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I live in Florida, and am widowed. We had owned 4+ single family homes, which are rented out. I used the money from the life insurance policy to pay off the rentals. I have set up a trust and have an umbrella policy ...
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I have a solo 401k plan and want to use this and a non-recourse loan to invest in a rental property. The property I'm looking at needs a lot of work and so will not qualify for a loan. I can purchase the property with...
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Hi everyone,I’d like to open this for discussion. Can someone list the benefits/cons of LLC’s and Umbrella Policies? I keep coming across conflicting information and am getting very confused. I am just starting out on...
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Hello everyone, this is my first post. I am trying to wrap my head around what I am getting ready to do. So we (wife and I) currently have 3 rental homes. 2 of the homes are half paid off with about 10/15 more years o...
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Question: What are your thoughts on taking out a personal loan to get started in buying properties? I have been going back and forth with myself on this issue. Thanks in advance.
I know my number, but humor me please for a minute. Use any numbers you would typically for downpayment, terms, rate, etc. Cash, whatever. I just have to check myself.FourplexRent $575 per unitProperty tax 1.79% of yo...
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Hi BP,I’m a new investor who started my journey January of this year. My dad/mentor/private lender has walked me thru my first rental property purchase. Each time I asked the right question he offered further guidanc...
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Hello, I'm looking Into expanding my STR portfolio with a condo in Myrtle Beach, does anyone know of anyone that does loans for investment that would be considered non-warrantable properties will less out-of-pocket do...
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I am looking to purchase rental properties at foreclosure auctions. I have no problem obtaining conventional financing, but cannot close fast enough to utilize that as a funding source. I have done a conventional live...
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Hi, all, I see in this forum many people are recommending form a LLC and use the LLC to hold rental for asset protection purpose. In doing so, one of the main step is keep all the funds separate from personal funds, w...