Doug Kolb
Need to move mortgage from personal to LLC
Hello,I own a single family rental home in Memphis. i bought it and financed under my name not knowing any better (in 2015). Looking now to put it under an LLC (which I have already), but my current mortgage holder ...
Sam Liu
Selling & Buying with 1031
I completed a 1031 exchange two years ago, but found the strict time limits made it difficult to find a good deal. It often feels like either selling high and buying high, or selling low and buying low. I sold one pro...
Benjamin Cowles
Why does it matter if a preforeclosure is "under water"?
When qualifying a property, why does it matter how much it is under water if the bank will still only be able to get the highest bid at auction? Isn't the bank just as likely to accept a short sale vs going through a ...
Ken Latchers
Others stealing your deal
One of the many gurus who regularly emails me, is offering "deal protection insurance" for a price. In other words, magic words to insert into your deal offers/contracts, so someone else does not up your accepted off...
Jim P.
AirBnb in a Commercial Zoned (CM2) House
I own a house in Portland that happens to be a commercial zone (CM2). I've just been renting it out to long term tenants, but I'm wondering if I can legally do short term rentals (AirBnb) even if it isn't owner-occup...
Paul Williams
Deal Analysis
Recently purchased a condo (3/2.5, 1500 sqft) at a foreclosure auction.ARV - $105,000Purchase Price - $68,000 cashRents for - $1,200Repair Estimate - $7,000 (Flooring & Paint)Association Fees - $203/moTaxes - $907...
Heather R.
Getting ready to buy my first small multi-family
Hello,I am generally a lurker, and I find posting on forums very intimidating. I usually listen to the BP podcasts and I love reading about real estate and financial independence. But I am gearing up for my first mult...
Chris Vail
Finally in Contract
Hello BP, I am happy to say that I finally have an accepted offer on my first rental property purchase. This property will not conform to most of the rules out there in BP, however I feel it works for me and my situ...
Maiko Miyake
Could LLC harm the chance of getting mortgage?
I was just talking to a CPA about setting up an LLC to hold my investment property. He cautioned me of this approach (although he thinks it makes sense from asset protection stand point) lenders may not give me mortg...
Jon A.
Medical Marijuana Commercial Tenant?
In San Diego County, CA. We're trying to lease a 4000sf retail space. We've had 2 Medical Marijuana prospects contact us. We understand that there may be banking problems. Are there other things to be weary of? I...