I purchased a SFR property years ago and I financed it under my personal name. I then transferred the deed to my LLC. My CPA advised me to transfer it back to my name and not leave it in the LLC. His reason was that I...
Hi everyone,
I'm trying to get a sense of where I should start my RE investing career. I'm interested in New York due to my proximity, and Florida since I have family and a few friends that live in the Miami and Fo...
Hey BP community! Question regarding conventional financing when a business partner is involved. I have several SF's, and my brother does as well. We are looking to partner together on some 2-4 multi-family units, but...
So a few months back on a different thread @jorge ruiz brought up this idea and I was curious if anyone has does this or if it's possible.You create an LLC. You buy a home. Your LLC gives you a loan for the home. You ...
First, I initially came to this forum with so many questions I wanted to ask. Man, this is probably the first forum I've visited where a lot of the answers were already here! It's absolutely wonderful. Thank you. I do...
Good Morning!I have some apartments that are in need of tenants! My PM is getting an abundance of calls however either they have 60lb dogs OR request section 8. I am staying away from Section 8 as it's my personal pre...
We own four rental properties in central Florida and have had some conflicting views on how to protect them via an LLC. Initially we were going to get a separate one for each, but then a well-known real estate investm...
I have a few questions here:
1) if I have 2 year's tax returns with rental income reported but have not had the rental property for 2 years (say 1.2 years), will lenders still consider the income? I do/will have a si...
Hi all,I am a newly licensed agent in the state of NJ. I am looking to have my main focus be on helping investors. I haven't done any investing myself yet, but I've been a BP member since earlier this year. In that ti...
Hello Everyone,I took a hiatus from studying REI and from Biggerpockets, but I'm glad to say I am back and ready to go! My wife and I are currently going through the pre-approval process to buy our first property. We ...