Account Closed
Using personal savings to start business
Hello,My husband an I started in real estate flipping houses this year, we already had a corporation from a previous business so we are currently a corporation. We used our personal savings to buy our first property a...
Judy Jacobs
Do we have to pay rent to live in an llc property we co-own
My husband and I own a house with my son and daughter-in-law. It's in an LLC . We plan to do MTR to visiting nurses for half of the year while we travel and rent one room out to a visiting nurse during the six months ...
John Vang
Homeowner's insurance question (FHA househack)
Hi all, I'm in contract on a house hack, using an FHA loan. My lender's telling me that I need to make a one-year, advance payment on the homeowner's insurance to the lender (which holds that one-year payment in esc...
Justin Hennig
Can an owner 1031 exchange a contract for deed?
Probably an ignorant sounding question:
Can a property owner 1031 exchange out of a contract for deed once the contract is fulfilled?
I'm talking about buying to The Owner of an apartment building who owns it fr...
Richard Clark
Question: Commercial Financing for Small Portfolio - Difficulties
NarrativeSo about 2.5 years ago we started our company. It was created for the purpose of performing in real estate investment. It was created as a C-corp (not an LLC which is oddly relevant) and well funded. The firs...
Matt Tobin
How does Hard Money work
How does hard money work ? Or would a bridge loan work better ? Or are they both the same thing - please help a new guy out
Thanks
Matt
Robert Guilfoyle
LLC Setup and Name Recommendations
Hello gang - I have not been on the forum in a while as I have spent the last few months negotiating and working through a purchase of a four unit property in South Jersey. I close on the property this Friday. I will...
Craig McCarter
Should I cash out and take the tax free money?
Hi BP Forum,I am new to the BP community, and am interested in any feedback you may have. I currently have one rental house in Charlotte, NC. We lived in the home for 4 years. during that time we were able to save eno...
Kevin Breneman
Rent to own question
I currently have a tenant that is renting for $1300 a month, however they want to purchase the house. I was thinking of renting for $1900 a month for 20 years, after 20 years the house would be their's, has anyone el...
Anthony Ezimoha
Can an LLC be a Holding Company for Subsidiary corporations?
Hello allI am a Real Estate Agent and studying for my Mortgage Broker license. I plan to create multiple service business related to Real Estate as c- corporations I would like to form a Holding Company as the parent ...