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I have cash bought, LLC owned property.I wish to keep the property & borrow against it to get a line of credit or a cash out refi.-Does anyone know of lenders who who will assist me?The 5 local banks I contacted s...
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We recently formed an LLC and transferred the titles of our two investment properties to the LLC. Also we set up separate bank account, credit card and insurance to keep finances separate as we were told to do.Just re...
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I have a rental property I purchased cash using my credit cards. I purchased it for 18k rehabbed it and now it appraised about 35k. The interest rates went up and I really don't want to sell for 35k I'll break even on...
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is there any one with experience.i came across a great deal in upstate ny multi unit rentall portfolio owner is ready to sell the LLC (saving transfer tax)is anyone experience how it he's to go as far as the closing. ...
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I currently have one rental property under my belt but plan on having more. Should I become an LLC or Sole Proprietor?
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Hello everyone,I tried searching the forum for this answer but had no luck. I just got my first property under contract today and plan on BRRRRing it. I have my LLC already set up and am getting rates from two lende...
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Hello BPSeeking advice on what to do with my LLC rental property loans, which are due to reset in the next few years. Currently all are 5 year ARM no balloon and 30 year amortization. The reset rate for next 5 year...
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My wife and I have begun purchasing properties in Tarrant County (mostly Mansfield and Grand Prairie). We are looking for pointers to local banks (Tarrant County area) that are willing to develop a relationship with h...
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How do you BRRR refinance a property bought in your name and transferred to a 50/50 equity partnership (no due on sale clause. Transfer was approved in writing)?We didn’t do this the ideal way. Purchased conventiona...
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Among confusing legal concepts, the generation-skipping transfer (GST) tax is at the top of the list. Because of its complexity, many attorneys lump it in with concepts such as the rule against perpetuities—topics tau...