Hello BP friends!I am planning to partner with a friend who will provide 20% of money for the downpayment, while I get conventional financing for the 80%. My question is: How do we legally structure the partnership to...
I was told by a mortgage person to get a license or certification to tell that I am self employed to get a second line mortgage. I dont want to do anything illegal. Is this illegal?
I dont have enough income coming i...
I live in Pennsylvania and just refurbished a home. It's near Penn State and I don't want students in there partying and damaging the property (because that is why I had to refurbish it!). I'm wondering if I can ask m...
My friend wants to give 100K loan to my LLC from his LLC (no interest) . And I want use that money for my housing flip investment. He wants to give that as 1099 but that will be my consider as income to me. I am going...
I have a passthrough single person llc that I ran rent and expenses through for a property that I personally own. In retrospect, I should have done this through my personal bank account, but what’s done is done! Tryi...
Hello BP.Thanks in advance for taking time out of your day to consider my question.I am trying to position myself to obtain financing for another rental property next year.I currently have one rental property, of whic...
If your goal was to build $300,000 of passive income per year in real estate, how would you go about doing that? What would you specific strategy be?
I don’t have a job but I have great credit.. Is there anyway I can obtain a loan?
I have a candidate who makes $90K per year. The monthly rent I would charge is $3.8K per month. Should I even consider accepting?
As you have likely heard, Virginia now requires all landlord not to discriminate based on source of funds, as of this month. Example is section-8, and what I assume includes money from non-profits. I find this to be a...