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Land Trusts with LLCs??????
Just got done reading Wealth Protection Secrets by William Bronchick. The book came highly recommended by REI. Anyway, in the book the author recommends using a Land Trust in conjunction with a LLC. In essence the ...
Elisha Keller
NACA Mortgage
Has anyone worked with NACA before to get an OO mortgage. It looks awesome on paper; however, whenever something looks to good to be true I like to put the feelers out a bit. Below is the link to the website if that h...
Sterling Fields
To bookkeep or not to bookkeep?
Hello fellow BP members! Looking for a little advice..Little background: I am a financial analyst for a multifamily developer, so i understand real estate and all of the financials associated, but i am definitely not ...
Jon Klaus
Property management is too expensive
I have not outsourced my property management, but in listening to the experiences of others, I know of very few very few investors who are satisfied with the quality and value they are receiving.
On the other hand, m...
Tracy Z. Rewey
12 Days Of Note Investing - Day#2 Note Referral Fees
Let’s talk Note Investing! Most of us learn best through real deals. This is Day #2 of sharing a deal where we can review, dissect and analyze note buying strategies.In addition to making money investing in notes you...
Nia Baisden
Wholesale Proof of funds
Hi I have a off market deals where the seller is working with an agent. The property isn't listed and they're willing to sell to me. I'm trying to get it under contract but they're asking for proof of funds for the pu...
Minna Reid
Dumb question about carrying the second
Ok - I just dont get it...If a seller carries the second, does that mean he is actually taking out a mortgage for like 20% so that you pay only 80? Or that he's cashing out 20% and giving it to you, or what?
Is it som...
Alex Zweydoff
Market Shift: Are Short-Term Rentals Converting to Long-Term in Your Area?
Hello everyone,
I am a seasoned property manager in Central Florida. I’m currently observing an interesting trend in the Central Florida market where a noticeable number of short-term rentals are being converted into...
Joe Pearson
No Reserve + Need Tenant to Afford Mortgage = Too much risk?
So, I'm planning on purchasing a duplex or triplex within Manchester, NH, but my fiancee and I can only afford an FHA Loan 3.5% down and 4.85% interest, 30 yr mortgage, and that will leave us with practically no reser...
Marc Faulkner
Ethics of Park Owners Requiring First Right of Refusal?
We buy a lot of manufactured homes and have more demand for them then we can hope to fill this year. That is a good problem to have!!!
Unfortunately I have run into several occasions where the parks are cl...