Frank Y.
Borrower change from LLC to C-Corp impact on current mortgage
Hello all: We lent money to a LLC (two members) last month, and now the LLC wants to change its structure to C-Corp. What impact do we have to our current Mortgage and Note, or what do we (private lender) need to do? ...
Matthew Schmitz
Do you have to own a property free and clear to put it in a LLC?
Hi everyone, my question is can I have a mortgage on a property and transfer it into a LLC, or does it need to be paid off first, and also I have been told banks wont lend to a LLC if you try to buy a single family ho...
Naoko Potts
Bank loan under LLC vs individual
This could be a question I should have posted under bank loan but since I’m still very green, I decided to post this question here. For my first property purchase, I’m looking into conventional bank loan. My original ...
Paul Stamm
Rent by the Room in Cincinnati OH
Hi everyone! I am looking to do utilize the rent by the room strategy for an investment property in the near future. I would like to rent out each room to college students. Does anyone know the local rent by the room ...
Russell Brazil
Wholesaling in Maryland Will Soon Require A Salesperson/Brokers License
This has been in the works for a couple years now. Yesterday House Bill 0301 was introduced which..."Altering the definition of "provide real estate brokerage services" to include engaging in the business of real est...
Jack B.
Wet vs digital signature for lease?
From what I read digital signatures hold the same weight as wet signatures. What say ye, do you allow digital signatures or prefer wet signatures for leases and why?The use of wet, electronic or digital signatures is ...
Thomas Key
Quick Claim Deed Advice
I bought a house last year and it was a house hack situation. My brother @Kurt Key and I are wanting to put the property in an LLC we have. We have reach out to a lawyer and they advised us to go to a title company to...
Steven E.
Subdividing 1 lot into 19... How to value pre/post? 🤔
My wife and I are subdividing a single, 5-acre plot of land in Riverside, CA into 19 individual lots. The goal is to eventually build residential housing on them. We have been working with a civil engineering firm t...
Guevara M.
Leasing To Someone Relocating
Have someone who just graduated from a university and is relocating for work and is interested in renting my condo. Application all checked out and had My Smart Move run the background checks and it all checked out go...
Catherine Underwood
How to handle USA taxes when investing from overseas?
I live in the UK, but I am hoping to purchase property in California to rent out as Air BNB. What's a good place to look for tax advice? I want to pay all taxes that are legally due, so I would need advice on how to p...