How is a commercial loan to an LLC (s-corp) with a personal guarantee considered in a primary residence mortgage application?I currently have four rentals and a primary. My DTI is around 60%. I'd like to build in a fe...
Hey y'all! I have been in real estate full time since 2012, started investing in Sober Living homes in 2019 and we now have 62 of them across 14 different states. Forums and meetups like BP have changed the game for m...
I understand that if the deed lists an LLC then the insurance needs to list that LLC. What if the deed lists the LLC and the insurance lists the owners by name and the LLC as additional insured? Is this sufficient p...
I’m finally almost done with the updates that I wanted to do on the duplex I bought last fall, which means that it’s about time for me to start shopping for new deals. I’d prefer not to move and take another FHA loan...
You will have to get permits and disclose your contractor ...AB 968 requires the seller of a singlefamily residential property to disclose work done on the property, if the seller obtained title of the property within...
Hey Bigger Pockets Arizona! I have found a few properties in Scottsdale/Phoenix area that have detached garages that seem to be a very easy conversion to living quarters. I am thinking of picking up one of these prope...
Hi BP,
I need a little guidance. I have my tenants mail their rent to a PO box. My rule is that as long as it is post marked by the 5th it isn't charged a late fee. I have a tenant who has lived in one of my unit...
A brief synopsis about myself, and my current business... I am 32 years old and one of two partners in a (mostly) residential building amd remodeling company that is in its 4th/5th year into its life. We have been suc...
So, I have a question about financing rentals and flips. Here is my current situation (I’m in the Raleigh, NC area):Wife and I have high 700 credit scores and W-2 incomeWe have an LLC which we have not used to purcha...
Hi, I am in the beginning stages of the real estate business here in Arizona, and my dad has expressed his desire to help me get started. So far we have talked about the idea of him buying a house with 100% of his ow...