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I have a client who has a very large lawsuit who has been levied, and the judgement has gone against him. He owes $5 to the lawsuit and has $1 in equity in his home (numbers have been changed). He has no other assets....
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Question to current Home Owners,
Has anyone put their home into an LLC or other kind of entity for asset protection or
tax benefits ??
I just bought a single family home and was wondering if i should put it i...
I’ve (29M) about $250k saved up. Don’t own a home yet, but I’ve been planning to buy one for a while now. Instead of buying a single family home, I’m thinking of buying a condo outright in cash, rent it out so I can s...
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Here are the facts on this potential purchase: (2) adjacent properties, (2) deeds, owner wants to sell them together.
First Property: (3) units
Gross Rents $1625 per month
Water/Sewer: $600 per year (approx.)
Insuran...
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So I know this a long running debate about whether a LLC is worth the trouble particularly due to the well known issues of getting conventional financing for one. Many people passionately encourage having every proper...
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I have been talking to fellow investors about wether it is better to own property free and clear or have some kind of money against a property even if it is a line of credit. Tax purposes is the answer I get when I tr...
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I’m interested in buying a parcel owned by 2 people (family members a lady and her aunt), the aunt just passed away so probate proceedings will slow this down greatly. The lady who is still alive would sell her half a...
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Hi! I'm new to real estate investing, and was going to use a cash-out refinance of my primary residence to fund a rental property purchase. However, doing this would mean that the rental property purchase would have...
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Living in such a competitive market I have had a few different ideas cross my mind and haven't seen much info (probably not looking in the right places). I understand house hacking in multifamily. It's straight forwa...
I am a current customer with Flagstar Bank and I am applying to refinance my primary residence.My FICO mortgage scores are 632 , 623, 590. My original purchase price was $530k and my current loan amount is $100k.I am...