Tushar Pati
What Loan & How Much Down for NNN property thats already leased
Im looking to make my first commercial purchase a fast food restaurant with a new 20 year lease term at $1,575,000 and a 5.75% cap rate so around $90,000 of annual rent. I have a decent income tax wise $180,000 or so,...
Mil Sanghvi
Tenant Can't Pay Onliine, I Don't Pick Up Checks. Help!!!
Is there a way for the tenants to pay rent at a store? A couple of my tenants don't have computers and can't pay online. I will not go to the property and physically collect rent and really don't prefer mailed checks ...
Saran Mandhadapu
How to setup Holding and Subsidiary LLC bank accounts
Hi,I have formed a holding/parent LLC company and a subsidiary/operating LLC company which is 100% owned by the holding/parent LLC. The idea is to buy rental property in the name of the subsidiary/operating LLC.I was...
Will Demps
Advice on Loans
Hello,
My brother and I received a house from our father (act of donation in june 2008), the house is a two family unit, estimated value of $70,000. The house is clear of any mortgages, liens (no money is owed for it...
Sean Robertson
LLC to run your rentals through ?
New to BP. While networking I meet a realtor that said he started a LLC to run all of his long term rentals though. Any thoughts on this? Would it be wise to do for short term rentals as well?
Thanks
Tamera Muniz
Mortgage company denied request to transfer property to LLC
So my husband and I bought our first investment property in November and Chase is our servicer. We opened an LLC to transfer the deed and have been working to get a consent to transfer from Chase. I just got a respons...
Chase Calhoun
Build to Rent- BTR
Just wrapped up a build-to-rent project on Wilson Road, and I’m excited to share how it turned out! We built two homes side by side on infill lots with a lot value of $20k each and hard construction costs of $196k (bu...
Russell John Walsh
Quickbooks as income verification?
Is this a thing? I have a person wanting to verify income with last year's tax returns I am assuming 2020 filed in 2021. They also said they could show me proof with Quickbooks? Can someone say if that's normal, and ...
Mathew W.
+AAA Credit - what option(s) are best
10 year Realtor w/ +AAA credit and ~50K.
1) what should I do with my cash? Towards the loan or towards the rehab? Or split it depending on the terms my or other people will give me?
2) what type of loan...
Yumna Zahid
How successful is velocity banking strategy to pay off mortgage?
Any personal stories, or opinions on pros and cons of velocity banking to pay off debts and mortgages?