Mike Flora
Title transfer/deed names
I have a seller that has a deed in her mom and dad's name, which have been dead for a very very long time. The will she has puts the house in her possesion and she has been living in it since their death. All cash dea...
Marcus Welson
Complex Exchange Scenario for Rookie Investor
Hello everyone.
First time poster.
General Background
Newbie investor
No credit available (poor credit and repo due to major health issue).
Multiple tax years of returns due (nominal to no income)
Unplanned ow...
Sri Voodi
Lien on property by an non-existent lender
Hi all,
Looking to buy a property in Charlotte. The seller is dead and the kids want to sell. But the title has a 2nd lien for 40K by a company that no more in business. Seller tried contacting the lender to pay of...
Account Closed
LLC Loans
Hi,This forum is such a great resource. I have a couple of properties in an LLC and paid for (no mortgage) I am looking to get mortgage on both of them so I can get some cash to reinvest.Everything I read says that ...
Account Closed
Buying property subject to a life estate
I've got a lead in front of me with almost every kind of estate complication. Property was transferred from Mother to Daughter in 2005, using a irrevocable life estate quit claim. Mother was given life estate, daugh...
Alexander Timberlake
Filing for Homestead of 1st property - Houston, TX
Hello,I recently bought my primary residence located in Houston, TX (Harris county) in February, 2016. I would like to claim this property as my homestead. I have learned that there are two main advantages:1. I can wr...
Jacob Elbe
Buying Property a Relative Below Market Value
So I have a situation I don't know how to handle or who to speak to about it, but since it has to do with real estate, I thought BP would be a good place to start!
Here's the situation:
My sister-in-law...
Handel Carter
Much needed analysis of possible first investment
Hello bp community. I'll get straight to the meat and potatoes.
Formed my holding company. For my first investment, I was hoping to quit claim, warranty deed or flat out buying a 3 unit property, from my mother, tha...
Dongzi Wu
Outstanding Real Estate Solutions Scam (ORES)
The original one was deleted, creating this new one. Please don't post content from paid website, otherwise will be deleted again.Thx
Evan Kelleher
opening an escrow account for a security deposit
Are you required to get a tenants W-9 form in order to open an escrow account, or is there an easier way to put it in to another type of account where you wouldn't have to do that?