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So I was talking with my mentor about acquiring a property to boost my networth. So he proposed an idea I've not heard before which was raising capital from investors and having your investors be treated as 2nd positi...
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Hello BP,I am currently in negotiations with a broker on a multifamily property. Instead of a straight sale, the owner is rather selling 100% membership interests in the company whose sole asset is the property. I obv...
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I have a mortgage on another investors property. In exchange I have a mortgage note and receive 25% of net earnings. How do I list this for taxes? Schedule B for mortgage income or earned income?
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How are you guys handling the ins. on a Sub2 with your end Buyer when seller Financing the deal so my Seller's lender doesn't raise any red flags, questions or even call the Due on Sale Clause?
LSouza
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Had someone contact me about a few liens she owns. Would like info on the foreclosure process, timing and general info.Pretty sure you could, but could you mark up the liens and sell them off?Thanks!
I bought a property with a Tenant already in the property. Tenant has a Pit Bull on property. My Insurance policy for the property was recently cancelled because of 'dangerous animal' on property.I already made the Te...
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Hello BP,I am looking at a property on auction.com that has an abstract of judgement listed on the title information given. This property is an REO and the AJ is from what seems to be a plumbing company. If I purchase...
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I have the money ready to go using a HELOC with a primary house and bank #1 but I also have my LLC for running the rental property business/deeding properties into it once I have them with another bank account I'll ca...
I'm looking to set up an LLC myself on the internet to save money, what site is user friendly?
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Hi all,
I am looking for insight into a situation where I have an older family member who has been renting for more than ten years in a home that is going on the market to be sold. She received a 60-day notice to ter...