Godsheritage Adeoye
How to takeover Subject to loan
Hello, I’d like to know how investors typically handle Subject To contracts. Do they use a servicing company to make the payments directly to the , or do they make payments directly to the seller and hope they pass th...
Kiersten Vogt
Inheriting Tenants | What happens with the security deposit
Hello all!I've already learned a valuable lesson in investing in small mutlfiamilies - including what happens to the security deposits in the initial offer.We close on a duplex next week and I was under the impression...
Michael Wentzel
Attorney and/ or CPA recommendations for foreign investors
So I'm in the process of setting up a company that will coach foreign investors to purchase rental properties in the US. Below is a rough list of the process I have put together, but I really need to communicate with ...
Christine Tran
Property on market with potential for rebuild, should my LLC buy?
Hey BP community! My business partners and I found a duplex for sale in Norfolk, VA that we plan on tearing down and re-building in one year (due to the materials shortages we're seeing right now). However, if we buy ...
Derrek Wiedeman
What happens to HELOC if I transfer my property to an LLC
Hey Everyone,I did alot of searching and couldnt find an answer to this exact situation. I currently own a townhouse in Florida as my primary residence. I am in the process now of getting a HELOC. Soon I plan to ...
Shane Barone
Foreign Transactions Fees, currency conversion rates
For those of you who do any business internationally, you will always run across the issue of converting currency. If you plan on moving any amount of money, (with limits of up to 49,999 currently) you should be not b...
Marshall Magnus
Building Science, basement suite soundproofing
Hi all,
I wanted to talk about soundproofing and see what the community thinks about noise separation between units.I am currently developing a legal basement suite in a single-family house in Edmonton Alberta, the h...
Tony Sierra
Doing business under an LLC
I was speaking to a friend who owns a few single family rentals. He has an LLC for his business but he stated that he does not have his properties in the LLC, he financed them and holds them in his name. I hear all ab...
Brandon Warren
Options to remove mortgage from personal DTI
My wife and I bought a new home (primary residence) about 6 months ago with the intention of turning it into a STVR. We are living in it for the first year as required with the conventional loan but I'm not sure how w...
Chris Lucas
LLC on title but personal mortgage?
Hello!I have seen some posts around this topic, but nothing that definitively answers my questions.I just talked with a lender that will provide a loan in my name, even if the title for the property holds the name of ...