Lauren Brychell
Unraveling the Nuances: Delaware Statutory Trusts vs. Deferred Sales Trusts
Investors seeking to optimize their assets, defer taxes on large capital gains, and secure their financial future often explore various trust structures to achieve their objectives. Two popular options that have gaine...
Thomas O'Donnell
Setting up a Checking/Savings Account for Rental
I am looking to set up an account at a bank different than my personal one for rental property expenses/income and savings. However most places are saying I need an LLC In order to use the accounts for a rental proper...
Robert L.
Refinancing Commercial Property for More Cash
Hi everyoneNew to this forum and couldn’t find an answer so here goes. a few levels to this question and appreciate any input.I am “inheriting” a commercial property of my parents — they are planning to transfer compa...
Jorge J Gonzalez
I'm questioning my closing Costs with the bank
Hi BP familyI'm getting ready to close on my first income property with Wells Fargo. Closing cost are $2792. Wells Fargo is also adding another $3709 in "other closing" cost for a total of $6501. The other cost inc...
Cathy Malmrose
Does tenant's lease always transfer to new landlord / buyer ?
I am selling all my properties this summer and wondering if the new landlord is legally required to honor the terms of my lease or if the buyer can replace the lease with their own? I am thinking they can switch to th...
Spencer Hilligoss
LLC transfer approval from a large conventional lender (PART 2)
This is a followup to PART 1, posted last month: "Avoiding Due on Sale clause with a conventional lender. A saga."---This is a "learn from my mistakes" example for other new investors. If you intend to borrow from a b...
Craig Garrow
Could someone school me on a ROTH Solo 401k?
So, I've got a full time job and an employer matched Simple IRA that I contribute to. I'm also a real estate agent and investor, and I have read some things about a Solo 401k plan, that I may be able to start and fun...
Juan Ayala
LLC Title Holding/Financing
How does the conversation go between Lender and customer when asking to have the investment property placed under the LLC financing?
Brandon Redfern
Quit Claim Deed to LLC
I have recently purchased a few rental properties with a partner. One property is in his name and the other two in my name. We just submitted the paperwork for our LLC. I've read on here and have been told the best t...
J.M. M.
Home Equity Line of Credit (HELOC) issues...
Okay first the good news. PenFed is really amazing when it comes to HELOCs for a Rental Property. 80% LTV. Very fast response. I applied Friday and heard Monday I was approved, "when do you want the appraisal?". Appra...