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Quick background for those who are new to REI: For liability purposes, it is generally preferred to hold real estate in an LLC (so if you're sued, creditors can't touch your personal assets, e.g., savings acct, primar...
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In the last 2 weeks I have spoken with three banks and they all tell me that 2-4 unit multifamily properties are commercial real estate. Every REI book I read say 5 unit multifamily and up is commercial. Why is there ...
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Just got turned down by a mortgage Lender on a refinance I was trying to do. Said my Credit Score (Middle Score) was 619 and their underwriters needs was a 620 Score. I Checked my FICO and it was 640. Anybody know ...
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I wanted to see if anyone is buying properties this way?
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Hey guys, so I don't know much about New York or New York City but I'm wanting to buy an Airbnb property in NYC. Most of the listings I'm seeing say that they're co-ops and that renting isn't allowed. Is this a concer...
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I'm beginning to learn more and more about tax lien certificates. Being new to real estate investing, I'm a bit unclear how they work, or more so, who's allowed to participate in them. I've noticed on my MLS that ther...
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I’ll be doing my first BRRRR rental in Ohio and I live in California.
If I create an LLC in Ohio, what types of fees are involved? Do I need to pay CA their minimum $800/year LLC fee if I register it as an Ohio LLC.....
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Hello everyone!I am so excited to be apart of this community. I am currently working on defining my portfolio criteria for my first investment. I am interested in multi family units, anything from a duplex to a 4-plex...
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Hi BP members,
Wanted to introduce myself.
New investor learning the ropes and concentrating on SE Florida area. Reading the beginners guide to familiarize myself with the information contained in it.
Just found...
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We are looking to Refi an investment property but have been quoted $4500 to $6300 for closing costs. Goal for Refi is getting rid of Mortgage Insurance currently have 4.87 int. rate was hoping to find around $2500 for...