Jon Loca
Minneapolis Lawyer familiar with elderly asset protection and RE
My father and I purchased a property 2 years ago cash. At the time of the purchase the property was deeded solely to his name. I would like to now transfer the deed to an LLC, in my name, while doing a cash out refina...
Ricky Stafford
What should I use as my cost basis? Inherited rental property...
Parents built a house in the 80s and just built as they went - no record of what they paid. Parents deeded over property my sister and I in 2013. I renovated and started renting out 33% of the house in 2014. I have th...
Jon Borowski
Have parents take home equity on their home to finance rentals?
Hi everyone. I'm thinking of approaching my parents with the following scenario. I have a feeling they would be okay with it due to my work ethic.I live in the NY Metro area and want to get into real estate investin...
Terry Sargent
Seller‘s Deed Not Properly Transferred
Hello,
I have a lead on an Indiana property that is well-under market value. However, I’ve run into an issue regarding the deed. To add context, here is the situation:
The seller was gifted the property in question,...
Luis Martinez
Tenant appreciation ideas
Any ideas for ways to show appretiation for a loyal tenant?
Steven O.
Help: Creative Owner-Financing Solutions Needed
Hi BP,The seller of our current home wants to sell it to us (he’s moved out of state and no longer wants to deal with responsibilities of being a landlord) and we’re looking for creative owner-financing deal structure...
James Bailey
New idea .. Do you think it can work? would love suggestions
Hi all, I'm up in Alberta, Canada and it gets pretty cold here in the winter. I have buy/holds and I do some flipping but the market really slows down in the winter and that's not a time that I want to try and flip a ...
Nick L.
Gift giving to an appraiser?
I just had a bank-ordered appraisal done as part of a refi. I was extremely happy with the results. The appraiser has valued some of my other properties in the past, and I've always been happy.I'd like to give him a g...
Jacob Class
Holiday Gift Baskets for tenants
My tenants are wonderful people and perfect tenants! I’d like to give them a little something to say thanks for being such great tenants/neighbors. Thoughts? Plus I can add it as a tax write off I’m pretty sure.
Ralph E.
What ways have you raise money for a FHA 3.5% down payment?
I was close to buying my first home, which included another rented home, on one legal lot, through an FHA secured, 3.5% down loan (at the ripe age of 45).The loan officer I was going through at first said I was eligib...