Hello! I'm a side hustle investor of 5 single family homes (SFH). I created an LLC with 3 partners 5 years ago with the intent of buying 1 SFH a year for 5 years as buy & holds, with traditional commercial loans. ...
Is it possible to receive a business line of credit using just your EIN with a new LLC? If so, what steps would one need to take to achieve this?
Hi All,This is my first post and need your help please.I'm a fairly new licensed agent and will be flipping properties with a friend. I will be finding the deal, managing the rehab, and listing it. The funding will be...
Needing some advice/info. I've typically been doing 3 rehabs concurrently with my own money and/or lines of credit. Wanting to do more in 2014. Here's the question:
How to structure with private money or h...
What is the tax treatment for the different income streams from Lease Options? Is the Option fee self employment income (business income) when rec'd by a "future potential buyer"? Can the monthly income be "rental i...
If you do a cost segregation study, and take the depreciation early, when you sell the property do you have to pay it back as depreciation recapture if you are doing a 1031 exchange? Scenario: I have two Airbnb’s I wa...
I found a house on my own and have done 100% of negotiations thus far by myself. The seller is a FSBO obviously, I'm figuring I'm going to have to pay my agent a commission but can I figure that commission into my loa...
Hello, I'm just delving into acting as a private money lender for single family house rehabbers. Common terms I've been offered by the developers/borrowers range from 8-10% interest, for me to invest 85-100% of acq...
So I have a solid deal available fully renovated property, seller willing to take close to 20k less than what it appraised at which would mean instant equity. Here is the issue I am unable to get a traditional loan as...
Apparently Liberty Rental Finance is a new subsidiary of Ocwen and specializes in providing bundled loans on portfolios of single family houses and apartment buildings. I am working with a loan officer right now on a ...