Hi, I am a newbie trying to purchase an STR property and hoping to save on my taxes from my W2.
Could someone please help me understand what type of loan is best for my situation? I thought of getting a commercial lo...
I am preparing to purchase my first rental property and have a question for the community. Asking the same to my accountant and will post his answer as well.
Should I:
1) Purchase in my name using a personal bank loa...
I want to buy a 3-family in an LLC but can only get mortgage on personal loan.
I am getting conflicting advice from RE Lawyer and accountants.
ANy advice would help, esp. if you did this in New Jersey
* Can i buy in ...
Hi All!My name is Jeff Byrne and I’m from New Albany, IN. First time poster, haven’t even gotten started with our plan. My family wants to start in the RE game by renting our own home after making some upgrades to the...
Hi BiggerPockets Community - My business partner and I are starting an LLC, and we want to transfer an existing asset property into the LLC, so the LLC can have a positive net worth and we can start the "credit rat...
I have formed a new LLC and will be going to closing on a new property. My question is when can I transfer the property from my name into the LLC? what are the steps involved and the cost of each step? What can I expe...
I have 1 rental in Fl, and I am planning to buy 1-2 in 2021, so my question is at what point should I open an LLC? Also If I open an LLC I will no longer be eligible for 30 years fixed rates and lower rates correct? w...
Looking to place an offer on 1st property. A 4plex. My question is related to residential financing and an LLC.
We qualify for a good 30 yr residential loan under our own name. Our intention was to purchase the pr...
Hi,I currently own a 4 unit building and lived in one of the units until April of 2018. In November of 2016, I refinanced into a fixed 30 year loan (at a fantastic rate), with the requirement that the property would b...
I would like to transfer my Lakehouse out of the LLC to myself. I have around $65,000 invested in the property. I have a $75,000 line of credit against it. During getting The line of credit on the house in appra...