I get that you're assuming someone's mortgage. So you just start making their payments and that's the only cost?Then you act as the bank and owner finance the property to someone else, while collecting a down payment?...
1. Do you prefer getting an LLC for your property or to use an Umbrella insurance? if either other then why? Which is normally cheaper? and which is the safer easier option in your opion?2. Do you think its smart to h...
Hi,I currently own a condo in Kissimmee, Florida, it has some equity now. I want to borrow against the equity and use the money to purchase a Multi Family Unit. I don't have a lot of equity but want to borrow as muc...
If a property has a lease on it, ie a tenant is occupying the property with a valid lease, and the landlord gets foreclosed upon, can the tenant be evicted or does the person who buys the property at foreclosure have ...
I am looking to Brrrr a duplex in South Jersey. I've found a property that I like at what seems like a good price. But in order to make a Brrrr work, I want some comps to see what I think I can refinance at later. Oth...
My Chase Business savings account pays negligible interest, and I would like a higher interest bearing account in which to place security deposits so I can keep the interest (in Michigan where this is allowed).Where i...
Hi all, and thank you in advance for your feedback! My name is Ron. I began REI 5 years ago, and currently have 6 houses / 8 units. I have purchased a couple of these rentals using a HELOC on my personal residence...
Hi. I’m looking for some advice on how to proceed with purchasing my next rental property. I just finished my first property and started renting it. I purchased a very cheap blighted property from the City that I’m cu...
I am a young dentist and my DTI is skewed when taking into account my student loans. I can qualify for physician's loans as they don't take student loans into account when looking at DTI but I can't use them for inves...
In the majority of possible investment scenarios, an LLC is the best option for rental property owners. How many of you transferred your properties to an LLC? 🤔