Mary Jay
LLC,transfering title, due on sale clause,+ making it all legit
Hi guys, I have a question for you...Ive been trying to transfer my 2 houses into 2 LLCs but really worried about due on sale clause. (If the bank finds out I transferred a house into an LLC the bank can make me pay a...
Thomas M.
Lender question- Landlord, 820 Credit Score, denied on small loans
Here's a question for anyone who works in lending (and a cautionary tale for those just getting into RE.
I own 4 properties, all 4 of them are on my credit report. All 4 are rented out and cash flow positive.
I ha...
Allie Dattilio
Looking for first deal — HELOC + Pre-approval, what comes first?
We are in the process of searching for our first deal. (Looking for SFH or duplex for under $100k, with under $30k in rehab needs)
We plan to take out a HELOC for the down payment and initial rehab costs. Would love ...
John S.
Does this count against 10 mortgages?
The lender that I'm working with has stated that each person can have a maximum of 10 mortgages individually. If I own a property with a partner and my partner owns the mortgage solely in their name, does that count a...
Shawn Skaggs
Best way to structure HELOC loan
I am setting up a HELOC on my personal residence to use for RE Investing. I currently have one multi family property that I bought to buy and hold and want to continue that strategy. The line will be for $100k and s...
Michael Temple
Capital Reserves vs. Inflation
Thinking about the best places to store capital reserves now that savings rates are at or near 0%. We all know it is a good idea to have plenty of reserves, but where are some ideas of places to keep them. I would say...
Ayano Itoh
LLC with long distance investment properties
Hi,
This might be a very basic question. I live in Los Angeles, California and have an investment property in Texas. If I were to start an LLC, do I have to have an address in Texas? Or can I use an address in Calif...
Andrea Shields
Refinancing a Private Loan, having problems
I have a private loan, 15%, on one of my homes that was cross collateralize with another home. This was supposed to be a short term, organize and get out. I am trying to refinance into a lower rate/term and I am havin...
Raymond Hunce
Business Lines of Credit Fees
Hello BP Community,My partner and I just set up our LLC and business bank account to invest in real estate in Maryland (Baltimore and Harford counties). We have no investments yet nor have we conducted any other opera...
Jorge Magana
1st Success in Seminole County FL
Hi All,My business partner and I have successfully Bought, Rehabbed, and Rented our first property with a 18.3% Cash on Cash return. This is a huge success for us being our first time now all we have to do is refinan...