I am trying to understand how this deal could be structured. Assumptions: new LLC being formed in Texas to buy a multifamily with recourse financing. Three people/entities, one of the three is a SDIRA LLC. Capit...
I'm a buyer that was very excited to purchase a home. Long story short, and $100k+ worth of undisclosed issues later after inspection, I had to walk away as there was no way I could pay for all of it out of pocket. At...
My wife and I finally made the leap and closed escrow on our first STR home last Friday at 2:03pm, the Oak Fire started 7 minutes later, and (it appears) that the house burned down 24 hours later...we never got the ke...
LANDLORD NEWS ACROSS THE NATION
The City of Columbia, MO has just approved a new ordinance making the landlord at least partially responsible for enforcing city occupancy limit codes. Overcrowding can affect the ...
I'm not sure how to design this business partnership. Scenario: 2 deeded properties that abut one another that share a driveway with a 14 car parking lot (the parking lot is split in the middle, but the driveway is n...
Hello BP,I currently have a personal loan lined up with a trusted party. I've done a personal loan before and have a promissory note drawn out and agreed upon interest and repayment terms. The intent is that this loan...
First Time Brrrr. Duplex in a c + neighborhood . Bank needs 95 K for the building. Structure needs 70k for rehab. Ist floor is 2 bed W 2 bath master suite & (second unit floor 2 + 3)A Large 3 bed 1 bath. 1350/150...
I've never done a Sub-To deal before. Anything i should be looking out for when doing a subject-to deal? what are the main "gotcha" that I should be on the look out for?
So long story short, myself and another person co-own a property 50/50. We hold the property in our individual names. We have one property and after getting a rather large CPA bill ($1600+) for the 1065 Partnership ...
Hey there, friends. I am trying to fully understand what new regulations have been implemented in Texas for wholesaling, because I'm seeing discrepancies in what I'm reading and hearing. First, I was informed that who...