Nick Brubaker
Lender requiring insurance be switched to my name instead of LLC
Hello all,
I have a rental property bought with cash (no original financing) and owned under an LLC. I later refinanced it. My insurance policy has recently been discontinued and replaced with a similar policy (reall...
Nicholas Sorrell
SEP retirement account
I'm currently reading "Millionaire Real Estate Investor". I just read something that has me absolutely salivating. The author says that you can use your IRA funds to purchase real estate investments without pulling th...
William Watson
Obtain LLC or use my name to purchase property.
BP , I have a question should I get a LLC when purchasing a rental property? Or should I purchase in my name. Does anyone have any knowledge in this area. Your help will be very appreciated thank you in advance.
Jonathan Bombaci
Answer to - Should I Buy in Personal name or LLC?
I get this question pretty regularly from clients so I figured I'd document my answer here to refer back to. Full disclosure, I am not an Attorney or CPA so I recommend you consult with yours however this is what I ca...
Bob Berry
Sell and walk away, or 1031?
Hello BP peopleI find myself at on the fence, I have a owner occupied triplex in Venice CA I have owned this since 1995 the property has appreciated a lot looking at about a sale of 2.2 million My problem is that I ca...
Austin Richey
Broward County Florida
Recently made a post I was looking for a duplex in Broward county. I realized that how much I was trying to pay for the quality I wanted didnt match up. I'm thinking of starting off smaller and get a single family ho...
Andrew Eaton
Fannie Mae will buy 97% LTV mortgages
Saw FNMA article this morning. "Fannie Mae will buy 97% LTV mortgages"You must be joking. [looks to see if this is an Onion article]...I wish I were joking.Haven't we been here and done this? This didn't end well the ...
Chris Mason
"$850 w/ 3.5 down, omg?!" 2021 California loan limits announced
Every year around Thanksgiving, the Real Estate Gods announce the new conforming loan limits for the year to follow. Whoop whoop!
Source: https://www.fhfa.gov/Media/Pub...
The following chart assumes that DTI, FICO ...
Michelle Moe
Construction loan at 9.75% or pay cash?
Hello! I have purchased one of Rent to Retirement’s new builds in Cape Coral Florida. It is estimated to take about a year at 9.75%. Is it better to take out the construction loan or pay cash?
Brent McKee
New member from Oklahoma
I'm new to BP and look forward to learning from and sharing with others. I'm an educator looking to wholesale, buy and flip, and buy and hold real estate in the Tulsa area. I'm also working part time as a handyman.