Mike Shemp
LLC setup and Avoiding The Due on Sales Clause w/ land trust?
Hi All,I am looking for any thoughts or guidance on setting up an LLC. We have a rental property in North Carolina that has a mortgage. We would like to move it into an LLC. We spoke to one asset protection attorne...
Lis Faudale
Lending Solutions for a First Timer
Hello all! Thanks for taking a minute to read and hopefully help.My husband and I are trying to figure out a way we can finance a first time rental. We’ve found 2 or 3 that are definite options. One is actually locate...
Justin Campbell
Wholesaling vs Realtor “as is”
I recently have made my pitch to a motivated seller to wholesale her property. She was interested but had already set a date to meet with an agent. After keeping in contact I received a message from her stating… “I ha...
Gursel Demir
Buying a partial interest on an inherited house.
A brother and sister inherited a house and are in title as tenants in common. The brother, who lives in the house, wants to sell but the sister, who lives out of state, is refusing.
In the mean time,...
Ryan F.
Starting small -- or big (keep my rental or sell it)
This is my "dillema". Not really a dilemma, more just my thought pattern. I have 1 rental property, which I inherited. It is worth about $100k and has a $25k HELOC on it -- therefore, after closing and paying off the ...
Daria B.
1031ing into a property that needs some rehab
Hi
After finding this as one of the alternative 1031s on @Dave Foster pdf overview I am thinking it’s a strategy I can look to rather than finding a ready-2-rent property to buy.“Improvement Exchanges allow you to pu...
Maneesh Joshi
creating LLC for rental properties
Hello, I live in New York and I am looking to start buying rental properties in the Philly area. I am fairly new to all of this and I am trying to wrap my head around what the advantage/disadvantages of creating and...
Ken Hicks
Canceling a contract with listing agent?
I have a property listed with an agent. It's been on the market 5 months. I want to take it off the MLS and try to do a FSBO then in 4 months re list it. The agent told me to send a certified letter wanting to cancel ...
Alex Penalva
Appliances - Should I provide Or not?
I recently purchased a rental property in Missouri, a duplex and I am just curious if I have have to provide the tenants with any of the appliances ie. stove, refrigerator, etc.?
Eduardo Aguilo
RE investor friendly banks
Hello fellow BP members. I live in Houston, Texas and are getting ready to open a new business bank account for my newly formed LLC. Are wondering which banks may be more friendly and convenient to us real estate rent...