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OK So I'm sitting around looking to see if there are any deals floating around. I go on Craigslist and look at today's ads. I see two. One is a wholesaler. Then, my BP alert goes off and another listing pops up i...
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Hello all, My name is Isaiah Hamlin and I live in Mesa, Arizona. I am 28 years old and my wife (age 24) is looking for our first investment property. We have worked hard to save up extra money for a down payment and a...
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Backstory: Have a SFR in my wife’s name which we recently refinanced and currently being rented. Trying to start a LLC but lawyer highly recommended I get consent from the mortgage lender about transferring deed to...
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Hello,
I just did a cash back refi on property A. Property A is held in an LLC and has an associated biz checking account. The bank put the cash back straight into that account. Now I am needing most of that...
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Hi. Has anyone established a company (llc or other) to manage your own properties? Does it help from a tax perspective? Pros/cons etc.?Thanks.
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Hey BP, My name is Jerome Brown and i have some real estate experience. I started off wholesaling and I closed on 7 properties. I took a break because of my trucking career with being over the road for three weeks at ...
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WOW, were were looking into putting our few units into an LLC to protect our personal assets in case tenants sue, and my accountant just advised me that apart from paying to FORM an LLC, there will also be an 800$ tax...
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I'm in the process of selling a duplex that had been recently renovated. I was looking to do a 1031 excahnge as I could buy multiple properties and push out the taxes. From my uderstanding, the properties I would purc...
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Hello,
If my business partner and I take a loan out on our LLC (50% ownership) will it show up on my personal DTI?
Appreciate the help.
Thanks...Paul
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Hi!Need some advice. I own several 2-4 unit multi-family buildings in the Chicago areas with loans, but the banks are starting to question why the title has changed from my personal name to a Series LLC. Not only is t...