Charles Chiu
Form a LLC to receive rental payment
Hi, I am a first time landlord. I purchased a TN property not long ago (and I am a TX resident).I didn't think of buying the property using an LLC. So I got the mortgage under my own name.Now I spent sometime reading ...
William Donnelly
Starting out to a dead end
Hello All!I am a new investor, focusing on small multifamily properties as an owner occupant. Forcing appreciation, new every two, and eventually moving to own a larger number of units. I have been doing research on t...
Nicole Wood
My plan...
hello all just looking for some input. My plan is to use overdraft line of protection (10,000) to try and buy a cheap property at local tax auction. I will then rent that out and see about a heloc on that house to obt...
Jim L.
Understanding foreclosure auctions better
What is the difference between estimated credit bid and judgement amount? I thought judgment amount was amount owed on house including any fees/taxes, etc. Are banks really going to take a large loss on a property j...
Thomas Loy
What now?
So, I am at a loss of what my next step should be. I currently own three propertues. One being my personal home, one is the house my wife had bought before I met her (which we now have rented out), and the other is a ...
Jeff Flaherty
Tax Lien Foreclosure
I understand 95-99% of the time tax liens don't end up in foreclosure but in the event it did would the certificate purchaser be responsible for the mortgage on the property? I'm assuming so since it seems silly that ...
Jessica Sheppard
Is it possible to buy more than 1 property under 1 mortgage
I know these questions may sound stupid to the experienced, but I am just trying to get some different ideas and see what other investors have done in the past when first starting out. I am in the process of getting a...
Aydin F.
Converting a property with personal mortgage to an LLC.
Hi, I had two questions regarding the process of converting a personal property with a personal mortgage attached to it to an LLC. After communications with a lawyer and the mortgage lender we are in the following sit...
Erika Williams
New Househacker/ Need ADU Help
Hi, new-newbie here! First, I’m so excited to be in this space and for what RE holds for my future. I recently started binging BP, Rookie podcast, books, YT, all the things. Currently in a field I’m unhappy in and I f...
Ryan Sajdera
Business Banking Account
Hey BP,Does anyone have any suggestions for setting up a banking account for an LLC? I'm not looking for bank names necessarily, but more of suggestions for things you wish you would have known or done when you start...