Aaron Hale
HML wants property in LLC, bank skittish of newbie LLCs. Catch22?
Hey BP,I’m about to close on my first property which my wife and I plan to BRRRR. The property was a lucky find at auction but it will need a great deal of work to bring back to life.The original plan was to purchase ...
Jacqueline Christina Johnson
Quit Claim Deeds and Refinancing
New to the area of RE. So please bear with me. We live in California and our family friend is an Agent selling a home in California. The buyer is currently backing out of the deal due to the COVID019 Pandemic and the...
Sarah Jones
What do I need to show proof that I able to sell my mom's home
Long story short sister was the first beneficiary she backed out mom approached me to see if my son and I would like to take over once she passed I agreedwe filled out transfer on death deed.. and I filed with county ...
David Jensen
Please Help With My First Deal: Vacation Rental in Palm Desert
Hello BP!I've very new to BP, but have lurked and engaged a couple times over the past weeks. I was hoping for some problem solving ideas and honest opinions on my potential First deal (My Parents' out-of-state vacat...
Jeremy Salvador
Best Legal Entity For Investment Property
Hi all,
I'm purchasing an investment property (residential rental duplex) and I'm wondering what the best legal entity to hold it in would be.
Purchase price: $479,000
Monthly cash flow: $1,500
Income will be ke...
Josh Chappell
Finding a fixed 30 year in Oklahoma
I currently have a few SFR's and MultiFamilies and have them all on commercial loans from 5-6% interest / 20 year / adjust every 5 years. I have contacted my lender and a few others that are local and am having a har...
Jenna Y.
First deal - deeds, corp structure timing, transfer of ownership
Hello - I just acquired an abandoned property (absentee owner), the current plan is to flip it. The longer-term plan is for my fiance and I to buy-and-hold with flips to build working capital. We have no corporate str...
Kyle Storms
Changing Primary Residence to Rental Property
Good Morning Fellow BPers!
My wife and I are thinking of purchasing a new home due to a growing family and we would like to convert our existing home to a rental property. There is little to no equity in the...
Richard Hayes
What Would You Do? 20 Year Old In Need of Some Advice
Hello, my name is Richard. I'm 20 years old and am in need of some advice.
I have graduated from college this year and have been studying real estate investing for a while now and feel like I should jump into it. I a...
Andre Delacroix
Can a mortgage loan be assumed by an LLC?
Hello, this is my first post!
I am looking for creative financing on the following deal:
$110K single family home with HCV/Section 8 tenants ($1350 rent, $1000 govt $350 tenant) in good condition:
A personal mortga...