Jeff Wilson
Is there a way keep my rental units in a divorce?
I have 3 rental units right now and I am thinking about buying more (many more) soon and make that my full time job. I am currently married but am concerned that that might not be the case forever. My worry is that ...
Jeffrey Mcintyre
LLC's and Self-directed IRA's
Good afternoon BP members,Question:I found an opportunity to invest in a Real Estate property. However I would like to do this via a Self-Directed IRA account.Would I need to create a separate LLC for the Self-Directe...
Alexander Straffin
Buying a family member out of a shared property inheritance
Hello all,My brother and I inherited some land in Vermont from our late grandmother. We have come to a verbal agreement as to how I am going to buy him out of his share.The deal is that I will pay a sum of money on a ...
Andrea Ramirez
How can I get out of my lease?
Its almost a month since I moved into a rental property, and it has been a headache form day one. The landlord asked me to move earlier assuring the property was move-in ready, but it wasn’t.
The day I moved, I fo...
Harry Williams
Being the bank in your own multi-family real estate deal?
I am considering a partnership with a real estate investor to buy and hold multi-family real estate deals. We will call it "XXX Company" for example. The partnership is 50/50 (as defined by our operating agreement), a...
Marco C.
PROGRESS UPDATE: - An unlikely turn of events.
My last post was a few months ago. Right around the time the #BP90Days Challenge started. Prior to that, I was hitting every road block imaginable with each new step I took. Even after the renewed motivation, each ...
Account Closed
Earnest money refund in OK?
I have been under contract for a house in OKC as an out of state buyer. The contract has been followed regarding inspection and provision of needed remedies. Seller agreed to all of them as well as to providing photo ...
Tom Server
garage being used as storage
So I'm in the process of purchasing my first triplex. The property currently had 3 tenants paying under marker value.. I'm still cash flowing. My questions is 2 of the units contracts are up on Feb 2024 and the other ...
Kate Schaefer
Cash For Keys Best Practices
Hello BP!My partner and I closed on a duplex at the end of April. We knew we were inheriting a tenant when we purchased it. We won't be able to start work on the property until he is out because he has the only baseme...
Greg Larson
Owner Finance - What if owner/seller passes away?
Hi BP,I'm working out an owner finance deal and I'm curious what would happen if the seller passes away while our agreement is still in place. Would I just start making payments to the heirs of their estate?