Jim Bentley
SDIRA/LLC prohibited transactions
Thanks for the info provided to my previous questions; it's been a big help. I have a couple more questions about self-directed IRA/LLCs.
- It looks like my wife's parents are not defined as disqualified persons; s...
James Smith
Inherited two properties
Hello community, I have recently inherited two properties with challenges. The first home has no mortgage or lien, but has late property tax of about 1,700. The other home has a mortgage of 18,000 remaining and lat...
Scott R.
Put a property in an LLC- trigger mortgage co??
Father passed and left me properties- two of which were bought as a second home. I'll be renting/managing these as vacation rentals. As I now need to move these out of his name I'd like to put them in an LLC, but my ...
Nicholas McDowell
Can it be done? -- Finance Two Separate Homes on One Property
My wife and I have been approached about a property for sale that isn't on the market yet. It is located in North Carolina. The property contains two separate structures (Single Family Homes). One is the "primary hous...
Chris Nelson
Buying Investment Property with Family
Hello all,Newbie here. My brother, father, and I are all interested in real estate investing. Ideally, we would all purchase an investment property together. However, it seems that even though we'd all be 33% owners w...
Adam M.
Duplex and Land Deal Help
This one is rather complicated, but I'm looking to acquire a duplex from my Father-In-Law. He owns the duplex free and clear and holds title. He wants to roll those proceeds into a piece of land.
Where it gets compl...
Zach S.
Contractor Charging Liability Costs Twice?
Hello all,This is my first time posting here. I've been a realtor for five years and just recently got into flipping. I'm in the middle of renovation of my first project. The contractor I'm using came as a somewhat tr...
Raymond Lei
Thoughts on purchasing my parent's reverse mortgage home
Hi guys,Wanted to get your opinion on a situation that I am in. My parents (father) took out a reverse mortgage approximately 5 years ago and have accrued about $160k in total. The net worth of the house is worth $275...
KENDRA J.
unauthorized person taken over residency in rental condo
I have a sticky situation that i need help with. We own a condo in Minnesota that we rented out to a man 5 years ago. He is on a month to month lease. He is married and used this to stay at during the week while he is...
Craig Davis
Out of state property - next steps?
I just inherited my fathers property in a small town in South Carolina. Court order received in mail. Does anyone have advice of what next steps would be? Also should I rent or sell.