Account Closed
ISO: Loan Person for Travel Nurse in NC (hit a snag)
Hit the first big snag.Trying to get an FHA loan for fourplex. Underwriter will not check off on it income is travel nurse income. 13 week contracts, same company for last year and never any trouble getting continued ...
Tanner Gish
Promissory Note for Owner's Personal Loan to an LLC for Purchase
Hey Everyone! Happy Holidays.Question: a partner and I purchased a property cash last month (vested in an LLC where we are 50/50 members). We have now started collecting rent, and what to set up the capital contributi...
Andrew Menkes
Can my LLC pay for a loan in my personal name?
I purchased my 1st BRRRR over the Summer through a HML. The purchase was done using an LLC I set up. I have rehabbed and rented it out with the rent going to my LLC. I am refinancing the property into my personal name...
Rob Austin
Paying back a loan from my personal account, even with LLC
Have borrowed money from a friend to start a company. Don't have the funds yet to start paying him back, My question,, How can I pay him with my own money, and then reimburse myself back when able through the LLC.
Russell Roberts
Tax effect of personal residence cash out loan used for investing
I did a cash out refinance on my primary residence in 2017. I did Not use the loan proceeds to buy, build, or substantially improve my primary residence. Instead, I used it to fund other real estate investments. So...
Nam Hoang
Conv SFH Investment Loan under personal name, but LLC paying it
Hi! I'm working with a small team, looking at various financing options for a fix and flip. Due to coronavirus, many banks are not offering portfolio loans, but they are offering conventional, SFH investment loans, ...
Annchen Knodt
Insurance issues with title in LLC but loan in personal name
Hi BP,I have a rental that I deeded over to my LLC after getting financing in my personal name (the strategy I've learned here for getting better loan rates/terms). I'm having some trouble now with the home insurance...
Gregory Cannan
New LLC, New personal home purchase, looking for loan for lot
Hello!The wife and I purchased a home in Feb of 2020.We formed an LLC in September. We haven't set up an account yet but when we do, we are thinking of bringing on some members so we can fill that account with some ca...
Tyler Kneer
Package Triplex and SFH First Deal with LLC or Personal Loans
Hey All!My partner and I are looking to buy our first property(s) and we have our eyes set on a package deal. This package includes a triplex and one SFH. Their current listing price is $115,000 each or $230,000 total...
Tyler Kneer
Package Triplex and SFH First Deal with LLC or Personal Loans
Hey All!
My partner and I are looking to buy our first property(s) and we have our eyes set on a package deal. This package includes a triplex and one SFH. Their current listing price is $115,000 each or $230,000 tot...