David Jiang
Business credit card for contractors
Does anyone here give their contractor a business credit card tied to your LLC or business entity? How do you do it?I'm trying to set up my contractor with one so that he can pay for materials without me having to con...
Steve Al
Questions on Trusts and LLCs
New here, my brother and I would like to buy a rental property here in NY. Im new to the game but I went to a seminar and the speaker said to set investments up through a trust and then through an llc. Which is the be...
Maximus Decimus
Cash out refi on 4 Duplex properties - what is the limit of properties I can do a cash out on?
I own four duplex properties free and clear and am looking to do a cash our refi for 70% of the current value. I have been researching lenders, however I am getting conflicting statements on the property limit guidel...
Rick Howell
How You Can Improve Your Credit Score
Improving a credit score does not happen overnight.Why?Most creditors only report to the bureaus once a month. However, there are a few steps you can take right now to start cleaning up your credit blemishes and here ...
John Hobbes
FHA Loans in HCOLA's
I live in a HCOLA and am interested in purchasing a 4 unit multifamily property listed for $1.6 million. I would be occupying one of the units for the next 3-5 years, and would rent out the remaining 3. I am trying to...
Mike Nelson
Owner oversight of managers authorization on spending on repairs
In a 425 unit property managed by a professional property manager, what is the upper limit manager shoud be able to spend on making a repair without getting permission from owner? Sometimes times is of essence in giv...
Jordan Burnett
Multifamily Syndication Refinance Implications for LP Investor
Hey guys,I'm looking for some guidance on how to know what the implications of a refinance are for a Limited Partner in a multifamily (or other) syndication offering. If it's not explicitly stated in the PPM, is the e...
Christopher R.
Homeowners Insurance/Landlord insurance/Umbrella insurance
First post on bigger pockets! I’m under contract on my first 3 family home and I’m exploring insurance options. I’m hoping someone (anyone) can shine some light on the differences between Homeowners, landlord, umbrell...
Logan Miller
New law concerning owner financing in Missouri
I was told that a new law limiting the number of properties someone could owner finance was just passed in Missouri?
Kimberly L Smith
Limited Broker/Trust Account
I will be applying for a limited brokers license in MN and will be purchasing single family homes for rental properties. On the limited brokers application is asks for a trust account information. Do I need a trust ac...