Hey folks! An older friend of mine would like to liquidate his four properties but he would like to avoid paying capital gains tax. I suggested that he and I form a LLC and slowly transfer his properties to our LLC. A...
In a recent thread, one member asked the other member the following:"I'm curious as to how you mitigate your risks? I totally understand using your own money has far less headaches than dealing with the banks or priv...
Hey BP friends,I'm looking for help with working out some of my notes, ideally starting as a vendor and as things move forward, we might discuss some other arrangements. Could you please spam me with a few names?Cheer...
I live in California, and bought a tax lien certificate (technically a Certificate of Purchase) on vacant commercial land in Arizona, sight unseen, at an online auction. It's 36 acres, assessed at about $100,000, and ...
Let’s say I find a property that’s just barely cash flow positive (I am in the SF Bay Area so its hard to find great +ve CF deals.. not impossible but difficult for new investor). One of my concerns is how to mitigate...
There is a property that we want to acquire. It has a Department of Revenue lien (on a junior position) that brings our cost of acquisition higher that we want to pay for the property. First position lien holder start...
Hello BP Members! I have a situation I am working through and was wondering if anyone had any advice to offer. I purchased a duplex w/ 2 large black olive trees. Under prior ownership, Hurricane Irma caused the tree t...
What are the biggest risks associated with fix and flip loans, and how do you mitigate them?
Hi BP! I have been doing some research on Loss Assessment Insurance for condos. I have a family member who owns a condo and has loss assessment insurance. He has gone through two large assessments (roof and flooding) ...
I am dealing with a listing agent locally that handles mostly short sales, one of her fees that is paid by the buyer is a $4k loss mitigation fee. I am still new to investing and even newer to dealing with short s...