Hello BP,A friend of mine approached me about being a possible hard money lender on a property. I've never been a lender so I literally have no clue what documents or steps are needed.Here's what I know.- Owner owns t...
My partner and I are deciding on whether or not to team up and start an LLC to purchase property together. I already own several SFH, while he does not. He asked a question that really stumped me. First off, we both r...
Should a non US resident with US investment properties register an LLC in the US or should it be registered in your own country?
How about if you have properties in a couple different states but most are in one state,...
Would appreciate your help as we are in escrow for our first multi family rental. I have heard that in CA, best title vesting is - ‘Husband and wife as Community property with right to survivorship’ as it offers doubl...
I saw recently that Fannie Mae released new guidance on the due-on-sale clause where they are no longer enforcing when someone transfers ownership to an LLC owned by themselves.The quote and link below:"A limited liab...
Hey guys, I am fairly new to BP. My business partner and I have been trying to educate ourselves and soak up all the info we can from posters to begin our business on a good note. Let me preface by saying that our s...
I am in an interesting situation, let me explain. I started and LLC a few months ago to hold real estate. I have recently bought my first property, but I had to purchase it in my name instead of the LLC's. This was du...
So I'm buying my first house using an FHA loan which doesn't allow me to buy it using an LLC, so I have to buy it in my name. I'm getting insurance for my car, home owners n flood and the agent said that I should have...
In regards to purchasing long term hold rentals:
In my market, it seems that an investor purchasing a rental can get a 30 year fixed mortgage in the range of 4.0%-4.5% with 25% down when purchasing in their personal ...
I am wondering how I can legally protect myself with an LLC with an out of state rental property. I currently have an LLC in Delaware, live in California and am in the process of purchasing out of state. I have a co...