Anthony Tran
HELOC for duplex homstead
Looking for a HELOC loan for my duplex homestead. I live in one unit and rent out the other. A lot lenders don't allow 2+ MF/revenue generating units to be considered for HELOC. I know some lenders do allow this but ...
Andrew Varney
Conventional Loans in a partnership / LLC in FL?
This is a pretty common topic, but I haven't seen my specific question answered - most seem to center around single member LLCs or committing to Commercial loans.A couple of partners and I are finally ready to get sta...
Anna Kay
Do I need to get a CA LLC for out of state rental properties?
Do I need to get a CA LLC for out of state rental properties if the LLC is for the sole purpose of qualifying for a DSCR loan?
I live in California and need to form an LLC to get DSCR loans. I do not plan to buy prop...
Lisa Winklepleck
International Tenant Screening
I currently invest in rental properties in a small Midwest college town. I'm close friends with the local college women's soccer coach and am looking to rent to a few of his players soon. Several of them, however, are...
Michael Randle
Questiona about HML (from the lendor side)
Hello Everyone,My wife and I are coming into some money due to us closing out our re-estate with our move. As such we are weighting our options as what to do with our cash. And while kicking around ideas HML came up. ...
Roy Vereen
Creating a LLC startup cost
Hello all,I have created a LLC for soon to be booming real estate investment business. I say soon to be because I currently have two properties(one rental, one primary residence). I will be converting my primary res...
Kandice Morgenstern
lease clause for tenant expectations/responsibilities during mandatory evacuations
Does anyone have a good lease clause to outline responsibilities and expectations during mandatory evacuations? Evacuations due to wildfires are not uncommon in our area of California. Are the renters or the landlord ...
Charles Chiu
Form a LLC to receive rental payment
Hi, I am a first time landlord. I purchased a TN property not long ago (and I am a TX resident).I didn't think of buying the property using an LLC. So I got the mortgage under my own name.Now I spent sometime reading ...
Mitch H.
Any had to install a backflow device on their small multifamily?
Got a letter from Denver Water recently that stated I am due for a back flow inspection, since the dwelling is a multifamily property. Essentially it stipulates that they will assess the risks of back flow at my prop...
Account Closed
Federal Fair Housing Act (FHA), its Amendments & Exemptions?
is it true that:- Private property owners who do not own or have any interest in more than three single-family houses at one time are exempt from the federal Fair Housing Act of 1968?- Multifamily properties with fewe...