Drea Smit
Financing a purchase through LLC
I’m looking to purchase my third single family rental property through my LLC and am not sure how to structure the financing. I paid cash for the first property, then used a combination of cash and an equity LOC on fi...
Nate B.
Contract Void? Undermarket buddy hook-up prior to closing on storage
Must annual contracts be upheld after transfer of ownership?Scenario: Closing on a storage facility. A few annual leases in there at under market rents. I was going to leave them in place; however, this weekend the...
Gerald Lunetta
Cash out Refi in a LLC
I just got a property under contract. It doesn’t need much work, after I get it rented I want to cash out refi. I’ve read a few things saying it’s hard to do a cash out refi under and LLC so should I just put the prop...
Sydney McCloud
Bleeding sound between floors
Tenant has notified me that the noise coming from the floors above is loud. I know that is probably just a normal and natural part of apartment living, but there is very squeaky floorboards right above the tenants bed...
Ryan Dusel
L.L.C. owned property disqualifying first -time home owner?
My partner and I are deciding on whether or not to team up and start an LLC to purchase property together. I already own several SFH, while he does not. He asked a question that really stumped me. First off, we both r...
Lily You
Apply for mortgage with LLC
Hi all,I got pre approval letter from my lender under my name. But now I’m trying to set up a Llc and would like to apply for mortgage with the Llc.my questions are : what type of mortgage can I apply for with Llc, is...
Jessica Shell
Buy personally or make LLC (company)
I am about to purchase my first rental home. I do plan to purchase more in the future. My question is, when starting this, do I buy personally or start a LLC? Commercial loan rates are higher than personal, however I ...
Aaron Heun
Sale of Property to LLC (Partnership) to step up basis
Ive done some research and spoke to an accountant but Im curious if anyone here has advice on this topic. We (my wife and I) converted a primary residence to a rental property and it has appreciated considerably. We...
Juan Ayala
Business Line of Credit
I’m looking to get a business LOC and would like to know what people think about transferring the deed to a property into the business; would this be beneficial to the LOC approval?
Andrew Jones
How to handle being given a house
Let me start off by apologizing if this is the wrong section. Ok so here is the deal. My uncle has owned my great grandmother's house for about 15 years. No one has lived in the house since Hurrican Katrina. On Good F...