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So I was having a conversation with my wife last night about a potential rental property and we came to a fork in the road: If you were going to purchase a unit to rent, and the property needed some light cosmetic wor...
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Hi All,
I am a first time investor and wanted to start small - so purchased a buy and hold rental condo to "learn" and it's been quite a lesson. My goal is to create cash flow on buy and hold properties - but a littl...
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Transferring a property purchased in your name to an LLC. How does this work?
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I bought a condo last year, successfully BRRR'd it, and am trying to complete the cash-out refinance. Has anybody had to deal with the new condo questionnaire addendum Fannie and Freddie are requiring in 2022? I get t...
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Hi guys, my first ever post! To keep it short, I am under contract for a rental property and after inspection it seems there are some things that need to be replaced soon as some are running beyond its lifeline (e.g. ...
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I am currently closing on a package of properties bringing my unit count to 10 for 2016. I will definitly have a real estate accountant file my taxes for 2016. That being said I only had 2 units and my w2 job for 2015...
Good Afternoon Everyone!I posted about this about a year ago, but unfortunately had a health problem (not Covid) that severely delayed me in acting. Everything is fine now, so I'm really hoping you guys can help me fi...
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Hi All,
I am looking to bid on a property which is planned for non-Judicial Foreclosure by the mortgage company here in King County, WA. I did the title search and have two questions. It will be great if you can plea...
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Hi BP,Scenario: I am taking over my Dads commercial property. He has the mortgage and wants to add me to the deed. At some point, I want to take over 100%. Questions:1. When I'm added on the deed, do I have to "fi...
We started an LLC partnership solely for the purpose of managing a short term rental property. We bought the property around the same time the LLC was formed. So the mortgage listed individual partners (SSN) as the bo...