Colton W.
Approving a Tenant with a Bankruptcy because of Divorce
Hello, I have an applicant that recently filed for bankruptcy due to a divorce. Is it wise to rent to a tenant like this? They are a former police officer and a manager for a local Security Firm, so that seems comfort...
Andrew Grieb
Buying an Owning Entity Instead of Buying the "Properties"
BP,I have a new idea that I would like to get some guidance on. I am currently purchasing a group of single family homes in Western NY; the seller owns them in several LLCs. I always own my properties in an LLC, but...
Account Closed
How to structure an LLC partnership
I have two rental properties that are owned with a business partner. We are wanting to transition these two properties into an LLC and are unsure about some of the specifics involved in doing so. We want to make sur...
Dan N.
Attention Out of State Investors in Alabama: Where/How do you open an LLC online?
While I´m sure a Google search can find me this answer, I just want to make sure I don´t land on some scammy website that doesn´t actually create the LLC for me.I am assuming there is a way to do this online, right?
Dennis Haldeman
PML - Second Mortgage
I am a PML operating exclusively in the state of Pa. I am considering doing my first second mortgage of a substantial $ amount. (I have done small seconds in the past as an unsecured personal/promissory note.) I be...
Naudy Reyes
Rental properties and LLC Bank Account
Hi Everyone, I am hoping someone can help clarify some info for me. I opened up an LLC to help manage my rental properties, however I “house hacked” them and therefore the mortgages are under my name, not the company’...
Aketra Edwards
Real Estate Questions Coming at You
Does your tenant have to have a Renters Policy? How important is it?Just wondering
Jackson Long
Is hard money a myth?
So we hit a snag on our last round of financing and are looking to buy some time and comfort with a hard money loan. I am making calls and having conversations and these pretty much feel like regular loans but with c...
Jason Coleman
HELOC Lenders (Shred Method)
Hey BP,Do you know of any HELOC lenders that lend on investment properties? Preferably interest only and above 80% LTV. While the market is stalling a little my wife and I are considering the "Shred Method" to pay off...
Robert Schwenkler
Managing liability (via LLCs) while using residential loans
Hi gang,
I'm just starting to look into/learn about commercial lending, and of course the terms on residential loans are typically better, sometimes by a large margin.
David Greene and other BP hosts talk about how ...