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Hey Everyone!!My business partners and I are in the beginning stages of getting our rental portfolio going and about to close on our first SFH. We’re paying cash for the first house and it will be in the LLC. The issu...
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Hey BP family! I close on my first property this week and after closing, I'm wanting to get a business credit card to use for rental expenses purposes, particularly the things I'll need to purchase to prepare it for r...
We have recently purchased 2 houses in Pittsburgh that were value-add renovation projects. We purchased the property with our Pennsylvania LLC with the intent of refinancing once the remodel was done and it was rente...
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We are closing on a deal on a passive income property and wanted to know what are all the loopholes?- Property is in Memphis.- Property is worth 100k.- Plan on purchasing 15 properties.- 7% ROIWhat are the ad/disadvan...
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I have a question that I am afraid I know the answer to, but I am sure someone here on BiggerPockets may be able to enlighten me.
Over 4 years ago, a very close friend bought a rental property here in Reno. The rent...
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I am looking to purchase an investment property from another investor strictly for the rate. I will make him whole, and I will take the house subto. He currently owns the house in an LLC. If I have him put the insu...
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I wanted to buy a property through a newly-formed LLC so was planning to take the commercial mortgage route. My mortgage broker told me that a conventional loan is another option as due on sale is no more an issue as ...
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Conventional financing requires the property to be in your personal name. Fannie Mae and Freddie Mac both have removed the continuity of obligation Now you must own the property for 6 months to transfer ownership from...
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My daughter currently has a conventional mortgage on a home in Alabama. She would like to sell her house using a wrap mortgage. Does anyone have any recommendations for a loan originator and loan servicer in Alabama w...
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My mortgaged properties are not in an LLC because I've read that moving them into an LLC could trigger the due on sale clause. So my question is, how would the mortgage company ever find out? Should I only put paid ...