Joel Betances
First time landlording help
30 January 2025 | 4 replies
The majority have evictions on their record, don't make enough income or have a lot of debt under their name.Comparing other rentals on Zillow, my asking rent is $1100 while other properties are trying to rent at $1200.
Otis Clayton
How do closing agents fund private money deals?
15 January 2025 | 15 replies
When the IRA invests in real estate using debt not only does it have to be non-recourse but the IRS says, you can use leverage but since you aren't only using IRA money for this investment the retirement account is going to pay UBIT on the income generated because of the debt.
Khalaf Spencer
Hello, I'm new to Bigger Pockets
21 January 2025 | 12 replies
I look forward to learning everything there is to gaining financial freedom and becoming an investor.
Chris Seveney
Getting A Deed In Lieu at closing to store away
29 January 2025 | 21 replies
However, deeds in lieu of foreclosure can be subject to judicial attack by their grantors and their grantors' creditors.Grounds for attacks on deeds in lieu of foreclosure include the following:• That the deed was an equitable mortgage - that the parties intended the deed to be given as security for a debt and that the deed was not an absolute conveyance.• That the deed is either a preferential or fraudulent transaction within the purview of the provisions of the federal Bankruptcy Act or any other related state law.• That the deed is a device to clog a mortgagor's right of redemption.• Unfairness of the consideration.• Coercion, fraud, oppression, duress, and undue influence.• That the deed is not subsequent to the execution of the mortgage but contemporaneous with it.• That the grantor/mortgagor was insolvent at the time of the execution of the deed.An estoppel affidavit (executed and acknowledged by the grantor/mortgagor, attesting to the fairness of the transaction, the consideration exchanged, the value of the property, and other factors showing an intention to make a genuine transfer) or a recital (inserted directly in the deed) are supporting documents used to forestall challenges to these transactions.State law and local title standards must be consulted in regard to the consideration and treatment of deeds in lieu of foreclosure.What a GREAT post!
Daniel Vo
Daniel New Member Introduction
24 January 2025 | 16 replies
By the time I retire, I want to have enough rental properties to have financial independence to enjoy my hobbies and enjoy spending time with my family and watch my children grow up.
Alpesh Parmar
Need HELOC for a property under LLC
30 January 2025 | 21 replies
Citizens first position HELOC CMG a financial 70% LTVEast West Bank, up to 60% LTV with "no docs” Figure 80% on a rental, not in LLC First Florida Credit Union https://firstflorida.cumortgag...
James Anderson
How Do Investors and Agents Build Off-Market Deal Partnerships?
6 February 2025 | 3 replies
A lot of agents don't want to have to educate someone who is broke and has dreams of financial freedom through real estate just to find out you can't buy.
Steven Catudal
Investing in Alabama as out of state investor with a partner
5 February 2025 | 13 replies
so, you're maxing out debt service which makes it tougher to cash flow.with that said, no matter the purchase strategy, you should always make sure you're using actual numbers, and not random assumptions.for example - some people will throw out '10% for capex.'
Ken Hertz
Newbie to investing in real estate
31 January 2025 | 5 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
Kaleb Garrett
Developing a solar farm?
2 February 2025 | 10 replies
Remember some organizations develop solar for their image and the feel good aspect, not the financial profit.This statement can be applied to any form of new energy development.