Account Closed
LLC and Property Management
Do you need to get a LLC if you have a property manager looking over your rentals?
I was told that you did not need to create an LLC if you had a property management company taking care of your rentals. Can anyone he...
Emily Rose
First time investor
21 years old. Planning on investing with a partner. I've been trying to get a DSCR loan but my credit is terrible and I'm self-employed with doordash and babysitting while I wait to get hired as a Med Tech at a hospit...
April Birdsong
LLC ? for first time investor
I am looking at properties with plans for purchase in the next 3-6 months. Should I go ahead and get an LLC before I purchase/make offer or can I add property in later?Thanks for your helpApril
John Paul Whaley
How many lenders should I send my app to?
I am hoping to get pre-approved here in the next week and I am calling various lenders to see what type of product they offer. I have spoken with a few firms who would structure my first few loans as if they were a tr...
Matthew Araujo
Scaling Real Estate Business
Hi everyone, I'm a recent college graduate and new to the real estate game. I just got pre approved for a loan on an investment property and I'm eager to grow and scale over the next few years, but unsure of what the ...
Joshua Esplugas
Local lending options
Hello all I just refinanced my personal property through key bank and the process was not easy to say the least. It took the underwriter over a month to review my file and it felt like we were going through hoops to j...
Yosef Sara
Need Advice: Contractor Dispute Delaying Project Completion in River forest
Hi everyone,
I’m looking for advice from anyone who’s faced a similar situation or has experience in this field. Nearly two years ago, I purchased a single-family home in River Forest, USA, which required extensive...
Amanda Long
DSCR New Mexico Property/ Guarantors??
Hello!
Looking for some guidance… My partners and I (LLC set up) are first time investors in STR. We decided to go with a DSCR in the LLC name to help protect our personal assets… We are near closing which has taken ...
Quincy Mingo
Purchase 3-unit from Business Partner (Buyout and Capital Gains Tax Liability)
I own a 3-unit multi-family with a business partner. The mortgage is in the name of my business partner. The interest rate is 4.5. We put 5% down when we first purchased it in 2019. The loan is not assumable. I want t...
Wes Mccullar
Suggested accounting software to track income & expenses for STR
Merry Christmas BP!!My wife and I just recently closed on our first STR in Destin Florida and are now in the process of getting all of our systems set up. One of the main systems we need feedback on the most is settin...