John Haveman
HELOC lender to LLC with foreign shareholder
Hi there!I'm looking for recommendations for a HELOC lender to an LLC with a foreign shareholder.Property - Atlanta, GAProperty valuation - $240,000 (Zillow $279,000 unlikely)Current mortgage loan - $120,000LTV requir...
Gabriel Beverly
Moving To Colorado Springs
Hello BP! So after a long time my family and I are finally in a position to buy our first investment property. I was looking at a duplex or triplex here in the Houston area to get things going with a house hack, but I...
Steve Christensen
Transferring Property to LLC
I have a friend with a few properties who bought in his name with an umbrella policy. Now wants to transfer to an LLC. Mortgages are with Chase and US Bank, and they are giving him the run around. Is there a way to do...
Edward Casano
Calculating Property Tax in NYC
Hi All,I recently began my search for a multi-family property to buy and hold in NYC and have been getting caught up in the tax calculations. I worked with a couple different lenders and they didn't completely underst...
Michael Lleverino
Financing alternatives
I've been contemplating using HML to buy my 2nd property. My understanding is that HML will lend you money for about 6 months allowing you to sell the property or refi to a standard long term mortgage. Problem is...
John Vandivier
Subdividing R-1 vs R-2, VA (Fairfax County)
My understanding is R-X designation indicates residential where X is the number of dwelling units per acre allowed.I fully understand why a second dwelling unit could not be created on this R-1 zoned lot of about .6 a...
Hjiorst Fjioords
1099-MISC Rental Income and Box 3 "Other Income"?
This is my first full year as a rental property owner, and I am doing my own taxes. I received a 1099-MISC from my property manager showing the expected amount in Box 1 for rental income, and about $1200 in Box 3, "...
Matthew Kuncl
Investor Friendly South Florida Attorney Needed
We are looking for an investor friendly attorney in South Florida. We have contacted a couple in the area and they simply fail to even reply which is disappointing considering who recommended them. We need an attor...
David Bates
Best state to incorporate LLC & taxes for foreign investors
Hi All,Merry Christmas!I'm a British expat working in China and have been looking for a way to improve on the poor returns I've seen in China and Europe recently. Some US rental markets do look very attractive, such a...
Geary Crawford
Refinancing after HML on buy and hold property
Hello,I am new on BP, but I have already learned a lot just from reading different things over the past couple of days. This website is a wealth of knowledge, and I really appreciate all of you who are willing to help...