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I recently received in the mail a notice that I am not allowed to transfer my primary home to my LLC. They mentioned restrictions due to Fannie Mae.I would be subject to termination if I do not transfer it back.Has a...
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How do you guys track rental income from your properties? More specifically, do you put it into a bank account (savings or checking) that is specifically for your rentals? What are the disadvantages/ advantages. I onl...
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Hey BP, I am excited to share my creative finance story on this deal I just wrapped up. So the mobile home park details are as follows:Purchase price: $110K13 homes, 2 lot rent and 11 park owned.(2 vacant units)City ...
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Hey folks. Any one else dealing with smaller contractors requesting payment to payment systems like Venmo clearly linked to individual/personal accounts on invoices from their business (and requisite business taxes ad...
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I am a small spec home builder. I build under 3-10 houses per year. My bank will lend me to my personal name enough money to build a large spec home at a much lower interest rate than my HML. I want to know what would...
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Hi All, I am trying to close on my first rental property. I have some concerns and could use your advice. The purchase price is 62,000. Rehab costs are 27,000. ARV is 130K. With some holding costs, closing costs, ect ...
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Has anyone had this experience?
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Does anyone know the benefits of having business credit in Real Estate. I know that it takes some liability of debt away but I'm currently considering starting to build my business credit or if its even worth it, any ...
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Hi all!
This is my first post here and I'm happy to be apart of such a knowledgable community! Here's my situation...My wife and I currently own and manage 2 vacation rental properties. We would like to expand even...
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I knew it would be hard getting financing for my business. I just didnt think it would be hard to get anyone to call me back. I have my business setup in a credit union and was looking to get some new ideas. I'm closi...