Michael Moore
Closing residential property in a Trust
If you are closing on a property that you will reside in, can you close it in a Trust, or do you have to close it in your own name, and then later transfer it into a Trust? Can the lender object to you closing in a T...
Ronnie S.
What lenders lend on houses in an irrevocable trust?
HI Biggerpockets Team,Happy Thanksgiving!I have searched biggerpockets for info on getting a loan on a house in an irrevocable trust and found some info but needed to ask again.Here is my story....my grandmother had a...
Holly Buell
Purchase through a Trust
We are looking to set up all our assets into a Trust account including our current house hacking duplex. We are struggling to get lending because of our debt to income. Our lender suggested purchasing though a Trust. ...
Justin Summers
Death of grantor of Revocable trust and future taxation
My Mother passed this year and had all her real estate (8 rental properties netting about $100k per year) in a revocable trust I'm the trustee of the trust now. It's my understanding that the trust has automatically ...
Elliot Shoener
Tax Implications, with Trust owning LLC
I am purchasing multiple rental properties and will be registering each in an individual LLC. Those LLC will be owned by a Irrevocable Trust. From my understanding, the rental income etc. will pass-thru to the Trust...
Matthew Shay
Preforeclosure in NYC is under the Trustee's name
I am looking at a SFH that has lis pendens but the owner filed for bankruptcy and is doing jail time. The property in Manhattan was transferred from the owner to the irrevocable trust on behalf of the owner. There is ...
C L.
Colorado Amends Exemptions Under NMLS
Note this recent change in Colorado statute regarding seller financing and Loan Originator Licensing:
Exemption for Seller Financed Transactions Amended
"Colorado recently amended the exemption provisions under the ...
Jose De La Macorra
Interesting Situation. Comments are appreciated.
I have an interesting/very uncommon situation I would love to get some comments on what you all think. While looking for properties I found an elderly man who has no family left. He never got married or had kids. He c...
Peter Deising
Assuming Grandfathers mortgage
Hello everyone,My Grandfather owns a duplex living in one half. The house is in great shape as he refinanced 10 years ago and redid everything from new siding, roof, pretty much whole house make over.The home is wort...
Matthew Bernal
Trusts, LLCs, and AirBnBs
Hey BP Fam! I hope that everyone's 2024 is off to an outstanding start!I was fortunate enough to get a property under contract at a great price from mentors of mine. They had suggested using a trust to hold the asset ...