Ryan Kovacs
Help with Co-Op to Condo Conversion and Lending
Hi Everyone! So we have a pretty rare situation on our hands. We purchased several units that are in a Co-Op style property. Does anyone have any experience with Co-Op to Condominium conversions? We would also like to...
Account Closed
Property Manager or Company
Hello BP, i was thinking whether i should let an individual property manager who have experience working with investor or simply using a property management company to run my portfolio. What do you guys think? Is the ...
Brittney Kemp
Mobile home investors
I'm here in Central Florida where there's a plethora of mobile homes and mhp pretty much covering the entire state. I became interested in this market and business because Central Florida seems to be a awesome opportu...
Account Closed
DO You Need An LLC - It Gives Me Protection, Right? My Attorney / CPA Says That. . .
People always assume that having an LLC keeps them from getting sued, but look, the individuals are being sued too. So much for an LLC protection.
Here is who's being sued:
Federal Trade Commission, and
Utah ...
Audrey Cranmer Moini
What is the Best Way to us your 401k to buy a Home?
Okay, so I am running into an issue right now. I have plenty of money to buy a home but it's locked up in a 401k with an employer I don't work with.
I want to find a way to not have loose 40% for taking it out before...
Marcus I.
Help with a RE "sell or keep" issue
Need help in making a critical decision. This is a little lengthy of an issue for me, but I’ll try to keep it short while still giving you the proper details.
I currently own a home in AZ that I am renting out and h...
Tony Kohnle
50% Private & 50% LLC ownership
I saw a deed and mortgage where ownership was split 50/50 between a (new) LLC and an individual. Is their any particular advantage to this? Or was it just individual preference of the partners?My first thought was it ...
Raj Khadilkar
DSCR - Cash at closing / Cash reserves
Thanks to BP community. Bunch of knowledge out there which we could lean on espcially from overseas. Would apprciate if some of the lending gurus / specialists could guide me on my below scenario
Overseas investor ...
Thomas LeBarre
Personal loan for LLC versus LLC obtaining the loan
Greetings,So myself and 3x other individuals plan to purchase 15x units together under a LLC. My question is should we each apply for personal loans using our individual 20% down payment for a small business loan then...
KK Umang
Structuring loan for LLCs
Hi,
Complete beginner here. How do you structure/take loans out to the LLC corp if it's a multi-partner LLC? Do they check the credit of everyone in the LLC based on % stake or some other way of doing this? Or is t...