Alvin Pereira
Buying as an Individual - Transferring to a Business
Hi my BP Family!
I've heard a few times that you can't buy/mortgage a house as an individual and then transfer it to a business. The primary reason one would want to do this is to get a mortgage since most banks won...
Eric Reimer
Pick apart my strategy!
Please pick apart my incredibly amateur strategy! I am planning on starting an aggressive strategy of researching all the properties with unpaid taxes that are on the verge of falling into the foreclosure process and ...
Chase Shank
LLC
Transferring a property purchased in your name to an LLC. How does this work?
Thomas B.
Generate my Own Mortgage?
I'm hunting for a local bank to refinance the balance I have on my HELOC and 401K that I used to purchase my 1st rental property and renovate it. The estimated market value is $165K and I have $130K outstanding betwee...
Sang Yi
Selling is the ONLY option??
Need some help on this matter.My sister has a home in Torrance, CA. It's worth around 1.15mil. She has 245k left on mortgage plus around 100k equity loan she used for kids school. Around 18yrs left after last refinanc...
Tyler McDaniel
Financing a Residential Property Held in an LLC
Hello Everyone,
I plan on using the BRRRR strategy; buying a house for cash and rehabbing, then refinancing. I’ve read a lot of people saying that lenders won’t lend to an LLC for conventional financing and that you ...
Josias Vivancos
Creating a company for my investments
I have 2 properties, planning on having a couple more by the end of the year and probably going to do a flip too, would it be beneficial to open an LLC for my investments? What kind of company should I create for my i...
Joseph Hartel
Michigan Ownership of a property
I have a friend that has been in a relationship for over 12 years in hopes of getting married , in an act of good faith her boyfriend refinanced and had his girlfriend’s name was put on the deed and the mortgage to bu...
Robert Schwenkler
Managing liability (via LLCs) while using residential loans
Hi gang,
I'm just starting to look into/learn about commercial lending, and of course the terms on residential loans are typically better, sometimes by a large margin.
David Greene and other BP hosts talk about how ...
Alex Bishop
Best practice to structure seller finance deals?
Hello everyone! I have been talking to a local landlord about seller financing me one of his rentals and he seems very interested. I’m just not quite sure the actual process to get the deal done. Should I just have an...