Aaron Mikottis
Fair way to structure split ownership on a no-money deal?
Hi BP. Tomorrow I am closing on my second no money deal! This was one of those "I found a good deal, now I need to find money" deals, proving the old adage right that if the property is good, the finances will follow,...
Wendy Lacey
How to Title my first investment property?
I am under contract for my first investment property. The property is in Florida. I have created and LLC but as it is brand new I can not establish a loan under the LLC and have to take out a personal loan. What is th...
Sean Dezoysa
Don't know how much consideration to pay at the time of signing with the seller--can I attach it later via addendum?
Hi;
I have a question about how to write the option consideration in a lease/option---->assignment deal.
1) Since the amount of consideration I plan to put down depends on the amount I can collect from a buyer....
Sean Salandy
Using property's selling agent to increase odds of offer approval
Just wondering. Would it increase your odds of having your offer accepted in a "lightly" competitive negotiation if you decide to contact and have the selling agent represent you directly? This wouldn't work in all s...
Jeff Meachen
Lender May Have Jumped On Our Deal
We are not 100% sure on this speculation but are thinking one of our potential lenders jumped on our good deal. This week we made an offer on our first investment property. It is a foreclosure and has been on the ma...
Josh Tonnesen
Second Opinion
Hello,I am looking to close on my first investment property within the next few weeks. It is a foreclosed property, with some needed repairs. I have already walked through the house twice, and one with a family memb...
Chris Igard
Wrap around mortgage with acceleration clause called
I have a home in Dallas with a wrap attached to it. The buyers have been in the home for 2.5 years now. They have made 2 attempts to get financing but have not been able to do so. The home sold for 400k then but is wo...
Andrew Thomas Vedder
[Texas] Can I live in a 5 unit commercial MFH?
Hello all. I've come across a 5 unit 1 bed 1 bath property that is commercially zoned. I spoke to lenders to try to acquire a loan on it but they said I cannot purchase a 5 unit+ and live in it as my primary residence...
Jason Dillard
Non-recourse Debt and Tax Shelter
I have a new CPA that is struggling to allow me to use the tax shelter from owning properties that have "Unqualified" debt. Maybe a partner signed for the bank debt or I took a property subject to that disqualified ...
Denise Holder
Challenge: re-imagining family legacy into wise investment
Fourth generation property Erie county PA. Want to keep in family, but do so wisely. $220K asking I qualify 200K. Plan to rent to nephew at (?) 1200/ mo. Basement can be studio (?) 500/mo. The house and land on two ...