John Thedford
Do You Like These Terms If You Are A HML?
I have a guy wanting some cash. He proposed the following:1.We get blanket loan of $150,000 - $200,000, net out 2 pts up front, 12% interest from day received at title2.Money is in title company and interest starts da...
John Dreher
Form an LLC for flip in Philadelphia?
Hey BP, I’m looking for advice on my first deal that we just got under contract. It is a flip, and basically I'm wondering if I should form an LLC for this deal. I know of investors that will form an LLC for every ho...
Randy Dickerhoff
Loan approval question
Ok so I have been taking steps to move forward into REI. I was told yesterday by a lender that we would have issues being approved for a loan mainly for this reason. I own a business, we make great money through this ...
Abhijit Joshi
LLC or Nah?
Hello Members,My friend and I are both first time investors and will be investing in real estate within the next six months. We have been researching whether or not to create an LLC. We haven't had too much success in...
Mike Shemp
Can I put vacation home into LLC if we don't rent it out?
Hi BP Community,Just wanted to get some opinions on this question!My wife and I own a vacation home in New Hampshire. We currently do not rent it out, and we are interested in moving it to an LLC. I am aware of the ...
Ryan Treacy
First Rental Property
Hi everyone,Writing in to get some advice on how to proceed with my first rental property. I purchased the property in mid-April and I’ll be done with the renovation after this weekend. I don’t believe that I got the ...
Alex J.
Will transferring title triggering a city tax reappraisal?
hey all. I need the wisdom of this ever so intelligent website to answer some questions for me. My real estate agent, lawyer, and estate planner do not have a good enough response for this so I was thinking of reach...
Travis Rogers
Seeking TX Lender for Purchase - In-House (non-conventional)
Looking for a Texas based credit union or bank that would service a mortgage in-house. Due to a cost seg on a storage facility last year, showing a loss on paper (six-fig accelerated depreciation), I don't qualify for...
Blake Sherrill
Rent main house and stay in guest house. Confusing questions?(TX)
I can't find much on this particular situation, so no one may really know. The wife and I have been heavily contemplating the idea of moving out of our house into my guest house on the property and renting the main ho...
Shelby McKean
Starting out with 2 primary residences
My husband and I live in two different cities with 2 houses. One has a low interest rate loan and the other does not. If I am starting out as a real estate investor interested in being a rental landlord (still worki...