Brent Christensen
Recommended resources for deciding on legal structure
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...
Leon Panokarren
Advantages of forming a business entity / LLC
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...
Jonah Kubath
Refinance Personal Home for First Rental property
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...
Sergio Zapata
Is a 4.75 interest rate acceptable on 700 credit score?
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...
Ryan Twomey
Creative Financing for Down Payment on Multi-Family Deal
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...
Matt Porter
Distributing Equity When You Put No Money Down.
Let's say I want to buy a 16 unit apartment building and have absolutely no money. It cost $3million and $300k is needed to put down. I partner with 3 other people and they each put $100k down. What's a common way dis...
Austin Klesmitk
Keep cash or pay down mortgage
I currently have a mortgage on my personal property at 3.4% interest with around 100k in equity. I have around 30k saved at the moment and I am looking for a single family home to turn into my first rental. My quest...
Eran G.
Recommendations on personal finance software for begginer
For someone who keeps their life quite tidy and neat, I am afraid to admit that I currently do use any budgeting software to keep track of income and expenses. I currently own one rental property (SFR) and I am in th...
Lynne MacFarlane
When to establish an LLC - Does timing matter?
Hi BP! We are starting out and would like your advice. We have been reading that there are definite tax advantages to having your properties (as their associated income) contained within an LLC. As we haven’t establi...
Account Closed
Limit of number of mortgages?
I get the concept of finding rental property, getting a mortgage, and renting it out obtaining positive cash flow while soaking up the equity. However, is there a limit to the number of mortgages one can receive? Will...