Larry Russell
Need refinancing options
I've recently purchased a condo with all cash and looking for refinance options. The condo is in my business name which creates an additional complexity to the situation. Can anyone recommend a commercial bank th...
Sam Li
How to protect your primary residence from rental properties
Hi, I am new to BP and also new to real estate investment. We started to invest in rental properties earlier this year and under our personal name currently. I have been hearing about setting up LLC to protect your pr...
Uday S.
Beginning investor question
Based on the podcasts, I understand that it's advisable from a Liability point of view to have a LLC for each of the investment properties. But, as a beginning investor, I was told that a new LLC will not qualify for ...
Jim Bentley
Can a non-owner lease and property manage?
I'm in Oklahoma. My mother-in-law fully owns around 30 properties which I and my wife have been leasing and managing for a couple of years after my FIL's death. I was recently told that the laws say that ONLY the ow...
Bridget A.
How should I take title with husband and co-signor?
My husband and I are buying a 1M house and we are putting down 235k. His father is co-signing the loan so we could go conventional. For his protection we are putting 1 year worth of payments including property taxes ...
Doug Woodward
Using Seller Finance to buy a house with a reverse mortgage
We have an acquisition opportunity on an inherited home with a reverse mortgage, which is something we haven't dealt with before.On a flip the numbers shake out as follows:ARV - $300KRepairs - $40KReverse Mortgage (ac...
Aneita Williams
Pocket Listing
Hello BPPlease explain the meaning of a pocket listing and how it works. I read in a previous post that the agent could receive 100% of the commission. I just want more clarity on thisThanks in advance.Aneita
Alfred Bell
Single person corp: potential problem.
I'm a RE investor doing rehab/flips and operating out of a single person SCorp. My partner does the same thing. We take title on properties as our two corps with a 50% ownership share. It has occurred to me...
What i...
William Zhang
Should I create a company for my rental properties
I heard some people have their own companies (LLC) for their rental properties. Is it necesary to do so? Is there any tax or other benefits by having a company? I just began to learn real estate investment and becomin...
Michael Wentzel
Assuming a mortgage and taking possession through a trust?
So this is a first for me. A wholesaler in the market where I invest brought me a property in which the current mortgage would stay in place and I would close on the property through a trust. I have used this wholesal...