Amber Toussaint
NEEDS FINANCING ADVICE
Need advice from my Bigger Pockets family.
Scenario: Own a MF property, bought for $350,000, - monthly income of $5,500 with mortgage and expenses @ $3,500. BRRR but no longer owner occupied -cheaper to rent elsewhe...
Kristen Bouvier Scoville
LLC vs S-Corp/ Too many Properties Rentals?? CPA - Tax Attorney
Could use some Tax Attorney or CPA advice! Here's what I have.. My husband and I live in a small Western New York College Town. We currently own over 20 properties primarily Student Rentals; 1- (6 unit 1bd), 1-(3 bldg...
Avery Moore
Are there other ways to purchase Investment Properties?
Hey BP,I am a landlord looking to expand in rental properties. I've done it the traditional way of using my credentials; credit, job/salary, personal info. to getting a FHA loan. Although, initially the property was f...
Tony Lipari
My first investment...
Almost 2 years ago my wife and I decided to get into rental properties, we found a 2 unit that was owner financing! Score! The building was 80K with 20K down, now we didn't exactly have any money for the down payment ...
Sofia Raj
LLC - Basic information on mortgage and contract
What does it mean if I am the LLC owner " own the mortgage under personal name and the property deed under LLC"?? How will the bank agree to use the personal mortgage on the LLC property?I want to own a LLC and have ...
Trevor Bozich
Purchase with LLC, Refi with Personal
Hi,I haven’t been able to find anything out there where a property was first purchased by an LLC and then deeded to personal and kept in personal name. The property was originally purchased by an LLC because it was a ...
Chris Davis
Using credit unions to refinance commercial residential loans
Hello fellow BP's. I have a question, I am seeking to purchase 2 single family houses. The first property is valued at 45K and currently rents for $600 per month. The second property is valued at 35K and currently re...
Ashley Wynn
BRRRR: Refinancing: Quitclaim Deeding
Looking to start BRRRRing, but after speaking with several local lenders in Alabama about refinancing properties held in LLC, it appears that most only provide adjustable loans with 15-20 years terms. These terms in a...
Kenneth Sesley
How do I validate Private Lenders
HI. I am looking to secure hard and private money lenders that will help me in a niche foeclosure market. Basically I work to help high equity owner occupied individuals, who for some reason have gone into default, o...
Joseph M.
Do you use a separate LLC for each investment property?
Do you use one LLC for all of your investment properties or one for each property? If not an LLC, which entity do you use and why? Doesn't the added cost of maintaining an LLC substantially eat into profit, especially...