The situation is this: My Grandfather passed about 20 years ago and left his estate to 4 children, uncle1, uncle2, aunt and my fatherThere are multiple properties/parcels (6 total) in the estate that are co-owned by the 4 siblings, all 4 names on the deeds.Uncle1 defaulted on his personal mortgageLien holder(bank) repo’d his home but home was underwater, and thus still owed beyond the repo.Lien holder found out about the shared/partner assets that uncle1 had with siblings and decided to go after themI'm not clear on the exact process, but I believe the bank will take possession of uncle1 (1/4) share in the partnership properties then will legally force the 4 way partnership to be dissolved through a court proceeding.The other partners or another investor are able to buyout the bank owned (1/4) share at an appraisal price.The appraisal is filed with the court so there are no shenanigans with valuationIf no buyout then the whole property goes to sheriff saleTwo of the parcels are rental income farmland, these are the ones I'd be interested in investing inNobody in my family nor my grandfather are/were farmers, the acreage has always been rented outI’m trying to determine whether I can buy out Uncle's1 share from the lien holder bank at the appraisal price with an IRA LLC and become the 4th partner?

I’m going to keep this short and sweet, I’d be more than happy to talk with anyone on this topic, my cell number is in my BP profile. 

I’m going to keep this short and sweet, I’d be more than happy to talk with anyone on this topic, my cell number is in my BP profile.I’m currently a Captain in the US Army, and I have a knack and a love for commercial real estate analysis.

My name is Carmelo Rivera and I am currently looking to grow my knowledge base on real estate investing.

There is the DC REIA that is led by Sherman Ragland who is on Bigger pockets, do a search for their site (DCREIA); and there is a meetup group that meets monthly at the National Harbor led by Andre Johnson, look on meetup. com and search for "Deals Meetup" (the name of their group)

By making sure it is counted on your tax returned as distributed into your name, if it stays in the company the lender won't count it.

Will try and keep it short and sweet... looking for advice for anyone who can offer!

I don't think I could just close my LLC in NYS if I have a deed with that LLC's name on it, can I? 

Hello all,my name is Howard Green from Capital Heights,Md..My first post to the group,my goal is to acquire buy and hold properties in Baltimore,Md,as of today i have one Sub 30k property under contract that i hopefully can rent out Section 8,brand new rookie to the REI game any and all advice would be greatly appreciated,thanking you in advance.

My name is Leo and I just started with this new REI adventure last month.