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"....If you buy a property and transfer ownership to your LLC, you might have some issues when you go to refinance. Fannie and Freddie will only buy or guarantee loans that are issued to a person, not a business entit...
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An investor who intends to buy, fix up and then sell or rent a distressed property would consider a private money loan. Conventional banks and credit unions tend to shy away from lending on distressed properties, so a...
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I just lucked out and bought a home for $640k. There's a few comparables just doors down which are:
A smaller home for sale at $870k
A house that's the same size that just sold for 1.3m
Another home the same size tha...
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I have recently been learning about wholesale real estate and creative finance and thought that they were amazing ways to get into real estate without needing large amounts of capital on hand or taking out a high inte...
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Hello - we have a small two person LLC which holds a single, small, paid-off property. We would like to move the property from the LLC to our personal names. Is there a way to do this without any adverse tax consequen...
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Here is a high-level description:It's SFH in a pretty decent neighborhood. The cash flow is about <$100/mo. The home appreciated very well in the past 13 years since I owned the property, averaging about 7.6% per y...
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Ok. As a rookie I have a skewed vision of everything. However I have reado enough HML website claims to be utterly confused or enlightened. Which is it?If a HML will cover up to 80% of the LTV for a property, and I g...
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My family owns a couple of of old rental buildings. I was wondering if it would be worth getting lead certified so I can legally do my own repairs, remodeling, etc? What do you guys think
Thanks
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I am looking to set up a hotline number that prospective tenants can call in to and get basic information about the units we have for rent. I have heard of people doing this but don't know where to start. The number w...
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Hi all,I use a PM who is a sole proprietor LLC who I paid more than $600 to in 2023. They use AppFolio for the rent collection, disbursements, and accounting. The tenants pay through AppFolio and I am disbursed the re...