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...
Samuel Watts
Anyone doing BRRRR as a full time job? Good idea or bad idea?
Hello! I am finishing up my first BRRRR project now and getting ready to purchase my next project now and am wondering if it is possible to do this full time and if there is a good way to pay myself? A rundown on my f...
Nicholas Preston
From Personal loans to LLC financing
I am about to finance my fourth rental property using the BRRR strategy and then my bank will not lend to me anymore, hitting the magical fourth loan. My loan officer suggested creating an LLC and buying houses under ...
Dan Tsunekawa
Long Term Financing for 3-unit LLC in Chicago
I am currently rehabbing a 3 unit property in Chicago. My partner and i are holding title in an LLC. I am looking for long term financing once the rehab is complete. I assume we will need to use some kind of non recou...
Patrick Philip
Can someone give an example of how to make money with sub2?
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?...
Tyler Battaglia
Initial questions about rental property investment
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...