For example: Investor contributed 10,000, and will receive 11,000 as a lump sum after sale of the property, plus any interest at 9% APR if sale is more than 90 days after date of lending.To note: I looked in the BP file center and couldn't find anything that fit the bill.Thank you,Julius

Hi BP folks, I am looking for some professional advices for tax deductions on real estate investing. Right now I am hiring my father as a handy man, so in order for me to deduct those expenses do I need to have an LLC...

Like: filing  bankruptcy, try to come back a week or two from now  and claim he did not move, wrongly evicted cuz he didnt leave keys.....

Transaction coordinator.. if your highly efficient this is an excellent position for west coast folks my wife pays 400.00 a file to her transaction coordinator and will do 30 deals a year.. so that's 12k from ONE realtor most coordinators once they get a rep will have 10 to 20 agents.. easy to make 100k or better your not going to do that wholesaling on the west coast starting out.3.

Can someone tell me what happens when a mortgagor files bankruptcy before a foreclosure auction takes place.

We don't want to declare any rental income or file schedule E.

Once the master LLC is set up, the filing fees and attorney costs to add a series are relatively inexpensive.

I'm always extra cautious from any lender online, due diligence is important...Originally posted by @Jay Hinrichs:that sounds too good to be true frankly.. caution unless this is a personal friend or family member if its a private lender you met on line.. good chance you will lose any up front money you give them too good to be true terms from on line lenders or someone posting on facebook linkdin  or BP  ( on BP they will send you a PM)many times are fake.. and just want your up front fee and as much as they can squeeze out of you.usually they need 500 up front or something like that for an app fee.. they string you along and then right before closing all of  a sudden they need a grand or two.. then you send that in then they say there is a problem with the file we cant close sorry bout that. and you have formally been scammed. 

The start paying on time or they get evicted.Don't wait too long to start the eviction.Also in SC it only costs me $40 to file an eviction so it doesn't break the bank.

Stick with your state landlord tenant laws on this and suggest he ask family for help if needed. that you understand he may have to relocate and it would be better for you to let him out of his lease than have him not pay and you have to pay more money to file eviction..