Hello BP friends! Can someone clarify for me the pros and cons of purchasing an investment property (which I will live in) with an llc vs a personal home mortgage? Specifically, tax incentives/ deductions? My resea...
1) Having a contractor with 203k experience is crucial. If its his first 203k, you are in trouble.2) When doing the 203k draw request, make sure it makes sense. Example: you have $50K to rehab the house. your draw req...
A package of 9 SFR is available. It is all the properties in someone's LLC (he is military and going overseas, doesn't want to own at a distance, even with a PM). I'm not likely to qualify for a commercial loan of tha...
My fiancé has allowed his house to go into foreclosure. Long story short, his loan was a nightmare and he was completely upside down on it (yes, even in this market). That said, the decision was to walk away and we’ve...
So if you are the owner of property and also manage it and the property is in your name is there any way that you put the LLC so in the eyes of the tenant you are the property manager but they don’t have to know you a...
Hey everyone, I have a question that I would love some feedback on as me and my partner are looking to make our first deal happen. we are looking to use an FHA loan with three and a half percent down payment to purcha...
So I have a family friend that has been in the real estate investing field for 15 years and is very successful at it. I confronted him and told him that i want to start getting into real estate. He has been helping me...
Good afternoon BP, I have a potential purchase where I offered the owner to buy two of their apartment buildings.I can secure financing for it but their concern is paying taxes and finding something else to 1031 int...
Hello everyone, I am new to real estate investing and am super excited to hunt for my first deal. I am learning about subject to deals and want to start here as a way of finding my first deal. What my aim is right ...
Hello everyone,I am a wholesaler in PA. Just spoke to a title company and the attorney there told me that in PA I am a subject to paying taxes twice. First transfer tax between me and the seller, then the second time ...