I am looking to jump into Real estate after 29 years of working for the same company. I really can't wait to say good bye to the Long Island railroad!!! Should I be opening an LLC before my first investment? Does it m...
I purchased a fourplex using a HELOC on my primary residence so technically we bought the fourplex "cash" with no mortgage. I feel I need to protect myself and get the property to be owned by an LLC...But I need STE...
Looking for advice on how to price / sell a portfolio of (4) individual properties in Greater Portland, Maine with $56,500 net annual operating income. Titles held in separate LLCs. Excellent rental histories, great l...
If I am buying a 4 unit property and each unit is currently rented out what do I need to ask for to prove the income is what is being advertised? What else should I be asking for? Also, do the current tenants contract...
I'm not sure if this is the right forum but I'll post anyways.
I purchased a Fourplex in 2014 with an FHA loan under my name. Now I'm thinking of wanting to transfer or change title to an LLC for asset protection.
W...
Are Mortgage Brokers worth it? Any experience thought on it would be much appreciated!
Good morning, BP.
Initially, I was learning all that I could about fix-and-flips; however, I'm strongly considering turning back to owning rental properties. I just have a few basic questions regarding what to do bef...
So I got about 40k USD cash and am 23 years old, that I have been saving up for about half a decade and I plan on moving out of my parents soon. I don't pay rent/electricity etc. at the moment and essentially pocket ...
I am trying to understand how note buying works. I was looking at a non-performing note for sale and the unpaid balance is $79,300. The property value is about $10,000 and the seller wants $2,000 for the note. Is this...
I'm considering owner financing in order to sell a rehab. I've read some threads on here but I've never used OF. So I'm looking for some BP advice:
Sales Price-$67,000
Down Pmt-$15,000
OF Loan-$52,000
Interest Rate-...