Chris Connery
Splitting taxes/income between LLC members
Hi all,IS it legal for one member of a dual member LLC to claim all of the income/pay all of the taxes on their tax returns. Leaving the other partner not claiming the income/ not paying the taxes. This of course has ...
Jay C.
Understanding Closing Costs on a Refi
Hi all,
I'm looking to refinance and I just want to understand the Closing Costs and Cash to Close details. The estimate of the Closing Costs and Cash to Close are wildly different in the Closing Disclosure that I'm ...
William Strehse
First Deal under contract - looking for advice on Hard Money loan
I have my first deal under contract. SFH purchased for $25K in Clifton Heights, PA. I am estimating the Rehab cost at just over $50K. We are using our own funds for the purchase price and closing cost and have fund...
Nicholas Blaylock
What should I do with my 401k?
I just left my long time position at Home Depot and accumulated a pretty big sum of money. Without transferring my money to my new job and suffering penalty fees, what would be the smartest decision to make with my mo...
Kevin Enos
Selling a home "Subject 2" the existing mortgage.
My question is about when a home owner sells their home "Subject 2" - meaning deeding the house to someone else but leaving their existing mortgage in place. If that seller tries to buy a new home afterwards, will th...
Stephen G.
FORMING AN LLC: Prior to contract or during closing? Advice please...
Hello All! Happy St. Patty's Day!I am in the market for purchasing another multifamily property, but this time I would like to consider the possibility of rolling it under the protection of an LLC. This leads me to my...
Jean-francois Ndomb
HELP - FOUND MY POTENTIAL FIRST 4 UNITS ( FIRST DEAL)
Hey guys,I am getting ready to buy a 4 unit multi-family property from a friend who does not want it any more but doesn't want it to go back to the bank ( moving on to a different business). So instead of $85k it w...
Mark Wood
203K FHA Loans - are they Unicorns?
I'm interested in doing a house hack with a 4-plex that needs some work. I'd like to the FHA 203K loan on this one, but I can't seem to find anyone who actually does them. Everyone knows about them and says that the...
Max Demydovych
Newbie from Lancaster Pennsylvania!
Hi everyone! I'm Max! I'm new to BP forum but a huge fan of the podcasts. Can somebody recommend financing or lenders in Lancaster, Harrisburg or york area? I'm looking to buy 3 or 4 unit apartment. Don't really have ...
Corinthus Wilson
203k contractor
I am currently in the process of purchasing a three unit building and need a contractor in Chicago il area who is familiar with the 203k process. .