I have a LLC and tried to transfer the Tile of my rental properties from my name to the LLC, but I heard the Lender would not allow to do it. so I use my LLC to sign the rental agreements and collect rental incomes an...
Hello, we've purchased a row home in cash (Philadelphia) almost a year ago in the name of our LLC. Tenant has been in place with a year lease. Could anyone recommend a bank and/or credit union that will cash out/ref...
Hello All,
I need immediate help.
I was wondering if I can get some advise on how to proceed with this situation?
A lady called me today. She owns a 2-family building in South St.Louis. She is in the...
Hello all BPs
If you have real estate portfolio in different states, do you use a "real estate tax accountant" or an a specialized real estate attorney to assist with end-of-year tax filing? I am looking for an acc...
Here are some questions. I’m thinking of starting an LLC for when I purchase properties for flips. I was wondering how much it typically costs? And is there an annual fee to maintain the LLC, how much is it? I’m hopin...
Hello AllMy tenant informed me that she would not be able to pay rent and would be out by the end of the month. She is out of my duplex, but she had some family staying with her without them being on the lease. My ten...
Hi BP.I have a tenant who has NOT paid rent for this month (August), rent is due 1st of every month according to lease agreement. I sent her a 5 day notice via certified mail with return receipt requested because she ...
Hi All,Hoping I can get a start on the best way to file. We chose this strategy to allow the max number of mortgages. Partner A purchased 1 property (A is the only person on title and mortgage) Partner B purchased 1 p...
My title company in NWI has two files of mine and mistakenly sent two draws to the wrong person. The person they sent the money to already spent it and says they will pay it back but keeps missing the deadline. The ti...
Hi BP Community - I would greatly appreciate feedback on the following loan terms from a local bank. It's an 8 unit apartment building. I don't see anything that stands out except for the personal guarantee. I would...