Brett Goldsmith
1st DOT Note Purchase / Foreclosure / IRS tax Liens
Hey BP!I'm in the process of buying a 1st DOT on a property that has fire damage. The property is riddled with multiple liens and has 75,000 in back due property taxes. It also has some government tax liens ( IRS ) in...
Cameron Marmon
Multifamily deal with no tax returns
Hi all, I just got under contract on a multi family deal in Mobile, Alabama. This is out of state for me as I live in Texas. The contract is for 3 properties: one property contains 2 studio apts and 19 boarding rooms,...
Olena Kureshi
Subject To and Wraparound Mortgages
Hello everyone,Does anyone successfully invest with Subject To's and Wraparound Mortgages? Can't find legit information as for how to avoid Due-on-sale clause. I've heard about the option of creating Trust with the se...
Lynn Cornell
Dallas Rental Market
Hello everyone! I am thinking of selling my condo in the LA area and do a 1031 exchange. The condo has been rented out for 6 yrs now. I will probably net around $325K after all expenses and fees. I would like to reinv...
Account Closed
Wholesale Central Florida
Hello all!After marketing for sellers I have quite a few highly motivated sellers lined up in the Volusia and Orange county part of Central Florida. After speaking with my Attorney I am saddened by what she told me a...
Jason Boice
Refinance in an LLC or Personal Name?
We bought a 3 unit property at auction using private money in March. We made some repairs to the units and approached a few banks about refinancing. We were told we needed a 6 month to 1 year seasoning period, dependi...
Martin Fields
Transfer property to LLC
Hi everyone, I am getting ready to close on my first investment property and looking for some advice on how to transfer the property into an LLC. Since this is my first property, I will be getting a personal loan at 1...
Daniel Michael Phelps
Help! Difference between Quitclaim Deed & Special Warranty Deed
I'm currently in the process of purchasing my first foreclosure which happens to be a VA owned property. We are scheduled to close on this property on 1/12/21. Today I received an email from the escrow company that I...
Eric McCarty
Tenant wants to run daycare out of property
HelloI have a prospective tenant that wants to run a daycare/school type business out of one of my properties. I met them both today and they are very nice people and have done this before at a previous place. They’v...
Paul A.
Taxes not paid prior to purchase
Hello All,I purchased my first rental property last June. Taxes are due twice a year here, and I just found out that the taxes were not paid on this property that were due in April 14. This was before I closed on the ...