What preparations should I start to make before I purchase my first Multi-Family property in 2022? What systems should I have in place? What contacts should have in place (Lawyer, property manager, insurance agent, et...
I have been speaking with several lenders and each seems to have a different opinion. My goal is to access the equity I have in my private residence to add to my cash reserves in order to use this money to invest. Sel...
Hello,I've read several books and have had a solid mentor over the past couple years. I just joined bigger pockets, although I've been listening to podcasts for a while. I've wanted to get into real estate for the pas...
Dear Lenders, I am looking to run my real estate business under an LLC, am I able to finance my 1st deal through my name, and supply the title, etc. through my LLC? This way I can utilize lower rates (aiming for the B...
Stressing where and what to invest first. Thinking about wholesaling or buying my first rental property. Any ideas how to start? Thanks in advanced.Ps. Loving the community
Hi biggerpockets,Looking for some advice here. I purchased this home subject-to this past summer. The mortgage was pretty far behind, but even so it was a pretty decent deal at the time. Since it didn't make sense t...
I wanted to thank all the posters and feedback to discussions that i have absorbed over the past 18 months. i would not have ventured into this without this website and the communities discussions (and what a mistake...
Background:
-Male in late thirties.
-Own several rental properties in the Seattle area.
-Interest rate on currently primary residence/house is 3.25%, no PMI/MIP.
-Tax bracket is 32%.
-Mortgage payment is $974 a...
I’m currently looking at purchasing a 3 bedroom / 2 bathroom Single Family as a first time home buyer. I want to live in one bedroom and fill the other two bedrooms with “Tenants” / old college friends that have agree...
TL;DR - What's the best way to put personal cash into an LLC for a real estate syndication deal that will pay monthly cashflow? Also, if I borrow from my life insurance policy can I deduct the interest paid back to th...