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After reading lots on this forum, I realize that I do not need to create an LLC but an S-Corp for purpose of (personal liability protection only) . Since the taxing will pass through to my personal income thus the sa...
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I am on the verge of my first real estate deal. I am buying a duplex and plan to live in one rent the other etc... My question is that I found two that I like, both need a similar amount of work (mostly cosmetic). Bot...
I am looking at a piece of property that will cost about $65K. I can put down $30K but would like to borrow the rest. This will be my first real estate purchase and my first loan. I am unsure what kind of loan I sh...
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Explaining the Loan Process - Mortgage UnderwritingPlease note: Slight discrepancies in this process may occur as lenders may designate responsibilities differently among loan processors and underwriters.Your mortgage...
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I am looking to register a business, owned wholly by me, with the goal of finding commercial real estate to later purchase. For those that have done this, what business structure did you chose and did you need the hel...
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I have a duplex. Both sides rented out cash flows about $100 a month. Not much at all but I bought it as my first house and lived there for 9 years. It made alot of sense then. Now, its worth about $145,000. I owe abo...
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There have been many article and posts lately about the faltering economy. We will/are seeing record foreclosure numbers, record descent in home prices, and giant losses of equity everywhere. But with all of the tur...
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I am just trying to figure out if a strategy like this COULD work.
It seems that the requirements for down payment on a commercial, multi-family is typically between 25-30%.
I do understand that seller carry back ...
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Hello,
We are planning to make an offer on REO. Property don't have major problems, but I think there will be issues passing FHA inspection. (garage converted to room, illegal)
I really want that property and the only...
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Hi! I found an abandoned property with delinquent property taxes. If I pay the back taxes, can I put a lien on the property and then try to find the owner to see if they will sell? Can I demand that they pay me bac...