Toure Lee
Buying Property in Probate
Originally posted by @Toure Lee:There's a seller whose properties never went through probate. Mom and dad passed away without a clear will and there are several siblings. The seller wants to dispose of the propertie...
Coty B Lunn
How to Buy an Investment Property
There are several ways to buy an investment property, each with its own advantages and considerations. Here are some common methods:
Traditional Purchase:Cash: Buying a property outright with cash provides a quick an...
David Orr
Solo 401k funds held at Wells Fargo... inactivity is a problem?
I have a solo 401(k) and the funds are held in a business checking account in the trust's name at Wells Fargo. Apparently Wells Fargo is the most popular bank to use for this. I just found out that if I don't make a...
John Wallace
Current DSCR rates? Who's got the best program?
Hi everyone. I'm hoping you can help me find some good DSCR lenders and give me an idea of the going rates? I was quoted 9.75% for a DSCR on a rental property recently. Is that average? High? Low?! As I am shopping, w...
Kenneth Garrett
Are You Nervous About Collecting Rent This Month
Last month (March) most people worked most of the month so when April 1st rent came due rent should have been collected for the most part. This month at least in my state people have been unemployed/furloughed for al...
Brian Wall
Best way to Legally Structure Deals?
From what I've read on the Biggerpockets Forums in the US section, an LLC is the most popular for the liability protection, and the tax structure, and has less accounting headaches than a C Corp. However....here in C...
Logan Macrae
New Orleans STR changes could lead to opportunities or headaches
New Orleans City Counsel is currently proposing banning short-term rentals in all residential areas of the city. This move comes after a federal judge placed a restraining order on the city's previous change to short-...
Arron Paulino
Starting my first LLC
I started my real estate investing journey during the pandemic and have not needed to use an LLC. I have been able to structure each rental property to where it is not necessary with the correct insurance and property...
Evan Schluederberg
What's up in Baltimore!?
I am considering purchasing my first property in Baltimore, a 2-3 unit, owner occupied house in Fed Hill. Looking to live there for a year and have the rental income help with the mortgage. Then get out and hopefully ...
Chris Martin
Anyone use tax credit partners?
Specifically, I'm looking at a setup very much like what is described in This IRS Publication In fact, this wording in the IRS publication is effectively (similar, but a little different)what we are planning to do: "...