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Results (10000)
Mike Desmarais BRRR Troubles with LLC
4 February 2019 | 4 replies

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...

Stephen Daniel Pace Business Credit Card for RE Business
8 November 2022 | 5 replies

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...

Alison Hallifax Pittsburgh Refi with LLC
23 September 2022 | 11 replies

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...

Brenda Wright What are the LOOPHOLES about an All-Cash vs. Conventional loan?
11 December 2017 | 3 replies

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...

Alexis Kennedy Uncosign?
12 February 2009 | 8 replies

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...

Neal Weinstein SubTo in LLC
5 November 2023 | 24 replies

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...

Ryan Bird LLC with a majority interest an exception to due on sale?
29 December 2020 | 1 reply

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 ...

Jerry Padilla Purchasing with an LLC Changes & What You Need to Know.
4 April 2016 | 3 replies

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...

Marci Mayes Selling using a Wrap Mortgage
28 July 2023 | 9 replies

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...

Janeen Bertolina How would lender find out if property moved to LLC?
26 March 2020 | 7 replies

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 ...