Jonathan Spaeth
What happens when buying a note in bankruptcy?
What generally happens when buying a note in bankruptcy? Do you, as the new note owner, still have rights to collect on the debt? Does the property usually get foreclosed on?
Brandon Butler
1st Deal
So I think I have my first deal and wanted to get BP's input on the deal. The ARV us 141,000, I plan to purchase at 70,000, the owner kept up with the house as it was a section 8 rental, so I don't anticipate to much ...
David Vaughn
crowd funding? Private Reit?
Has anyone used crowd funding or perhaps a private equity reit to fund a deal in the 2 million dollar range and if so how did you set it up and make it attractive to investors while keeping it profitable on the back e...
Jennifer W.
Crowdfunding, syndication or simply a loan?
I have been presented with my first deal from a trusted source to be a private investor. The primary investor plans to buy several houses in an up and coming market - Buy, Rehab, Rent, Repeat - buy more - etc for thre...
Colin M.
Self Directed IRA as well as Employer 401K
Hi there, I currently hold a 401k through my employer which i contribute to weekly. Im looking to do a couple things here:-1. I already max out this 401K every year but want to put away MORE pre-tax dollars, can i set...
Robert Gavlas
Minimum down payment
Would it be reasonable to get a loan for 5% down for a rental property? Here is an example:Foreclosed PropertyProperty valued in the $150-160k rangeAsking price is $99,900If I only put down 5% the LTV would still be l...
Tyler Neison
Converting STR to LTR complications after cost seg
Hello, While I am in the process of finding a new CPA thought I would pose this question here and hope someone has been in the situation in the past. I am planning to buy another SFH property this year to run as a STR...
Nitin Mahajan
Any suggestions on opening LLC - attorney or legalzoom?
I am planning to open LLC before making next real estate purchase. Is it good to use attorney or simple enough to use Legalzoom or similar service?
Maria Regis
What to do with inherited land in 29 Palms
My husband I are about to inherit just under 10 acres of undeveloped land, 6 minutes from downtown 29 Palms. It is zoned for single family residential and my understanding is that it has city water. We have a few long...
Sandra Regnell
Solo 401k Advice Requested
Hi I am setting up an LLC and transitioning over from W2 employment. I have a company 401k and an IRA. I set up a Merrill Edge 401k which looks to be really expensive and not what I need. I set up a ubiquity solok but...