Chandler Ludwick
Is the LLC path common?
I like the liability protection an LLC provides, but everything I read says that banks won't lend to LLC's (or allow to deed to an LLC normally). So do most of y'all not go the LLC route? I am assuming then you would ...
Sahaj Bhakta
Need Advice about LLCs - foreign vs. domestic (CA resident)
Hi Everyone! I would appreciate if any accountants, lawyers, etc. can shed some light on the implications that arise from being a CA resident who invests out-of-state through a business entity such as an LLC.
I want ...
Forrest Hayashi
Which lender allows cash out under 12 months
Hi BP'ers,So i purchased a duplex all cash and i went to my local lender at chase to get a ReFi and was told that they cant do it since my holding period is less than 12 months. Are there any alternative ways/lenders ...
Dave B.
I accidentally bought a condo ?!?!?! Someone please advise
BP,I'm in a major pinch and I'm turning here for some advice. I recently purchased a single family home in new small subdivision for 185K that I plan to rent out for 1,800. I was just notified after the purchase was f...
Chris Walters
Landlord asking for bank info
Hi BP!
I need help as to know whether or not it is normal for a landlord to ask a new tenant for their bank info (bank name, branch address, account number). The landlord is willing to accept post dated checks, ther...
Joseph Taylor
LLC for Hard Money
Hey everyone. I’m looking at purchasing my first property. I may have to purchase this with hard money. It will be a single family home or a 4 or less unit property. The hard money lender is requiring me to start ...
Michelle Calicchio
How far do you go with backgound checks?
I have a perspective tenant who looks good on paper. He's already revealed a past bankruptcy and explained how it came about (his employer was located in the WTC and when it went down, the business folded. He tried ...
Landon Dean
Portfolio Loans
Portfolio Loans.....I am looking to learn more about them and some real life scenarios people have used. 1.) How does it work compared to a traditional 20% down loan that I have used on my other two properties.2.) Are...
Gwen Fyfe
Would you blacklist whole family of an evicted tenant?
This is a bit of a hypothetical, but I'm starting to think it's going to happen at some point. It's also a funny story. :)I'm currently in the middle of evicting one of my tenants, Nora Jerk. Nora is a single lady wit...
Clayton Swansen
Why aren't more investors acting as GC's??
Hi everyone! I went to my local REI meeting tonight here in Bellingham, Washington, and was so incredibly moved and motivated by all of the people who are working so intently to make their dreams come true for themsel...