Benjamin Giles
Outright owned condo…should I transfer to my LLC
I have a condo I bought with cash. Due to low ARV and current high interest rates a refi doesn’t make sense due to fees etc.New condo association rules prohibit selling to an investor. Owner occupied only. Property ca...
Jonathan Makovsky
Is the NYC Transfer Tax a Progressive Tax for a SFR?
Is the New York City transfer tax a progressive tax? This is from the NYC website for a 'typical' SFR transfer (Link to NYC Website): If the value is $500,000 or less, the rate is 1% of the price.
If the value is more...
Account Closed
should I open an LLC before purchasing property
Hi BP, Newbie here, I will be looking to purchase a small apartment complex this year and I’m not sure if I should open an LLC before or after purchase. And could you direct me to a buyers checklist if there’s such a ...
Tony Thomas
Financing for an entity
Anyone have success or thoughts around securing conventional loans for an LLC?
Sean S.
Commercial Loan Details. Good?
Hi,I have been going back and forth with a variety of banks and credit unions about possible loans. I want to operate out of my LLC and since I am brand new to property flipping it has been difficult. So far I have ha...
Nooshin Detches
Underwriter Lender Rules for Partnerships
Hi everyone, Our LLC owns a single-family property in Southern California which was purchased for all cash a few years ago. We have had great tenants in the property since March. We want to refinance this property and...
Won Kim
Tampa, FL area (Newbie)
Hello,A friend told me about this site/podcast and decided to join.A question that I had for people around my area is:What are some FL location specific costs that they have noticed while rehabbing/flipping/investing?...
Lee S.
Refinance Hard Money Loan
I've been talking to HML lenders lately and was just reading the comments to podcast #9 on HM and I had a thought come to mind. If a HML will only lend to an entity like an LLC and I want one of my exit options to be...
Jason Hodges
Leveraging debt the right way
I have 25k in the bank and have 12K on my busIness credit card from a rental I just fixed. I currently have 4 properties that are giving me a good cash flow return.
Should I pay off the 12k or just pay the minimum...
Ryan Fennick
Loan question does this sound right?
My partner and I are in the process of securing financing on an investment property. Purchase price is $48,500. We are putting this property in under our LLC. Lender terms are 25% down, 5 to 5.25%, 5/1 arm. They t...