Mauricio Ramos
IRA passive investor approach
Hello BP Family,As I am syndicating more deals and starting to reach out outside my inner circle of friends and family for private money for my deals, i am starting to talk to a few friends/ex-coworkers that have good...
Naveen Desai
How do I go about this? 40%equity commercial loan 30 yrs @ 4%. and want to reduce monthly payments
Hi, I have a loan ( commercial) @ 4% with 40% equity built in and remaining payoff about 117K. I would like to reduce my interest rate and also reduce monthly payments. Thinking of refi with 5 yr ARM. I know I can...
Minny Nana
How to form a LLC and transfer assests/liability to it
Two post boxes? Not sure if I am doing this right. Anyways any knowledge or experience on how to create an LLC, and how would I buy a property under it if I wanted to get a traditional 30 year mortgage using my income...
AJ Aispuro
Received a Gift Loan From a Friend
My friend provided me a 200k loan to deposit into my newly created LLC. What are the requirements and or laws that I need to abide by when depositing money like this into my LLC account?
Account Closed
Sanity Check - Dallas Multifamily Plan
Howdy all!
First and foremost, I’d like to state that I myself am not in the military, but my friend/business-partner is and thus has the applicable questions.
As of right now I have a buddy separating from active d...
Account Closed
Schedule E and Financing
Hello,I have recently started shopping for lenders to have a cash out refinance for a second home in the Catskills.
The home was bought roughly 10 years ago for $125k, we did about $60k worth of renovations and its c...
Christopher Neil
Seller owns free and clear but needs cash to buy in another town
I'm meeting with a seller tomorrow on a FSBO, She owns the house free and clear, great house, superior location, directly across from elementary and high school. Continuing, it is a 4 bedroom , 2 bath. She works in ...
Trace P.
For LLC must payments be made from LLC bank account?
Hi! If I set up a LLC to hold my real estate, must all my business expenses be paid via the LLC bank account for annual accounting purposes? For example, my air ticket expenses, food during my business trips, hotel, p...
Megan Penman
Starting LLC partnership vs sole proprietorship
I have two rentals, one in Missouri and one in Nevada- I need to open an LLC - I hear NV has better protection laws on properties- should I open the LLC there and create a serious LLC? I plan to purchase more properti...
Martin Nesta
Insurance rental versus second home
Hello,
I purchased a property as a second home and now because and I had the opportunity to rent it for one year a month ago. I was talking to my insurance agent and she mentioned that the insurance is for second hom...