Mason Weiss
Goals for the rest of 2022
Hey Phoenix BP community,We are almost half way through the calendar year! Anybody already accomplish their goals (Real estate or others) that they set at the beginning of the year?Today I close on my first property w...
Jerome Sarath
Two Partner LLC for Rental Property. How to get a mortgage
Me and my wife started an LLC to hold our rental properties. So two partners. I know it is not possible to get a mortgage for an LLC that is only few weeks old. So we are thinking of personally guaranteeing the mortga...
Vidit S.
What are some options to get a loan(upto 150k) under an LLC?
Hi, We are three friends from greater NYC area looking to invest out of state in PA. We are in the process of creating an LLC in PA after which we want to apply for a loan for our first multi-family property. All 3 of...
Stephen Barton
Mass Emails- To use or Not?
My wife and I started Solid Rock Houses a year and a half ago. We literally started from nothing and we are starting to do some deals. We have worked really hard to get to the point where we are not only finding the d...
Paul Tanso
How to structure a deal between partners and investors?
I have a question that may or may not have a one size fits all answer, but here goes. My partners and I are looking at a deal that will require us to round up investors. We are planning to target family and friends. W...
Matt Hubbard
Business to finance the purchase of a building. Am I crazy?
A bit of history: My wife and I purchased a failing furniture store from a retiring couple 3 years ago. Year 1: lost $80k took no salaryYear 2: lost $30k took $5k salaryYear 3: Break even took $80k salary... and that'...
Stephen Rager
Multi-member llc BRRR
Bob & Joe, located in Indiana, go into business with a fix and flip LLC an estimated 10 properties a year and BRRR 5. The partnership agreement is to split profits 50/50. We are newer to the business so we are fli...
Eva Mackowski
commercial or consumer loan for a vrbo property
Hi Everyone,question. We are looking at properties in a state outside of where we live.. we are in Texas, and we are looking at mountain cabins in NC. We are first time investors, so i'm wondering if it would be bet...
Dan O'Meara
STR Partnership and Personal Use
Hey everyone,I tried to search and couldn't find what I was looking for so I thought I would reach out here to see what other people have done. I recently bought a short term rental with a few other investors. We are...
Valerie Kinkead
Personal Residence Converted to Rental Property--2.37% interest rate--sell or hold?
My husband's job moved us away from family and across the country in early 2022. With the way house prices were skyrocketing in our home state, we didn't know if we would ever be able to afford to move back again if w...