I'll start out by saying I've read some posts and talked with people which most say to focus on getting deals before an LLC, but of course I feel I am a little different situation so I'm asking for everyone's opinion....
I bought my first rental 2 years ago and will close on my 3rd in a few weeks. I plan on growing the owner managed landlord business and need to get serious about liability and asset management. Right now I am regula...
I have some land about to be under contract where I plan to clear it, reinstall the utilities, and either build on it or have a smaller new home built on it. I'm having trouble finding someone to lend on this. I am co...
Hello BP. I would like some advice on securing loans in the name of a LLC. I currently hold a property in Philadelphia. Property is owned outright in a LLC, valued around 180k and occupied with a paying tenant. I ...
Hi, We have one loan for my house under my name, another loan for a rental property under my wife name. So if we want to buy another rental property who do you suggest to get the loan? Myself or my wife? We have same ...
That isn't at subprime rates (higher than 6%) for buy and hold strategy. Perfect credit but in Canada. Lenders I've talked to so far say that they will finance at 7.99% for an LLC hold, but as I am smarter than that i...
I’m debating on a property that I got emailed about. I believe it’s a wholesaler. He says all the seller wants is to save his credit and is 6k behind on his taxes. The seller still owes 78k on his property and wants 4...
Hello everyone! My name is George Romero I'm new to Biggerpockets and I'm sooo glad that this is available. Some advice is greatly appreciated for this deal I have under contract. It's a 7 unit MF that needs one unit ...
I was blessed to have money gifted to me from my parents from their LOC (line of credit). The LOC comes with a monthly payment which I am looking to pay so I get that tax benefit. I'm looking for advice on the best wa...
As self employed folks, we generally end up with no doc type loans. We'd like to do a no doc cash out refi on our personal residence but we haven't dealt with brokers since before the big financial meltdown so I'm not...