David D'Ambrosio
LLC doing business in multiple states
I have a question for the group. I already have an LLC in Florida that I own a rental under, and i want to buy another rental in another state. Can i just register as a foreign agent in the other state (PA) or do i ...
Melanie Walker
Older homes renovation
For those of you that BRRR older homes (say built around 1900 or earlier )...what do you do about the plumbing and electricity? Do you update everything at a huge cost? Or just hope it lasts another 30+ years?!
Chris Seveney
DSCR Loans - Will Their Be Issues?
I am seeing a lot of posts in BP regarding DSCR loans, many based on newer investors not being able to qualify for more conventional loans.The number I see starts to give me pause as when we have a market downturn and...
Brian Kraft
Rental Applicant Going Through Divorce a Negative?
Hello! I have a few fairly solid applicants for one of my units, but one I'm slightly leaning towards. However, she said she's going through a divorce (it would just be her renting) and I started to wonder if that cou...
Josh Darley
Need Advice on Inheriting a Property
Hi BP,
Looking for some advice regarding a property I will be inheriting. My 85 year old father recently had a stroke and will be unable to return to his home. He is divorced, has no other kids, and I am the execut...
Tim Silvers
Mortgage Assignment & Negative Equity
Is anyone successfully closing mortgage assignment deals in huge negative-equity markets like Las Vegas in which nearly 80% of all homeowners are underwater on their mortgages by as much as 80%?
Given such huge negat...
Alexa Hopkins
New Buy-and-Hold Investor from DC, Looking to Invest in Las Vegas
Hi BiggerPockets! My name is Xa (it's really Alexa, but my friends call me Xa), and I live in Washington, DC. I am a government consultant and am looking to invest in my first investment property in the coming months!...
Jared Orme
FDIC limits the banks?
I recently had a real estate agent inform me that FDIC had required a bank to set the asking price for the property at the loan value and not the actual property value.
Basically the 1 acre lot andmobile home is wort...
Michael Nelson
What do hard money lenders need to see in terms of the deal?
Hi,
What seems to not be mentioned often is exactly what hard money lenders want when presenting the deal to them and what that turn around time is.
Context- Where im looking properties that are good deals move fa...
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What is a Tax Credit Property?
What is a Tax Credit Property? What major institutions invest in them? Are they low income housing?
Anyone know?