Chris Bruce
Probate Best Lead Source
25 September 2024 | 96 replies
Some states require a long formal court process, during which time the person in charge (executor or administrator, aka personal representative) may have certain interim powers to sell real estate before distributing to heirs or beneficiaries.Other States make it possible to get a single court order distributing real estate to heirs or beneficiaries without the need of the lengthy interim (formal) probate.Still other States permit a really informal, simplified method of transferring real estate from a deceased person to their heirs without court involvement.Hence, you you've got to know the State, the basics rules for that State and what's required to purchase in order to know when the sweet spot to market to a probate seller is.
Phil Petite
Anyone Use BoltDeals to Pull in Leads?
19 September 2024 | 10 replies
It seems like a great platform (they call the sellers and vet the leads for you, then transfer the call so that you can try to work on acquiring the property).
Poonam Barad
Anyone done mentorship bootcamp offered by Richard Garcia? Any reviews/feedback?
16 September 2024 | 35 replies
Most of the content he has posted on IG recently is asset protection and international trusts (trust in the Cook Islands), international bank accounts (in Dubai), etc with videos of his family traveling in different countries.For someone who owns multi-millions in real estate, that makes sense but for 98% of the investors on here, especially new investors, it makes no sense to pay $20,000+ to establish international trusts, holding companies and LLCs for asset protection (from lawsuits) and a tax shelter.
Thomas Austell
Is this a good deal?
18 September 2024 | 4 replies
How would a variable purchase price work if you’re transferring ownership at closing as a sub-to?
Mark F.
What kind of instrument do I need?
17 September 2024 | 4 replies
What I'm trying to figure out: Is there something that is a legally binding document that the corporation and I could enter into that would show that the property is a corporate asset without being on title and allow me to circumvent title challenge Ive just encountered on transfering the title to the corporation.
Sara Valentine
Damage exceeds damage deposit. What is my recourse?
17 September 2024 | 9 replies
The second step is to put them into our internal collections dept.
Troy Reed
Banks willing to work with Series LLC
17 September 2024 | 11 replies
Sounds like an internal policy decision that you will never win, regardless of any reasonably prudent measures you take.
Marijuana (MP) Vandyck
Can anyone confirm is capital gains taxes will be waived in SDIRA Property Divorce?
16 September 2024 | 8 replies
With that.....QST: Because this is a divorce situation, can this be done without tax implications in this case just like any other IRA transfers in a divorce situation?
Ramon Pena Alvarado
REO wholesaling
20 September 2024 | 31 replies
For the use of my funds, I charge you 2.5 points which amounts to $3125 plus a small administration fee of $495 to cover my wire transfer costs, document review and preperation costs, attorney fees, etc.The B-C transaction closes and on the same day, so does your A-B transaction.
Marc Shin
looking at a Subject To deal in Texas
16 September 2024 | 5 replies
**Due-on-Sale Clause**: The existing lender could call the loan due when the property transfers ownership, though this isn’t common if payments are made on time.2.