Andrew Faukner
Crowdfunding and taxes
12 August 2018 | 8 replies
To begin with, ask if the investment is a debt or equity.
Edisson Casseus
Needs more details on seller financing
11 August 2018 | 6 replies
If you mean you take possession of the property and the previous owner still has a mortgage on it, no, because you don't own it.If you get title and you sign a promissory note to the seller to make payments (essentially the seller becomes the banker), you can get a loan for two situations: 1> a loan with a bank to refinance out of the promissory note, which pays off the seller what you owe, and places a new lien on the property. 2> Potentially a rehab or 2nd mortgage "IF" you can find a bank willing to take a 2nd position on the property.
Sarah Huffman
Cash buy, site unseen
12 August 2018 | 2 replies
Given that we would buy site unseen we were going to offer $75,000 (listed for $95,000) and demand the seller clears out the tenants before we take possession.
Jason Aurelius Sawicki
Just starting out - should i invest $40k now or ...
14 August 2018 | 10 replies
If it were the only way i could jump start into real estate then i think i would consider a $25k loan or something to put down on a $100k property - but since i'll have a little money to get going next year I'm going to be patient and for now just learn and pay off the little bit of debt i have.
Frank Wolter
Government Cheese to 144 doors, 4m. clear unleveraged properties
14 August 2018 | 19 replies
that's the way to own low value assets NO DEBT SMART good job !!!
Jesse C Vaughan
Reasonable Fees as LP
14 September 2018 | 1 reply
GPs are providing a personal guarantee on the debt.
Ash Townsend
10% increase so chronic late-paying renters will move California
12 August 2018 | 13 replies
Are they buried in debt?
Charlie MacPherson
Client needs a $10K loan to make $50K on his house-in bankruptcy
13 August 2018 | 2 replies
It is possible to take on new debt for limited purposes in bankruptcy, though there are more exceptions and potential snags to get into here that will be where your client's attorney comes in.
Tom Gillotti
Starting out with a plan
15 August 2018 | 1 reply
Also, I have very little capital at the moment but I anticipate being able to stash some cash away in the time that I'm researching (I have no debt other than the two houses I own; one is rented and I plan to rent the other when I move out of the US).
Stephen De George
Buying Condo as Primary Residence with plan to Rent Out
13 August 2018 | 2 replies
In regards to bullet above, when the bank looks at my Debt/Income Ratio will they be factoring in the rental income that I would be making on the condoI am questioning whether or not it is worth thinking about buying this condo under an LLC:Will buying under an LLC allow me to not show the debt in my personal balance sheet or does the debt flow through the LLC to my personal balance sheet?