Brock Lile
Can we buy a rental property via FHA through my wife?
Hello everyone.My wife and I were talking last night and she actually brought up an idea I didn't have an answer to. I'm sure someone here knows.I bought my current residence in '08 via an FHA loan. I recently got mar...
Bryan Cohen
Can someone educate me on quick deed claims?
My brother and I are purchasing a 4 single family homes package deal and one of the properties we can only get a quick deed claim. Are we making a mistake of going forward with this package deal. Are there any negativ...
Justin Hennig
Are their long term loans available for companies (15-30yr)
Just getting my REI business launched and one of the goals is to acquire Buy/Hold property under our LLC (We want the property deeds under our LLC name for personal asset protection)
We have sources of short ...
Mack Bailey
Why is a subject to deal a viable option?
As I understand it a subject to is when you take the place of the original owner in a property. Money is made when you buy a house not when you sell it so how is this beneficial? Are you paying less for the equity the...
Geoffrey Bissen
Best option out of Corporation/LLC/Inc. ?
I am looking at beginning my Real Estate investing journey in approximately 3 months (can’t start now due to a military PCS coming up) and I want to make sure I have all the proper groundwork laid so I can hit the gro...
Ibrahim Hughes
What Personal Responsibilities Do Legal Reps (i.e. Executors/Administrators) of an Estate Have?
I have the question out to my attorney but figured I'd see if I can get a general preview of his answer here. I'm curious about the following:
Can creditors keep contacting/harassing the Rep about debts owed by the ...
Jeremy D.
How does one actually become a private lender?
I know most people who get into private lending usually start by lending to friends or family or someone in their trusted network. Is it really as simple as that? Just draw up a promissory note, register it with count...
Mark Kovacs
Cleveland and Chicago - Would love feedback
I’m 39 and have about 20k saved excluding my 401k. My salary is over 100k per year. I have a rental in Cleveland, Ohio I started renting 10 years ago when I moved to Chicago. I’ve had the same tenants in the house for...
Kent Renshaw
Besides filing a Memorandum of Agreement, how does a contract buyer protect contract seller from mortgaging the property. And if they do, who is first in line?
Scenario: Contract buyer and seller enter into a Contract for Deed. Buyer immediately files Memo of Agreement in the situs county. All goes well for two years and Seller applies for loan. Mortgage Lender realiz...
Account Closed
Buyer Not Making Payments on a Seller Financed House
I bought a property in IL few months ago which I sold it to another buyer on seller financing (AKA Contract for Deed).The seller is going through some sort of financial issues and is not able to make this months mortg...