Does anyone have experience with opening an LLC to acquire business credit & use it to invest?
My wife and I have a home that we have lived in for 12+ years and would like to invest. My idea is to take out a home equity loan line of credit, buy a pre-fab home that I can place on a concrete slab (not a mobile ho...
Dear BP community,I was wondering, is there a formula how one could calculate how many loans banks can practically give him?Does it matter if I buy the properties on LLC? Does it matter if my wife is also on the llc? ...
I often hear that you should always have at least 2 members of your LLC, even if one member only owns 1%. It supposedly makes it more difficult to pierce the corporate veil in the event of a lawsuit. Is there any trut...
Hello all, I had repairs done in tenant's unit and they had a meltdown over damaged property. Tenant still seems to believe I am responsible for their personal items. (We've had a prior incident but tenant dropped it ...
Any brokerage houses in NJ offer their sales agents commission free discretion on personal purchases?Understand many brokerages offer the option after a certain annual sales goal is satisfied, yet interested if any of...
I'm very long winded; please feel free to skip to "THE QUESTIONS".
Although I'm an introvert by nature, I believe networking is one of my strong suits when it comes to the real estate business. My main strategy is t...
1. How much cash would you recommend having in reserves before buying a STR? 2. Also, would you ever recommend getting a personal loan to cover the down payment or renovation costs?
Several years back when I was a landlord, I was using eRentPayment at the advice of this site. In the past year, I've been renting a private home and we've been paying our landlord using Zelle. Unfortunately, Zelle ju...
I know a lot of people write on here about transferring title to an LLC after closing. I'm curious - is everyone paying the transfer tax when they do this? It's particularly onerous in Pennsylvania, which charges a tr...