Briette Awbrey
Wells Fargo says I can't convert my rental property into an LLC
Hi everyone,I called Wells Fargo, who services my loan & they said that the investor (Fannie Mae) won't let me transfer my house into a LLC. It was originally bought as a primary residence in 2013 but has since be...
Craig Jennings
Florida mobile home investing
I'm exploring purchase of mobile homes in Florida communities as "snow bird" rentals. I realize many communities have deed restrictions on age and renting. I'm curious if anyone has any experience with investments of ...
Neerav Patel
LLC with commercial mortgage VS personal regular mortgage
I just bought REO property as my own residence and renovated it inside out(which is almost done).Now I am planning on my next investment but I have trouble deciding path for finance.On one end I can get an HELOC on my...
Andy Young
Heloc or conventional mortgage
Hello,
We are buying 2 properties, $75000 and $80000. The closing costs (around 2000 for each property) and interest rates (not to the mention the paperwork) have us considering using our HELOC (that is on our pr...
Sagar S.
Separate Out-of-state LLCs, California investor (New member)
I am a newbie in RE investing. I've been researching, reading and listening to BP podcasts. I am planning to buy rental properties out of state. But my research stopped at forming LLCs. Opening a separate out-of-state...
Charlie Rushton
Holding assets personally or in an LLC
My brother and I are embarking upon a RE business, initially fix n flips to grow the cash base, with the view to buy and hold down the line.He is based in the UK and will be supplying the capital(his) to finance the p...
Ki Lee
How to structure banking with a partner for TIC
My partner and I bought an apartment complex in Ohio as TIC. We each have our OH LLC that took title as 50/50 TIC.Now we are trying to figure out how to properly structure banking and money flow. We are 50/50 TIC, b...
John Hyre
Criminal Offense for Not Registering LLC in Cleveland, OH
Ordinance in Cleveland makes it a first degree misdemeanor to buy property in an LLC without registering the LLC to do business in Ohio. Know of an LLC that just got convicted on two counts. $500 fine for each count...
Brent Crude
Holding LLC Does It Look Like A Sham ?
I've set up a Wyoming LLC that will be THE Member of a California LLC (yet to be set up),The California LLC will have a rental property, with income and expenses like a regular business,OK, so California LLC looks leg...
Account Closed
Refinance & HLOC for next property?
I would be super grateful for your thoughts, advice I essentially need to refinance and get a home equity loan, but I am wondering about the best way to go about doing it:Situation: I have a 3-unit property with a mon...