John Lee
Loan in personal names and putting title in LLC
So my brother and I are finally getting a rental property.Loan is under way with our personal names. However, we wanted to put the title in LLC from the start instead of transferring it after the closing. Has anyone...
William Howley
buying / assigning a co-signed loan to single person?
Hi, this is kind of a regulation / loan question. I am looking for a strategy to acquire a 400k property via conventional loan (%20 down)I have 40k (seasoned) cash, and so that would put me at 200k purchase price. (I ...
Aileen Sanchez
Creative Financing? Savings, HELOC, 401k, HML, Personal Loans/CC
Hey All!
Love this forum and all the great info I've been able to soak in as I embark on my REI journey! I am getting ready to purchase my first Investment Property following the BRRR strategy and am trying to decide...
Jeff Zhu
Expense Write Offs - LLC Title & Personal Mortgage Loan?
I am a newbie in RE investing and I humbly ask for your educated opinion and guidance.
I want a single family unit titled under my LLC in partnership (lender is fine with LLC title)
I want the cheaper residential ...
Monica Kovalsky
Personal deposits with bank as condition of commercial loan
We are working on getting our 4th loan with a bank that we have used for financing some of our multi-family properties. They are now making a condition of the loan that we move all our personal accounts to their bank...
Matthew Kirchmyer
From individual to 2-person ownership with DSCR loan
I'm selling a house in North Carolina and buying one with my friend in California. Both are SFR rentals so I want to do a 1031 exchange.
We are doing a "Dscr" loan and the banker said it needs to be bought in an LLC....
Brian Barfoot
Does a commercial loan count against my personal DTI?
I'm about to get my first commercial loan after doing four properties conventional. The reason I'm going to commercial is that I'm past the bank's happy-point of DTI. If I switch one of my conventional loans to commer...
Jay Martin
First Time Fix & Flip Partnership/Personal Loan Questions
Hello everyone! This is my first post on this forum after having learned of Bigger Pockets a few weeks ago through the Real Estate podcast.My wife and I are interested in doing our first ever fix & flip in the Eug...
Brandon Reed
Investment Prop. Loan Affect Borrowing Power for Personal Home?
Hi There,I'm wanting to get starting in RE investing but feel a bit "stumped" with how to get financing for my first property. Here is my situation.My wife and I are currently renting a home but would like to buy when...
Wei Wu
For advice on providing personal guarantee for commercial loan
Hi, I am forming a partnership with two other partners to do a new construction project. For the commercial loan, I am going to be the one providing personal guarantee. What are the potential things that I should prot...