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Looking to start BRRRRing, but after speaking with several local lenders in Alabama about refinancing properties held in LLC, it appears that most only provide adjustable loans with 15-20 years terms. These terms in a...
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My dad and I are partnering up to buy some rentals. He already owns 2 small SFRs and a 4-unit apartment. We found a bundle of 6 SFR and are currently under contract. We are both contributing 50% of the down payment. W...
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We’ve been told by our real estate agent and by a lender that we can use the 1031 exchange for our primary, however, everything I’ve ever known about the 1031 is that it is ONLY for investment or business purpose, NOT...
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Hello everyone, my name is Wayne, I live in Michigan, and I am a newbie to BP.com.While a newbie here, I do have some experience in the real estate game.I have two SFR condos rentals that are doing quite well at appr...
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I currently own a property through my LLC that I am looking to refinance. I just had one lender tell me that if I wanted to "refinance" into my personal name (they don't lend to LLC's) then it would actually be a sal...
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Hi Everyone,
I'm looking to get some advice on a potential deal, here are the details:
There is a house in my old neighborhood, it was owned by an elderly man who has passed away. To my knowledge there is no next o...
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Those of you guys that have been at this awhile talk to me.... Is it a bad idea to use wholesale profits to pay for down payments on rental properties. Obviously one would need some cash reserves ICE. But are there an...
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Are there any other benefits to putting a property in a trust VS LLC aside from when in a trust there is a beneficiary designated should the trustee pass away so it is clear who the property would go to.
I guess thi...
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So I decide to sell a rental property within a LLC. for which I am manager. It was listed for sale while occupied but then the renter moved out. Shortly after the property sells. Now I discover seemingly bizarre IRS r...
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i am working on my first rehab in Fl and we have been working with a contractor that has great reviews but we just learned before we signed the contract with him that he is qualified by another contractors license. I ...