Mike Percy
GA RE attorney says land trusts not legal; use living trust + LLC
Hi BPers (and, I hope, helpful lawyers),I have read online that one can secure traditional financing while getting asset protection by getting a traditional residential mortgage in one's own name, putting the title in...
Macarena Korth
First Mobile Home Park and Now we are in trouble w/ city (Help)
My partners and I bought back in Dec 2020 a 9 unit Mobile Home Park in Heflin AL. We are from Texas and this was our first time buying out of state. We called the city to ask questions about selling with financing and...
Account Closed
Tax implications of investing in a syndicated deal
I just read this great article by @David Thompson, and want to check my understanding of taxes for limited partners in real estate syndication.- Income distributions are taxed at ordinary income rates, but there may b...
Mark Hu
Brokers says he cannot arrange a direct 1031 exchange?
We've been talking to some brokers about a 1031 exhange. They explained to us that it is almost impossible to arrange a direct property to property exchange, that we would have to sell and buy within the allotted time...
Oscar Padilla
Financing deals in the 70-80k, range.
Hello, I am an out of state investor from California looking at the Ohio Market, I was wondering what would be best practices to get financing for deals less than 70k, banks and lenders I have contacted have mentioned...
Sophia Berry
How much to charge Builder if they go past deadline date
Hello all,
I bought 3 lots in a subdivision and will be finishing up on the 1st house. Before starting the 2nd I wanted to put into the contract a clause that indicates a daily fee if they go past the due date. Does...
Marcus Gaethke
Tenant violating lease but pays rent on time (Kenosha, WI)
Hello all - Thanks in advance,I have a tenant that moved in in September and I made the rookie mistake of looking past some red flags that occurred right before move in (I know, foolish). Now this tenant is allowing ...
Nathan Wiebe
Canadian Financing Through a US Resident
Have any Canadian investors tried to get a US mortgage through using friends in the US? If so, what was the process like and how did you go about it?
N/A N/A
Can you change the form of deed
I purchased a home from HSBC that was foreclosed on. They conveyed it to me with a "Special Warranty Deed" which is bascially a 'Quitclaim with Covenant' Deed.
Where I live, almost everyone is taught never to buy a ...
Robert Mack
Hello from North NJ
I recently graduated from Rutgers University and am trying to learn as much about real estate as I can. I am working in the real estate industry in NYC currently but hope to eventually go out on my own and invest in ...