Robert Timm
Mortgages through an LLC
Hey BP Community,I am looking to purchase a few properties in the 60-80K dollar range. After taking Brandon's 90 day challenge I kicked it into gear and set up my LLC and I'm ready to put down 20-25% on these properti...
Jay G.
Family (Uncle) wants to sell me their home
My uncle approached me to purchase his primary home....SUMMARY:Home might be FMV $430k+ if it were in good conditionHome needs some significant repairs (leaking roof, ground settling, cracks - 100 year old house) Only...
Trevor Levine
Can a WY LCC own a % of a CA property if it's a passive investor?
I own 20% of a CA investment property. I'm a T.I.C. partner and passive investor. Meaning, the 80% partner is doing everything from renovations and repairs to property management. I do nothing except receive quarterly...
James Smith
rent to own deposit money
For the first time in my life I have decided to do a lease option. I am the seller, and I am using a Realtor who has found me a suitable tenant-buyer. All parties have agreed upon an option deposit of $3,000. T...
Account Closed
is it worth having a lawyer look over my contracts?
i got the "purchase and sale contract " and the " agreement to assign" from the BP website.
are there any extra clauses i should add?
CONTRACT FOR THE PURCHASE & SALE OF
...
Tim S.
How does a Quitclaim deed affect the note?
If the owner of record Quitclaims the deed to another party, does the note need to be modified as well to reflect the new deed holder? I would think the answer is yes. I'm looking at buying a note where this is the ...
Julio Gonzalez
Multi-Family Properties and How to Maximize Returns
Passive Activity Loss Rules
If you are a real estate investor that doesn’t qualify for REPS status (discussed in #5 below), understanding the Passive Activity Loss rules is crucial. Passive activity losses are those ...
Wesley W.
The New Guy with LLC / financing questions
Greetings All!
I’m brand new to the forums as well as being brand new to the business. I’m really looking forward learning from the collective wisdom from the members of BiggerPockets; someday I hope to be able to p...
Michael Hayes
Code Violations (Memphis)
Hello All,Quick question for the Memphis and Shelby County Tennessee marketers if there are any that use the information. Does anyone know the steps for getting a list of code violations from the city? Supposedly al...
Bienes Raices
"Due on Sale" clause and interest rates?
I know that the consensus is that "due on sale" is almost never triggered in the real world.
However if someone locked in at a historically low interest rate today and then deeded the property to an LLC (or some oth...