Hello BP community!I’m am a new investor and looking in the Idaho Falls/Rexburg area. There is a new community of condos going up that I want to purchase for a short term rental. I really like the growth of the area a...
I'm trying to find a lender that will offer conventional style loans on a non-warrantable condo, specifically in Florida. I've found a few lenders that will offer a portfolio product with 20% down payment, but only of...
I have a condo that I rent near Tampa FL. The unit was bought in cash and is worth approx. $100,000. On two separate occasions (2016 and 2018), I applied for a mortgage so I can use some of the equity to purchase anot...
Hey I was wondering what people's thoughts were on flipping houses under one LLC. I know in rentals most people set up a separate LLC for each property to minimize liability, but for flipping houses, since it's so sho...
Hi, new to the forum here and I am looking into incorporating my rentals under a single entity and I am wondering how this would affect passive losses that have accrued over time? Anyone with personal experience or r...
I am trying to use mortgage-conventional loan to purchase a condo investment in a high ratio of non-owner occupancy condo complex in Orlando. Does anyone know what my chance be to get approved by the bank?Thanks.
I am in the process of refinancing a rental on to a 30 year fixed loan. The lender advertised this loan to me as a loan to the LLC with my self as a contingent grantor.I got the formal application documents today, ...
We have fortunately had an opportunity to purchase multiple homes off market that we plan on flipping. We have multiple investors for each project. Our initial plan was to create an LLC for each project, open a chase ...
Hi there, I am trying to refinance a condo I own free and clear, I got all the way through the process with quickenloans and then found out that as more the 10%of the units are owned by a single entity Sallie Mae et a...
I’m selling a property held in a single entity LLC and want to 1031 into a vacation rental. I am looking at DSCR loans for the new property but not sure what kind of loans are allowed in a 1031. Is seller finance allo...