Jacob A.
Transferring property to LLC without invoking "due on transfer"
Hi all, I know this has been covered several time, but I think this is somewhat unique so I created a new topic. I'm in the process of buying a multi-family (3 unit) property. I'm taking title to the property in my n...
Joshua Michael Hauman
The 19 Secret Expenses That Could Sink Your House Renovation Profits
Ready to take on that first or next fix and flip? Before you roll up your sleeves and start swinging that hammer, there's something crucial you need to know: the hidden costs that can quietly sabotage your renovati...
Navid A.
How to fund a new LLC the "proper way"
Good evening BP,I started a new LLC for my buy and hold properties and I'm trying to figure out how I should "properly" fund it. I opened up new bank accounts under the LLC and want to move funds from my "personal" ac...
Bryan Morgan
Joint Bank Account Required To Send Rental Income
My wife and I have a rental property in Indiana that we have had for 18 years. We recently closed our joint bank account that the property manager sent ach transfers for rental income to. We provided our new bank acco...
Chris Pa
First commercial RE loan
Trying to establish an initial relationship with banks so as to qualify for a commercial RE loan. Can my business partner transfer an X amount in my business checking account for me to “borrow” and eventually give bac...
Tiffany Whitaker
How long does it take Hud to list a foreclosure?
Greetings All,
I am currently looking a home where the deed was recently transferred to HUD (3/12/2020...that's right, the day before the world shut down), but the home hasn't been listed on the HUD homestore site ye...
Kyle Ropelato
Real estate attorney to transfer deed to LLC
Hey BP, I live in Utah and just purchased a home in Florida but I need recommendations on a RE attorney to help transfer the deed to my LLC. Or if there is an easier, better way then I'm all ears. Thanks!
Stan Butler
New Owners Title Policy?
I purchased a home awhile ago and its about to be free & clear. When this happens, I will change ownership to another LLC. Will I need a new owners title policy?? Will it matter whether I use Quit Claim Deed or...
Thomas Sokolis
Collecting Rent through an LLC when personally owned
I bought a property 18 years ago and lived in it for 8 years. When my wife and I moved to our new home, we kept the property, and decided to rent it out. My name alone is on the deed. We had a tenant in there for 1...
Lakshay G.
Mortgage: Baltimore city versus Baltimore county
I'm analyzing properties in Baltimore city lately. When using "MRIS close it" app, the monthly mortgage payment is almost $100 more and cash to close is higher when using Baltimore City as compared to Baltimore county...