Kevin T.
Verifying Lenders
Hi everyone,I am in the process of purchasing a multimillion dollar apartment complex with the assistance of accounting and legal professionals to review the financials and the property. I received an offer for 100% f...
Marc M.
LLC's and 2nd Position Mortgages against Senior Position
If I personally own a property (I'm on title and I have a conventional mortgage), can I use an LLC that I own to give me a second mortgage against some of the equity in the property?And then....if the senior position ...
Alex Aguilar
Las Vegas- Do you need to add and/or assigns in contact
I am confused on what I need to sign over my rights to buy the property. I’ve heard mixed things from all over. When signing the purchase sale agreement sent by a real estate agent. Do I need to add and/or assigns? Is...
Jamie Powers
New property with existing tenants .. how do I transfer the lease
I am purchasing a condo in San Diego county that has existing tenants. They are about six months into a two year lease. What is the correct process for transferring the lease? i.e. Do I need to draw up a new lease bet...
Bram Spiero
Taxable income and expenses
Listening to the latest podcast with Natali Morris got me confused about what is considered taxable income from real estate and how the legal entity influences this.She claimed that if I hold an investment property in...
Jared Siddle
Tenants won't leave property following sale
Hi there,
My friend recently purchased a property in Los Angeles which had tenants (one family of 7) who were due to leave but are refusing to go. I suggested offering cash for keys, are there any other strategies fo...
Michael Prakash
Real Estate Trust
One of my client's spouse has lost the real estate trust document of a inherited property and the spouse is now diseased before the property was transferred to the diseased spouse, how do we find a copy of the trust d...
Suhail Shakir
Insurance for LLC
Hi All,My partner and I have created a construction LLC that has general liability insurance. We subcontract all our work out on our residential and commercial jobs. We have also created an investment LLC that will ...
Jay Cho
Is a Broker's License Needed?
HiI am interested in investing in a property (located in New Jersey) with a few other investors. We will be creating a new LLC that will own/invest in the property. I will also be creating a property management compan...
Lynell Sonoda
Made a Rookie Mistake
Hi BP, I submitted an offer on a 3/2 home with a 1/1 ADU attached which was accepted. I'm getting cold feet after reading the city's ordinances. I can still cancel the deal and will lose $250, which is better than th...