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Hello BP community!We are looking for ways of how to use Business LOC to invest in RE.Can someone explain in simple words how it all works? Pros and cons?We do have great credit scores, financial situation. We opened ...
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Here is my situation: I own a home in another state that my sister is currently living in, but she is looking into buying a home of her own. I am totally new to the real estate investing world, so new that I haven'...
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Can a multi-member LLC (filing taxes as a S-corp), collect rent and claim taxes on a property (as if the property WERE in it's name) when the deed is under one of the LLC co-owning members personal names? This questi...
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When using BRRRR, if I acquire the property using LLC, I’d have trouble refinancing... I’d imagine that we’d have to get the property under personal name and then refinance. From acquiring the property to rehabbing ...
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My preferred investment in my SDIRA is mortgage notes. The monthly payments are great, but the issue I am running into is what to do with idle cash. My custodian does not have a money market or similar sweep account t...
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Hey guys! I'm in Redding CA and just bought a duplex. I'm trying to find a good credit card for about 10k of renovations. To get a higher limit, do I need to start a business or how have people funded minor renovation...
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"Property A" is my single family home that my family lives in. We bought it HUD owned in January 2013 with a VA and it has a 3.125% interest rate. It's also got about $60,000 +/- worth of equity in it. I could rent...
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Has anyone used or had a conversation with Roam (withroam.com). Interesting concept on the assumable mortgage front. I'd be curious about your experience.
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Hello,We are new here and happy to be part of the community! My husband's parents (55+) are moving to another city (Temecula, CA) and are selling their home in Riverside, CA, valued at $915K. We love this house and wa...
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If you sell a mobile home on a note, let's say you have $3k in the property and you collect $1k down and a not for $6,500, sales price is $7.500, do you pay the complete sales tax immediately or wait till the note is ...