There's a property I'm interested in where the seller is VERY motivated to sell because she is in jeopardy of a tax foreclosure this coming March. Anyways, she's willing to finance a note for me, with great terms; ho...
Hi everybody!I need help. Here’s the scoop:I want to buy a house from my uncle. He owns a house in California. He bought it with cash and will sell it to me for 260,000. I trust him and I don’t care to pay extra for i...
Does anyone have any advice on how to turn their primary residence into a rental when upgrading to a new home? I want to keep my first house as a rental but transfer the title to an LLC. I understand that will activ...
Hello BP,I'm a wholesaler in NC and have a deal that I want to do a double closing on without bringing any money to closing. I spoke to one attorney that said that's not possible in a Dry state but I know this happens...
I wonder if you can answer this question for me- if I use my house to secure a loan for a second property, how long does my first property have to stay as a lien (I think that’s what it would be called right?)? I want...
In South Florida my wife owns a Townhouse in a small HOA 4 units. Names are changed for privacy.Wife owns unit oneFish owns units two and threeGold's estate owns unit fourMy understanding is over a year ago Gold passe...
I have a few rental properties in Seattle city limits. Used conventional loan to finance the mortgage. All are individual condo units. Lender does not allow me to transfer to an LLC (which can trigger "due on sale" cl...
I’m assuming you can only have 1 second home loan at a time? I wanted to see what the frequency you could get the Fannie/Freddie second home/vacation loans with 10% down.
I was under the impression that if you buy a property at a tax sale the only liens that survive are the government liens. These would be IRS, Dept of Revenue, etc.. All mortgages, HOA, 2nd lien holders, would be wiped...
Hello,If I gift a house, what amount will go towards the lifetime gift limit, the amount i purchased the house for, or the current FMV?It is my understanding that the new owner will have the house at the cost basis of...