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How would one go about finding a private lender that is willing to accept equity in another property as collateral? Like an equity loan from a bank with comparable rates. I'm guessing a local private lender would ...
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Hi All!
Looking for some guidance/advice please. I would like to purchase rentals. I've set up an LLC and then went to the bank to talk about my plan and see what finance options I have. The bank tells me they won...
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Newbie here. When buying a property in my personal name (with the intention of transferring deed to LLC), do I have to use my personal home address for the loan and title company or can I use a traveling/virtual mailb...
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Hey Guys,I'm considering selling the duplex I renovated in College Station and I don't know if I need to talk to a Real Estate Accountant or a Real Estate Attorney about my tax considerations. I have an interested bu...
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Hi guys,I'm forming an LLC in CA. Do I and what kind of business licenses would I need to operate renting property in Nevada, mainly Reno area? Searching the net reveals conflicting info. Some say I don't need anyt...
I am close to closing on my first flip. I have paid mostly cash along the way (year and a half) So I am needing to keep some cash out of the 1031 exchange. My question is if I bought the house for 10k and put 30k into...
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Hi All,
I have recently created a new LLC in TN for the purpose of Real Estate Investing and the LLC has 3 members (33.3% each) including myself and 2 foreign investors from the UK. As my partners are foreign, they ...
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Hi all, Here is my situation:1) Married, filing jointly, living in Texas2) We, married couple, owns the rental property in our personal name (also in Texas)3) We route all rent income and other craft related income re...
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What is the minimum amount of capital needed for someone who currently is not working, to purchase a commercial property, such as a motel, with a down payment of 20% and getting a mortgage from a bank, and being able ...
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If an unmarried couple wants to buy or build a fourplex, should both of them be on the deed? Who would be allowed to claim the rental income? Let's say one spouse works and earns money, and the other spouse doesn't wo...