclaimers or disclosures that "need" to be made to these p...
I haven't seen anything here for a while on this topic. I set up my own S Corp years ago; it's really only about 3 steps. One hiccup I'm foreseeing.. In September 2019, House Bill 3609 passed, removing county filing r...
Thanks to BP community. Bunch of knowledge out there which we could lean on espcially from overseas. Would apprciate if some of the lending gurus / specialists could guide me on my below scenario
Overseas investor ...
Hello,I have a home that I am flipping under my own name but received private money from a family member. I am going to pay that family member their principal plus interest. Is the only form which needs to be sent to ...