Cheryl Branche
Taking over payments
It used to be that you could take over seller’s payments as part of selling/purchasing strategy. Then the practice was banned. What is the status of the practice now?Can wholesalers, cash purchasers purchase properti...
Weikang Chen
Leaking oil tank
Hi everyone,Couple of years ago, I was under short sale contract to buy my neighbor's house. I walked away from that deal because the inspection found a leaking underground oil tank. Now this house is in foreclosure...
Fred Dollen
Potential tenant wants to use use adult child as lease holder
Hi all,
I'm renting out a SFH, where I'm specifying that tenant monthly income must be 3x the rent. I've showed the house to a nice older couple, no pets, but the 'gotcha' is that the husband is out of a job...
Isrrael Mendoza
New Home Construction Check list
Hello All, A friend of mine recently purchased some land. Since purchasing the land he’s been contemplating the idea of constructing a home. He’s asked me for help on his hoke construction journey since I’m a recently...
Daryl Davis
Lender sues to void estate’s release of interest
Dad died intestate in 2014. As his sole heir, I was appointed administrator of his estate.
Dad had a mortgage on his house. He was a Korean War vet and was using VA loans to cash out equity. There was not enough mone...
Jeremy Anan
100% Membership Interests in the Company vs Straight Sale
Hello BP,I am currently in negotiations with a broker on a multifamily property. Instead of a straight sale, the owner is rather selling 100% membership interests in the company whose sole asset is the property. I obv...
Pablo Chusan
North Riverside Investment!
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $225,000
Cash invested: $30,000
Cute brick house with lots of potential! Got it as an estate sale and all the work ...
Adam S.
REO in Joint Jurisdiction
I am an investor interesting in Purchasing an Maryland REO that is being marketed through an online auction company in Maryland. The property is unusual because it's divided between two different counties. It has t...
Avi Garg
Need CPA advice: Register OH LLC in WI or WI LLC in OH
Planning to buy a few properties in OH. My commercial lender is based in WI and I am based in CA. I have to pay CA fees and register in either case so no issues here. However, because my lender is based in WI, I have ...
Account Closed
LLC paper work
So what is the best way in you opinion to set up an LLC? Just file the paper or more in dept? I'm just curious to hear what people have to say