Andrew Scott
Lease option - taxes and seller's risks
I've been trying to sell a house for a few months, and haven't had any luck yet. I'm offering owner financing, but nobody has any money for a downpayment. Last night, a prospective tenant/buyer offered me an entici...
Terri Austin
Private Lending Business
I am interested in becoming a private money lender. Whom might someone like me contact in order to get an initial start-up loan/funding? Some people have told me that you need to use your own money, however I just wa...
Nathan Rude
Use a car loan for down payment
I have the opportunity to acquire a vehicle at an incredible discount. The purchase price would be 2750 and the retail value would be 8300. A local bank has run the numbers and I can put a car loan on the vehicle for ...
Timothy Metra
Will multiple LLC's protect me if the worst comes?
This may seem like a new question, but I couldn't find a specific answer on older posts. Sorry if I missed it.Anyways, if I have 3 separate LLC's and one fails, will the other 2 be protected?Example:LLC 1: Worth $45,0...
Angelo Van
Applying and judging the 1% rule
So i've heard many people talk about the 1% rule. The rule states that the monthly rent should be around 1% of the purchase price. Now I want to say I do understand this is a rule of thumb and I do understand it's no...
Jacquelyn Ceasor
Interested in finding out if any BP members deal with this
Hi All,I have heard about foreign investors, investing in real estate here in the states.Does anyone have any experience with this?Thank you,Jackie
Rousner E.
I want to get into marijuana
Good evening, I have been looking around at pieces of land in West Tennessee but I am now thinking I should expand into any of the 50 states. I want to buy a parcel of land and lease it out to a company to grow pot/we...
Sheryl Griffin
Business checking account
So what is the correct terminology when opening a business checking account when asked what I do? When I answered "Real Estate Investments", it raised a red flag, and it goes to the Legal Dept. for review. I never h...
Mike Rodrigues
Is this sketchy?
I am ready to purchase my first investment property and I talk to the mortgage broker at the office I am working with. I tell him I have 12k for a down payment, but my parents want to get involved for 35k also. He t...
Account Closed
Sold a house, but can't cash the check from title company
Hi everyone,My friend, who lives overseas, sold his house in Kansas City and the title company wrote him a check. My friend does not have a bank account in the States (and is unable to open one since he is not a resid...