I have spent hours reading and cant find this answer. I've talked to 3 CPAs and they all say it depends (given, I haven't paid them it was an initial consolidation for each firm). Please. I need an easy answer. This i...
I'm working on being very clever and realized I might be trying to be too clever... I could use some advice.OVERVIEWI have a sfh + ADU in a very popular part of Atlanta - Old Fourth Ward. I'm using the ADU as a STR an...
My husband and I own 4 single family rentals. We have a personal home with a mortgage on it that we've paid down substantially over the years. We use a HELOC on our personal home to buy rentals with cash. We have so...
I'm trying to structure my first rental property. There will be at least 2 partners maybe more. We will all contribute the same amount of cash for the down-payment and all other initial costs. We want to sign a par...
Hi All, I am running up against the personal mortgage limit of (10) and have to go commercial if i want to continue . My question(s) are:If for example i pool 5 properties together into one loan, and decided to sell ...
My wife and I are set to close on our first purchase in 2 weeks. We would also like to set a contract to build a home with a personal mortgage as well. Does the LLC loan count against our ability to qualify for a pers...
Hey all, Very new here and I apologize for asking newbie questions. Say my partner and I have an LLC with investment funds in the account. Is it possible to get a loan under one of our names to purchase a home but use...
Hello!I have seen some posts around this topic, but nothing that definitively answers my questions.I just talked with a lender that will provide a loan in my name, even if the title for the property holds the name of ...
Is it possible for an LLC to obtain a mortgage without a personal backing? It is my understanding that if the LLC has good credit and a history of financial dealings then it can. How long of a history and how ...
Hello All, My husband and I are tracking to purchase our first multifamily in Milwaukee in the next few months. We currently live in Chicago (my husband grew up in MKE so is very familiar with the city) and we have a ...