Brian Wall
Best way to Legally Structure Deals?
From what I've read on the Biggerpockets Forums in the US section, an LLC is the most popular for the liability protection, and the tax structure, and has less accounting headaches than a C Corp. However....here in C...
Paul LaSpina
Business Structure of LLC and partners
Advice would be appreciated. I am funding a partnership with an "Operating" partner. His LLC will be the "GP" general partner with my LLC as the limited partner. He is coming in with NO capital but as the operating/Pr...
Heather Shannon
Cash strapped: How to Finance a pricey 3-flat?
Hi All!I'm so happy to have found this community recently-what an awesome resource!I currently own 2 condos in Chicago: 1 in Uptown that I've had a year-long renter in. Her lease ends at the end of the month and I pl...
Raymond Macasaet
If you switch your VA Loan to Conventional Mortagage? Can you....
Hi BP community! Can you reuse your VA Loan if ? You converted your mortgage to Conventional loan?
Roger S.
10 mortgage limit question
When doing a refi, how does the 10 mortgage limit work? I did a refi last year and ran into that issue, but since I was at 10, it didn't matter. I guess my question is, do portfolio loans count towards the 10 mortga...
Austin J.
Taking my prelicensing courses, stumped by this question
Which does NOT describe a real property interest for a limited period of time?A-defeasible fee estateB-leasehold estateC-life estateD-life estate pur autre vieI answered A, because the time is not limited as long as c...
Jim Haney
Counting to 10 - the "Loan Limit"
Could someone help me with the definition of the 10 loan limit? I have a 30-year loan and a HELOC on my primary residence. For my rentals, I have a HELOC on one property that is otherwise paid off, and then three 30...
David Judge
Single occupancy as a requirement?
Is it possible to list a rental for single occupancy only? Or does that violate fair housing laws? I've seen limits of 2 people per bedroom, so I imagine I could limit it to one person per bedroom? Thanks for the advi...
Abdul Azeez
Umbrella Policy Input needed
Folks - I have a primary home and two vehicles. In addition I own a rental property in Memphis, TN. I am now in need of an umbrella policy. I live in NJ. I am getting the feedback that both home and auto needs to be w...
Jason Munger
Limit to how many properties you can flip per year?
A friend of mine said you can only flip a certain number of homes per year without being a licensed contractor. Similar to how you can only sell X number of cars per year without being a dealer. I've NEVER heard of ...