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Let’s say a private money lender gives me the money that allows me to purchase a house. While I am paying him the necessary interest, what would happen to my property and the money I have been paying him if the privat...
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I am contemplating offering on a property in the middle of Tennessee, along the I-24 corridor. The property is 20 acres with two houses, above garage apartment ($150 per wk), 40 possible campsites/RV rental spaces tha...
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I currently own 2 rental properties.When I purchased them I had to pay the land transfer tax. Because they are investment properties I did not get this credited back to me.My fiancée and I are buying our first primary...
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Just curious, how would you do a personal loan to your LLC? What paperwork is required?
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I am looking to buy out of state and I am from New Jersey and the property is located in Indiana. The property is off market, and my question are, What form or document should I be using to send over an offer New Jer...
Hello BP!
I have a question about using an LLC. Seeing as it is more difficult to get financing for rentals using an LLC when starting out, would it be an option to purchase a property in my personal name, then sell ...
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I'm curious to see how other landlords keep & store your important papers--tenant contracts, deeds, receipts, taxes etc. I used to keep contracts in binders as shown in photos but with more properties, it's not wo...
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My wife and I are self employed and have reached out to Sprout Mortgage to help us do a bank statement loan. We both have good (700+) credit so the agent said that we can possibly put as little as 10% down. I understa...
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Hello, I am new to the group. I was doing some due diligence with best practices for asset protection on LTR. Our situation is a little complicated since the owner is a CA resident with a mix of CA and NV rental inc...
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I have 4 rental properties. I just use a separate bank account which is a personal checking account. I do NOT have my properties in a LLC.Should I have a business checking account or is a separate personal checking ac...