![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1378351/small_1665202011-avatar-laurasima.jpg?twic=v1/output=image&v=2)
Hello! I have a few questions about purchasing an STR. It would be our first rental property. 1) should we form an LLC first? Or can we do that after the purchase? 2) STR insurance: I’m guessing we should purchase a p...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/465015/small_1695164098-avatar-devlinh.jpg?twic=v1/output=image&v=2)
Are there any benefits of Recourse Loans? Or are non-Recourse loans always a better decision? Specifically for large apartment building purchases.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1893094/small_1694618276-avatar-gregh274.jpg?twic=v1/output=image&v=2)
I’m looking for guidance or opinions for the future. Currently I own my home and I make a decent salary for my area, Hattiesburg, MS. Housing is cheap. I bought the home I live in through a foreclosure and decided I w...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1798186/small_1621515651-avatar-drj18.jpg?twic=v1/output=image&v=2)
What do banks/lenders consider when someone wants to purchase a multi-unit rental? Is it based on tenant occupancy or additional factors?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/505222/small_1695634537-avatar-kimberleee.jpg?twic=v1/output=image&v=2)
I have a question regarding financing options for my situation.Facts:
Own my personal residence free and clear.Have enough in savings to pay cash for one single family rental if I choose. Excellent credit.No debt of ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1544372/small_1695480839-avatar-johnd1128.jpg?twic=v1/output=image&v=2)
Hi All,
One thing I need clarification on in the BRRRR method is the refinancing part more specifically how much cash I should pull out of the property. Property will have a ARV of about $250k and rent for about $2...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/337366/small_1621445152-avatar-talaugherty.jpg?twic=v1/output=image&v=2)
Hello all -My current non-RE related job is probably going to end in about 6-8 months and I'm trying to think through options on whether to do REI full time or if I should get a job in the real estate industry for a w...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1315445/small_1694927880-avatar-jerodb4.jpg?twic=v1/output=image&v=2)
I heard about this lender on the the podcast. I am interested in refinancing my SFR rental property onto a 30 yr note. Anyone work with this lender? Any concerns? All input appreciated!
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/443875/small_1621476910-avatar-andrewb81.jpg?twic=v1/output=image&v=2)
Hello BP Family - I have a client that is in a financial predicament. They own rental property valued at $700k that is 100% paid off. The rental income is their retirement income. I would like to know if anyone here i...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/347433/small_1621445782-avatar-chadclement1.jpg?twic=v1/output=image&v=2)
A bank that I have 2 mortgages with from 17’ and 18’ has sent me an email requesting an updated personal financial statement and tax returns. I was a little surprised being unaware of my responsibilities to maintain t...