My partner and I are closing on our first home and I have come across a question for tax purposes. Originally, we wanted to purchase the home in an LLC, however, the the rate would have been substantially higher. It w...
Hi all- I’m in a unique / fortunate situation where I’ve found some older homeowners looking to remove the burden of managing a rental property that are willing to seller finance their property to me at $0 down and 1%...
Hey Everyone!
Happy new year!I was wondering if I were to purchase a property under my name at a conventional loan and maybe 6 months to a year from now I rent it out and were to purchase an umbrella policy, should I...
I'm planning to form an LLC to purchase my next single family residence as a mid-term rental. (I currently have 6 performing MTRs in my name.) I will be selling a percent of the equity to an investor for the cost of d...
I'm not sure if this is a legit term but I've thought about this before and then I ran the numbers and was pretty excited to see what I came up with. Perhaps many of you already know about this and I'm just behind the...
Hello BP! So I recently saw a post from another member regarding Fund and Grow. Has anyone used them and if so how did it go. Sounds like a way to grow ones capital in order to turn it into purchasing power. Look forw...
Hey everyone,Just as the title says, how much are closing costs when you buy with cash?I've been looking at different forms of financing and I heard of fund and grow from a local Chambersburg Investor. Essentially, fu...
Say you reach your limit on conventional mortgages, could you potentially, with permission from your lender so there is no call on the note, transfer these conventional mortgages to an LLC and obtain more of these con...
Hello! My wife and I are under contract on a second home, and we plan to rent our current house out. We are excited to start this journey. We plan on managing the rental ourselves. I am curious if we should start an...
I have a property in Cincinnati OH that I owned in my name and got a residential loan for in my name. I've owned the property in my name for about a year and I just did a quit claim to transfer the property to my LLC ...