Miah Atwood
Confused about seller financing! - please help
If I pursue a property with seller financing, is the house immediately mine with the contingency that the original owner gets it back if I default? Or is the house transferred to me one the balloon payment is due? Als...
Tyler Dennison
Need help around buying rentals in my name or an LLC
Hi Everyone,I just wanted to touch base on a subject that has been causing me some confusion when talking to financial institutions. I am starting to pick up rental properties but wanted to put them under a company n...
Clifton Young
How to start a Rental Property Portfolio Biz
I want to build a rental property portfolio. I’ve heard several investor say “It’s best to do an LLC for rental properties”. I do agree with that statement, but how do you obtain a conventional loan under an LLC? I w...
Jeremy Scherer
Transferring mortgage and deed to a LLC
I'm closing on my second SFH this month in west Michigan (Grand Rapids). I'm looking long term and decided to set up an LLC (2 actually, but long story). Now that the LLCs are set up I want to transfer the mortgage an...
Bob Manning
Refinancing a STR that’s in an LLC
Hey BP,I own two STR’s in a New England ski town. They are both in an LLC. I purchased the 2nd property with a HELOC and now want to refinance to pay the HELOC off. I’ve owned the property for a year and it’s been a g...
Maricruz Romero
Refinancing a PA property under an LLC
Hi BP!I am in the process of buying my first property in Delaware County PA through the BRRR strategy. I would like to buy it under an LLC which I know is fine but I contacted Citi Bank to ask about a refinance portio...
Julian Hall
Question on due on sale clause???
Hello BP,
Is a due on sale clause something I should worry about if I transfer a property with a mortgage to a LLC?
Thank you
Carolina E.
What's the point of a Rate Lock...
A few weeks ago I started shopping around for a bank that would do a cash out refi with a low rate. After deciding to go with one of them, and rated were very low, I wanted to lock my rate in. First it took them a w...
Alan Laracuenta
Hard time finding a lender with an LLC Puerto Rico
Hello,Im from Puerto Rico and i have a sub-leasing and management company for airbnb that we currently have 30 properties. We want to start buying multi-families to do airbnb or long term leases, but we are having a s...
Phillip T.
Philadelphia transfer deed to LLC
Hello all , I have a rental property in the Philadelphia area and looking to transfer the deed into new LLC. I have read on forums that QuitClaim is the process to transfer to LLC, does anyone know if I will need to...