Hi BP, Does anyone know or who work for the bank, say as loan officer or underwriter who form a legal entity for rental property? I heard it’s conflict of interest to buy home that the bank you work servicing the mort...
I’m wanting to move my properties into an LLC, but my properties still have mortgages with banks. What is the worlds advice on moving them over legally? Does everyone actually wait until the mortgage is paid off?
Hi All! I have a potential opportunity that I'd like to run past the brilliant minds of BP....I'm a sub to/wrap virgin, so be gentle.Seller is a friend and purchased this townhome direct from landlord in May of 2022 ...
How do I transfer my triplex into an LLC without triggering due on sale clause?
hey everyone,i am looking for a little bit of guidance on servicers. who would you guys recommend?also forced placed insurance, who do you guys recommend? thank you for any help in advance.
Hi All,
I just purchased a nonperforming note in 2nd position on a nice home in Los Angeles. The first is performing and listed with Chase. There is equity in the property even with both the first and my seco...
Hello!Just wanted to reach out to the community and see if anyone had sourced some or all of their down payment funds from cryptocurrency (bitcoin, ether, ltc). As you may know there has been an explosion in prices re...
Hey BP,
I have a property under contract for ~80K.
I have a family relative who is interested in a trust deed investment (1st position). However, I'm not sure how the taxes and interest payments would be calculat...
How can I find the bank who foreclosed on a property and secondly should I approach the bank for the property or wait till it reaches the court house steps?
Hey BP,
I'm running into some DTI Road blocks and am looking for some help. I was under the impression that if you buy a new rental and the debt service coverage is substantial enough, then the DTI is essentially a n...