As Real Estate Investors, we face many issues and concerns when running and growing our businesses, not the least of which should be a good understanding of the Insurance Issues which affect us.I'm going to spend the ...
I just created an LLC and will transfer my current properties into them on the next refinance. I bought these properties in my own name. How would I do this in the future with new purchases via BRRRR? Would I buy the...
Hello,For a mortgage with a regional bank, can it be assumed by the buyer so that they can keep the lower interest rate (4.1%) instead of having to make a new mortgage at 6.5%?Thank you
Hi Experts,
We are three partners buying a piece of property by forming an LLC. We would like to sell the property down the lane and each of us would like to do a 1031 exchange on our own with the proceeds. We don'...
My wife and I and my parents set up an LLC for a house we purchased and rent out at the beach. We messed up and used it for more personal days than we should have this past year (won't make that mistake in 2011) so w...
I am the 2nd lien holder of a property that is about to go into foreclosure. I have been in touch with the 1st lien holder, and he expects to start the foreclosure process this month. Details below.1st Lien = $195,0...
Hello! I inherited a building from my late mother who had a tenant. That tenant is now gone thanks to COVID (they went out of business). I am trying to find a new tenant, and I am fielding questions regarding property...
A partner and I own a rental SFR as Joint Tennants with 50% ownership each. In the past we have split all income and expenses evenly and claimed them 50/50 on each years tax returns. We sold the property in 2017 and s...
Hello All -Put down EMD and entered into PSA. Sellers were highly motivated and had frequent and long time delays in providing documents. Couldn't complete due diligence and so requested extension, sellers agreed in...
Hey Everyone!
Happy new year!I was wondering if I were to purchase a property under my name at a conventional loan and maybe 6 months to a year from now I rent it out and were to purchase an umbrella policy, should I...