Chris Lucas
LLC versus no LLC, Mortgages with LLCs, etc.
Hi, everyone!First post alert!I am looking to do my first two deals simultaneously (one 4-plex, one duplex, same town) and would like some advice on a few items. Ultimately, I will be talking with a CPA to discuss str...
Account Closed
CPA's advice was to not create LLC?
Hello Everyone!Somewhat new to BP. But even newer to posting on BP. I had asked for advice in another forum and someone's answer prompted a new question.I am about to close on my first duplex next month. I run all ...
Jonathan Ramsuchit
Obtaining a commercial loan.
Hey everyone,I'm looking to obtain commercial financing on a short sale/ multifamily for 400k . The property is 2 5 units. This is what one lender has told me. Tell me if this is standard.1.A brief First Keystone loan...
Nordia Dixon
Investor from Maryland
Hi, I am Nordia. I have been real estate investing over 13 years now. I'm working now on taking it to a new level. I have the education and lender but I am needing a partner that has funding to assist with making new ...
David Bell
SDIRA to fund commercial building
I am thinking of using my IRA to create a SDIRA, then creating an LLC to own a commercial building using funds from my SDIRA to build the building. Does anyone have experience on this process? Can I commingle my siste...
Daniel Perez
Buying flip under dba in Texas ?
I am in Texas and would like to buy a fix and flip from a whole seller. I looked into a llc for all future fix and flips but I see there is a 30 day waiting period. I would like to close this deal this weak. Is there ...
Luke Predmore
Taxes on Rental of Partial Primary Residence
So I bought a house that has the basement completely converted into it's own 2 bedroom apartment. It has it's own kitchen and everything, with their own entrance. Currently, I am allowing a friend to stay there for a ...
Miles Atkins
Mortgage options for a 18 year old
I am 18 and I have been doing a bit of reading on real estate investing and have came across information on acquiring loans. Most loans to my understanding need 2 years of tax returns. I have a business that is doing ...
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bankruptcy
I have located a few houses or people that are in bankruptcy. What is the strategy? the same as forclosure. I am just trying to get them out of their property or do you have to go through their lawyer
Annwar Matani
How do Hard Money Loans work?
Hi everyoneCan someone explain to me from start to finish how does a HML work? I always get scared when someone suggests HMLs... I literally think of loan sharks or getting your house or assets taken away from you whe...