Tom Rhyne
De-coupling LLC/Personal Finances
When faced with the choice of "no payroll" or "pay out of pocket", I chose the latter, and pierced the veil between personal and LLC finances, and then further pierced it paying back some of those contributions. Now,...
Rion Redinger
LLC ownership of personal residence
Is it ever a good idea to have your real estate business (LLC) purchase the property you intend to make your residence?Details:We are looking at purchasing some acreage to build our personal residence on and now am co...
Olivia Radziszewski
Including Personal Story With Offer
Hey BP-ers,
I have heard Brandon Turner talk about how he has seen friends of his include a picture and a letter with their offer on a property. The letter including some personal information about them and their fam...
Jesse M Gutierrez
Receiving Personal Funding from Family
Hello, everyone. I have a family member willing to loan me a small sum (30k) to put toward my real estate start-up. Short background...I purchased my first home approximately 1 year ago utilizing a VA loan with the in...
Scott Boroi
Personal finance vs. Investment finance
So I purchased my first investment property two years ago and have been slowly rehabbing it while house hacking with a couple of roommate tenants. Through this process I have been putting every dime I make into this h...
William Lu
How to Assess Personal Financials?
Hi BP,Getting more interested into REI, I would like to assess my personal financials.On top of my head, some main factors are income, debt, FICO, and rental fees.I feel that there is much more to consider. What infor...
Ruchin Patel
Legal Structure or Own personally
Hello, We have just got into our first property in Edmonton, AB. We have removed conditions and now are working with the lawyer to close. The plan is to build legal basement suite and rent out both units.Because this ...
Denise Webster
Privacy, Personal Tenants, and Appraisal
I am currently refinancing my rental property. The appraiser came on site, and stated that they required pictures to be taken for the mortgage lender.
My tenant has a home studio, and is worried about pictures of th...
Mike Scott
FHA + personal note to seller.
HI,I'm interested in a property 3/4 bdrooms 2 bath brick. market value is low end $65K Seller wants $55K. My partner can qualify for $50K FHA, They cannot use my income because I am self employed and do not have a 2 y...
Isaac S.
Buying personal home - financing advice
Hi everyone, I am buying a home for myself, a 650k home in the Chicago area. I have the money to put 20% down. I just want to be smart before I buy and ask is there is anything else I should consider on the financing ...