I currently have a few single houses for rent which are directly under my name, and also the mortgages are under my name.
I am considering to move the houses to an LLC 100% owned by me. But I don't think the borrower...
Hey team!I bought 3 properties last year giving me a total of 4 investment properties, plus my personal home. When the bank opened my loan on my 4th investment property, my credit score dropped 90 points. This has NEV...
Hi everyone,I have a (complicated) question regarding double closing, foreign investors buying and selling properties in the US, and beyond.Due to our current situation (long story), we cannot afford to have extra i...
Hey BP, I hope everyone is doing well. I am in the proess of completing a cash-out refi on a triplex that I own, and I thought it might be a good time to transfer it from my personal name to an LLC. My realtor is sugg...
Good afternoon everyone,I’m looking to purchase my grandparents’ single family home by May 2020. When they passed away, the three siblings split it 3 ways. It was just assessed for $240k. This house has been rented ou...
Hello all. I’ve heard it said by many that most banks will not lend to LLC’s when trying to buy single family homes. Are there any ways to navigate this?
I just created an LLC and will transfer my current properties into them on the next refinance. I bought these properties in my own name. How would I do this in the future with new purchases via BRRRR? Would I buy the...
I often have to educate some of the newer investors I work with about this fact. This is at least the case in DC, Maryland and Virginia, that the buyer of an REO pays 100% of the transfer taxes and redecoration taxes...
for those people who have done subto deals. Can you explain why it is more beneficial to leave the mortgage in their name instead of transfer into your own? the payment and interest rate would be the same regardless i...
Let's say I sell a property that I have owned for 10 years and then use the 1031 Exchange method and buy another property of the same type. Does this method wipe away all depreciation recapture taxes for the property ...