Hi everyone. I’m back again with another question in regards to a guru. I recently came across Spencer Vann and his class on surplus funds. I’ve tried looking up surplus funds and so far have gathered that it’s money ...
OK got some emails going back and fourth with a seller of a property (multi unit). He says the market value is between 185-210 from a tax assessement. I will copy what he replied to me now, but how do I go about sayi...
Years ago, I was at a CPA conference, and the lecturer finished 30 minutes early. Unheard of, I know, but it did happen. He asked us what we wanted to learn in the remaining 30 minutes. And 300 CPAs in the room almost...
I recently was told that I should place all of my properties in a holding LLC and manage them through my property management LLC. I don't quite understand the concept of holding LLC's though. Do I just put all of my p...
Hi, please explain the information at the end of the post to me as I cannot sleep thinking about it. My lender is not returning work for a few more days so I wanted to ask this group about seller concession on a conv...
Good Afternoon Local LA BP folks,
I know this has been a hot topic among the local LA investors and as a mortgage broker I was very curious on how ADUs are actually valued as I keep hearing different sides to this. I...
I market to the NOD list for my area and get calls from people asking me what my offer is to buy there house. They seem to be thinking in traditional terms about selling there home. They don't really know or underst...
Say I own a rental property appraised 110k
I owe 83k on it
if I refi the loan at 110k does that mean that the bank cuts me a check for 27k and I now have a mortgage for 110k and my payments would go up. ( i initially...
I believe I understand the method of the wrap mortgage. My question is does the Deed Of Trust get transferred to the end buyer at the time of sell or does it stay in my name until the loan is paid off? Here is my s...
Hi, my name is Jordan and I'm a wholesaler. Through my marketing i get alot of motivated sellers calling me with leads. What is the best way to explain what i do as a wholesaler to a motivated seller who dosen't know ...