We are newbies to private lending. We gave an 'interest-only' promissory note to our borrower a few years ago. Now our borrower has refinanced through a mortgage company. The title company asked us for a payoff dema...
I am interested in purchasing a mobile home and then selling it and providing owner financing. How do you investors prepare your loan documents? Do you have an attorney or loan officer prepare them? Typically, how ...
After months of researching, I am ready to start investing in a Multifamily! Can someone please share the pros and cons of going to a bank vs a loan originator for a mortgage? I just started to discuss mortgages with ...
I recently formed a new LLC that will be involved in buy/sell, and buy/hold transactions. I read around online that stated I should go ahead and file form 2553 to be taxed as an S-Corp. I called a CPA for advice on it...
Good morning fellow members!I live in Indiana where the weathermen are predicting a blizzard (hopefully they are wrong as usual!). I was wanting to get your opinion on what a landlords responsibility is during a wint...
Are there wholesalers in Colorado offering detailed rehab quotes from GCs, scope of work, or detailed comps as part of their listings? Most of what I see are very basic rehab numbers and one or two comps. Obviously, n...
Hello BP forum,My short term rental property management company has started acquiring customers and we're looking for legal and accounting advice regarding asset liability and STR taxation laws as they would apply to ...
We live in a rural town that attracts a lot of groups who fish and hunt. The need has been brought forward that they would like "home cooked meals" and my mother happens to love cooking. The thought was to have it pre...
Hi there, first post here after reading the articles and forums for the last few years. Last year I acquired a multifamily property, so I'm currently searching for a CPA with experience with multifamily properties her...
I want to start a self directed 401k with the option to use the money I put in there to buy properties. However, it’s very difficult to find good information on providers and fees.What fees should I expect to pay and ...