Al Mcbee
Asking bank to ok a Sub2 deal or Lease Purchase?
I have a potential seller who wants out of their mortgage. I was trying to decide if it would be a good idea to get the banks approval for me to do a sub2 deal with the owner of the property? If I don't, I'm afraid on...
Michelle Kasper
Buy defaulted note instead of short sale?
Hi everyone, I have been focusing on flipping short sales for the past couple of years. I recently came across an investor that was buying the note instead of doing the short sale to get around seasoning issues. I j...
Bryan Hancock
Vacant Land Tax Deed Bid In Texas - What To Do About IRS and State Tax Liens Post Purchase
We have been negotiating with a seller for a piece of land we intend to develop (if purchased) in Texas for several weeks now and I don't think we'll get a contract. We are gearing up from a procedure standpoint to b...
Henry Le
How to switch utility bills over to tenants?
Hello BP community,I have a newbie question. Let's say you own a rental property. How do you go about arranging the electric, gas, water, and other utility bills to be paid by the tenants? Do you deactivate the ser...
Steve E.
Bidding on auction.com occupied property
Hello all,
I am watching this property and the status is occupied, the listing says do not disturb the tenant. Also no title insurance is offered at closing. It is a reo but then I did a title search by the last own...
Hoan Thai
Reducing total interest paid to your 30 year mortgage
I just got back from day 2 of the Rich Dad seminar taught by Elite Legacy Education. Our instructor Trevor Evans showed us what they call "Double Principal" payments. This is NOT the same as paying two mortgage paymen...
Michael Lauther
Purchasing an existing LLC in an IRA
we are currently discussing purchasing an existing LLC that has had an offer accepted on a REO.
we need to purchase the LLC because the contract is not assignable to my IRA.
...
Avvy Morales
Utilities: who is responsible based on the signed contract
Need help. This is what the contract says—
UTILITIES: Landlord shall not pay for any of the utilities and services and will be the responsibility of the tenant.
Temperatures this past winter caused the pipes to bur...
Barry H.
1031 exchange to fund down payment on development project
Would the capital gains from selling an investment property held in a particular LLC be eligible for a 1031 exchange fund if it is applied to a down payment on a commercial development owned by same LLC that broke ...
Brittany Bolling
Quitclaim Deeds
Just a quick question do cash buyers mind purchasing a house that is a quick claim deed? I have several but been having a little trouble getting them sold