Chloe F Holmes
Closing costs are steep
Hi all,my husband and I are in the process of settling a Short Sale purchase in Maryland. It's $99k purchase price with Seller's side covering legal and title transfer (provided we pay $3,500??).Our lender has come ba...
Daniel Murphy
Need help with FL STR LLC
Hey all, we have a short term rental in Florida, we live in MN. It is currently owned under our personal name & we wanted to setup an LLC to transfer the ownership into this. I'm comfortable with the whole LLC, b...
Brittany Sanchez
Setting Up Online Payment
Hello BP Community!I was wondering what Online Service do you use to allow your tenants to pay online or through direct deposit? Any tips that you have to share for a first-time landlord is also very much appreciated ...
Justin Wilson
Moving an LLC from MA to OH
Hello,i currently have an LLC based in Massachusetts with property in Ohio. I would like to move the LLC to Ohio to lower the tax burden. I called both Secretaries of State and found out I would have to register wit...
Rob K.
Brokerage account from Self-Directed IRA
My current self-directed IRA custodian does not have a brokerage account option. I have a self-directed Roth IRA that owns real estate and invests in notes but am considering diversifying into a brokerage account. As ...
Edward Stephens
Transferring Real Estate into an Entity - Due on Sale?
Dear BP Family, I'll soon be the owner of a piece of real estate, and want to enjoy the asset protection afforded by an LLC. Has anyone on BP been successful in transferring ownership of mortgaged real estate from t...
T Brown
tenants depositing into account
How does it work to have tenants deposit directly into your bank account? Do you just give them your account number? Isn't that dangerous? I've never heard of this and would like to understand the mechanics.
TIA
Trina
Joe Rinella
Buy a rental property and transfer to LLC?
Hi everyone,I'm considering putting an offer on a 4 unit rental property. This will be my first real estate investment if it goes through. I don’t want to live in it so I'm going to do 25% downpayment. I want to open ...
Jim D.
Will the bank call this loan due when dropping the PMI?
Asking for a friend (really). A friend of mine purchased an 4-plex about a year ago with a 5% down owner-occupied conventional loan (HomePossible). He purchase the property in his personal name, but after the purchase...
James Phan
Charge a credit card fee if the tenant pays with a credit card?
Wanted y'all's opinion on this. Not sure if it's legal or not in the world of landlords.