Jonny Morris
Help please! Setting up the business/LLC and bank accounts
Dear BP,
Firstly, I would like to share that I am doing my best to learn and don't want to give the impression, as sometimes is the case, that I have not tried to find the answers.
I have my HELOC approved. I have...
Jared Kotler
CASH OUT REFI CONUNDRUM
Hey, Bigger Pockets folks! I took the challenge last year, I think Brandon gave me about 90 days to buy a property. I have been thinking about it for years. I started doing flips, I'm a realtor, but I never got into b...
Lindsey Martzke
STR using 2nd home financing
I'm in the process of acquiring my first STR and am hoping to using 2nd home financing for the deal. What I am running into is, the lenders that I have been working with are stating that I need to purchase the proper...
Cynthia Ng
Purchased my investment property already but no $$ to renovate
I just purchased my 7th investment properties and I'm out of cash to renovate I had 3 mortgages on 3 of the investment properties; what to do??
Alan Becker
Quit claim deed to put property into LLC
I have a rental that I own outright. I want to put it into my newly formed LLC before I finance it to regain capital for investing. I've heard that the easiest way is to use a quit claim deed. Does doing this affect t...
Nick Victorio
Home with 3.625%, trying to takeover mortgage, renovate/rent home and buy TX home
My parents are moving out of state and want to sell their home, but are willing to put title over to me if i can figure out some creative financing(Prop 13 advantage). Which includes buying them a home in texas and p...
Dazrell Fleming
Taking a personal loan to purchase a home
So I found a deal for 45k on a single family home valued at 75k. Since the home is under 50k I struggle finding a bank to finance the deal as an investment property. So I applied for a personal loan at 10.9% apr over ...
Jay P.
Best Use of Low Fixed Rate HELOC
Hello Guys, I'm new to BP. I am thinking about taking out HELOC on my primary home to pay off my primary mortgage faster (I will be doing mortgage recast at the same time to lower my monthly payment). Please advise me...
Brice Alef-Torrisi
New Renter First Month Rent and Security Deposit Handling
Hello Everyone,
I recently bought a 3-unit investment property in Michigan and have plans to rent out one of the units to the sister of one of the neighbors. I have her staying in the one br while we renovate the oth...
Jose Diaz
Should I incorporate before Investing?
Hello everyone, I wanted to know what the opinion of everyone is regarding incorporating before beginning my investing journey?
If yes, is a C-corp more effective tax wise than an S-Corp or LLC in general?