Faith Matini
New at Investing and struggling with a few things
Hello everyone, I am new to investing and I am struggling with a few things that I would appreciate clarification on. Do I need to create a business starting out or can I just buy a house and rent it out? Is it unprof...
Account Closed
Looking for Advice from Experienced Landlords
Hi all,I am seeking information on how to set up bank accounts for rental properties. I have opened a separate account for my first rental property, but I'm not sure if I should open up a second account to deposit th...
Jerry Poon
Portfolio Loan vs. Mortgage on Investment Properties
I have the impression that portfolio lenders give loans based on the performance of the properties. While I was speaking with my personal bank, they said they could offer better rates in the form of a traditional mort...
Stu Hoffmann
Investor from Victoria, British Columbia
Hi, my name is Stu Hoffmann.I joined this website a couple days ago, and I am so glad I did! I found Bigger Pockets while searching for a review on one of the expensive real estate guru investing programs. I am NOT pa...
Kate Friedrick
Deed Under LLC, Loan Under Personal Name: Who is Loan Payer??
[This post is opening a can of worms, I know...] We recently set up a single-member LLC and transferred the deed to our duplex to it. I have been moving all expenses/accounts under the LLC as well. However, the loan i...
Sam Morgan
Can Bank Account for Security Deposit accrue interest?
Basic bank account structuring:Can Checking and Savings Accounts for individual properties be within the same institution from which I do my personal banking?If so, can the Savings Account for one property designated ...
Mike Ry
Anyone know a bank or credit union in Houston that will do 11th mortgage on a fixed rate basis?
I'm going to be hitting the Fannie Mae limit of 10 mortgages in the near future. I know that the next step is to find a local bank or credit union willing to do a fixed rate, 15 or 30 yr mortgage for properties #11, ...
Mike Richards
Delayed Financing Exemption - appraised value or cost?
Say I buy a home on 50+ acres using money from IRA 60 day rule, personal bank loan and maybe a loan from a friend. This would either be a rental or 2nd home. If I separate the house from most of the acreage, and cas...
Matt Morales
Asset management for multiple properties
Hey everyone, I have a question about asset management when it comes to multiple properties. Specifically speaking in terms of how to financially manage it. Before I get to my question I want to make clear I am not as...
Ron Alexander
llc for my flips in Florida
Hello everyone,
I am sure this have been said before but I really wanted to get details on a few personal request about it,
I do have an investment house I bought 3 months ago (A), I am going to flip it very soon ...