Jeff Wallace
401k rollover to purchase rental property
4 November 2021 | 25 replies
Keep in mind that under the BORSA arrangement, your new 401K actually owns the C-corp because it holds all the shares of stock, which seems to me more vulnerable to lawsuts than operating as a LLC.
Sam Tright
First closing, what to expect
22 February 2023 | 4 replies
You should've already received the settlement statement (closing disclosure) and reviewed everything to make sure it looks right (you'd be surprised how many mistakes I've caught the day before and sometimes the day of closing) I dont think closing docs can be e-signed, you will need a mobile notary, but the title company should be arranging that for you.
Ryan McDannold
First Time Passive Investor in House Flip
9 January 2017 | 3 replies
A wealthy friend of the family has an arrangement where he has been a passive investor partnering with a contractor/flipper for a few years now.My friend provides all the cash to buy the house.
Naeem Kapasi
Partnership Contract Guidelines
11 July 2018 | 6 replies
Explore other arrangements before forming a business together.
Michael Morrongiello
Using WRAP (AITD) Type of Financing Arrangement
29 March 2023 | 2 replies
Situation:Have an elderly property owner who has owned their residence for 20+ years. Current value in the $600K to 650K range +/-They LIVE in the home. They have an existing 1st lien on it with a current balance of A...
Garratt Brannock
Question about Seller financing
30 March 2023 | 2 replies
@Garratt BrannockA bank isn’t involved in a seller-financed sale; the buyer and seller make the arrangements themselves.
John Matarazzo
Help on hiring a property manager
29 March 2023 | 10 replies
There is a cost for them to contact the service provider and arrange access with the tenant.
Evan Kraus
Checkbook IRA Representative
28 July 2014 | 16 replies
IRA's are Individual Retirement Arrangements, attached to only one social security number.
Trace P.
Grading to divert water from house
30 March 2023 | 8 replies
If not, arrange for an exterior walk with a contractor for "planning purposes only."
Michael Ramzy
Can someone takeover someone else's mortgage?
2 November 2015 | 19 replies
@Michael RamzyIn Canada, you will be running a high risk the lender will exercise their Due on Sale provisions if they get a whiff of a wrap/subject to arrangement.