In that instance, any rent that was due prior to the filing of the bankruptcy petition is put into the tenant’s bankruptcy plan and is treated as a secured claim to be paid at 100%.

Not sure if this is the right forum to post this, I came up with this plan, which, I am sure, many of you have used already, so can not claim it as creative, but like to get your opinion on pros and cons of this concept.I was looking at hardmoney loans, so if I borrow 100K at 10%, I pay $1000 a month, $6000 for 6 months, so If I can buy, and fix a property say in 150K neighborhood for 100k, put it out for rent, refinance at it's comp of 150K, so, at 75% of 150k, for $112,500,(after closing may be around 105K), pay off the hard money, so pretty much at a price of the closing cost, I can get an investment property.Please let me know if you see anything wrong in this process.

I asked the owner to file a claim with his insurance company during our option period and he refused.

You can qualify either by meeting a set of standard requirements (the “safe harbor” provisions) or by showing enough facts and circumstances to validate your claim.

Same as buying your own home, you wouldn't be required to run it through your broker unless you're representing yourself as a buyers agent and want to claim the buy side commission on a listing.

You can go to the owner and try and offer some cash for them to sign over the title to you, you can use a service like Tax TItle Services, or you can have an attorney walk through the Quit Claim Deed process.  

Once you complete the course they claim to assist in finding deals before they hit the MLS.  

@Linda Weygant is correct from all information I have been able to glean from Lawyers, CPAs and reading through a tedious amount of law.Keep in mind, I'm not a lawyer and do not reside in your state but as long as each LLC is completely separate (organization, accounts, accounting, etc.) there is no way California can stake claims on a California LLC operating as a foreign entity.

Lawyer claims that it take him generally 3 months to get owner occupants out.

Hi All,My CPA is questioning whether a Management Fee that I am claiming deduction on is appropriate if I am not acquiring these services from someone else.