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My wife and I purchased a SFR in San Diego, CA in 2015 with an fha loan. Appreciation has been great and I've refinanced out of that loan to a conventional loan and opened up a HELOC with 58k available. We want to mov...
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Please, looking for advice. For example, Can I use the LLC’s bank accounts to maintain and run new property financial books?
I’m a rookie in the process of acquiring my first property in Katy, TX. Closing date Sept...
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We got a tenant application for a 2006 single family house with monthly rent $1425. The applicant has a nice credit score of 702 and monthly income of $5000. Based on tenantsearch check, he has no criminal history a...
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I am interested in a Land Contract for an investment property in Michigan so more funds would be available for additional property purchase. If I am able to pay cash on a property, say worth $100,000, what are the con...
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Hello, I recently started a property management company and currently manage around 80 properties. I also have a rental property that is paid off and in my name. I would like some capital to fund my bank account and p...
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This is my first post, after many comments on BP, so let me know your feedback! A little on this story so you understand the situation. This story started almost 6 months ago. One of the properties I had pre-qualif...
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I am stuck. I make $44,000 year salary.No debt.No rent. (parents old house) $20,000 in savings.1. Should i look for a portfolio lender first or just go through the conventional route? I just dont want to get to 4-10 p...
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I was recently advised by an attorney to open up a traditional LLC to not complicate overhead, accounting, bookkeeping when starting out. While a LLC could be sufficient, I did not want to have to transfer properties ...
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If I buy a duplex and live in one side, can I create an LLC to control and protect both sides?
Basically I want both rent payments to go to the LLC to pay off the mortgage faster. I figure if I have to rent an apart...
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So. I went into the mortgage lender at PNC today to just pick their brain about getting pre-qualified for loans towards investment properties. Sweet lady, but hard to follow. From what I have in my notes. It appears ...