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Can someone explain how personal guaranty works on a commercial investment? LTV is: 70/30 6 partners and each is ~16% ownerDo all partners have to sign a personal guaranty (PG)?If we sign a PG and the business can't m...
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I'm doing a cash out refi and the bank is asking me, "what am I doing with the funds', what is the right/wrong answer to this question?Obviously, they have never heard of BRRRR method. thanks in advance for any insight.
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Need help and advice! I have had a single family home rental in Memphis since 2011 and never had a tax issue. I am an out of state investor. My LLC was recently revoked and put into inactive status because TN Dept of ...
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Hello BP,If I am considering renting my house out and moving into another home. Should I get an LLC? Whats your thoughts on why or why not? If not now then when should I? It would be the first rent home in my portfol...
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My friends and I formed a company 1.5 years ago and started flipping in Seattle Area. We have track records of success and now seeking for working capital for more upcoming project. Is our company too young for a busi...
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My elderly mother just turned over management of a 1 bd rental unit to my brother and I for day-to-day management. In the past the income has flowed directly to her (separate bank account) and she pays the income tax...
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I should preface questions / thoughts below by saying I am a total noob at real estate investing. * As part of exploring properties, should home inspections turn up unfavorable findings making sales fall through, it f...
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I have owned my home for 2 years now. I have roughly 140k in equity and I am looking to do a cash-out refinance. The cash will be used to start the BRRR method. I am looking at houses around 200-300k and then renov...
Hello people I'm. Buying my first rental property with a conventional loan in texas, a triplex I'm planning to live in one of them, I have a four year job history and a 700 credit score and the bank gave me the loan e...
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Hi Everyone,I have just recently purchased my second investment property using my own money on both deals. I am now looking to start scaling my portfolio further, but understand that to do this at the rate I am hoping...