Michael Kambic
Creating an entity to contribute to a 401(k)
Hello,I do real estate flips currently under my own name (I know lots of liability risk), but the up side is I pay capital gains tax at a lower rate then a pass through LLC.Can I create an LLC that has no income, so t...
Michael Hellman
Cost Basis after subdividing a property
Hello. I purchased a home in late 2007. I live in a small garage apartment for 4 years while renting out the main house. The property had a large double lot in a nice neighborhood, so in 2014 I subdivided the lot a...
Mitch Messer
Manhattan Rents Plunge While Vacancies Soar
Check out the following article (and watch the video): https://www.yahoo.com/finance/...They report some of the first hard data on the direct (and indirect) impact of COVID-19 on NYC real estate. Both residential and ...
Sarah Becker
TAX deed properties and HOA's in California & Washington
I have been searching for a definitive answer regarding the clearing of past due HOA liens and fees for tax deed/sale properties in California and Washington state. My question is: Are the HOA dues and leins cleared l...
Chris C.
Looking for Advice on Possible Exit Strategy
Hello and thank you in advance for taking the time to share your thoughts.Wanted to get the thoughts of this great community on selling a duplex I own. I no longer live in the city where it is located and have moved f...
Mark Schmidt
Private lending- single investor: legal issues?
Hi,
I have been following the BiggerPockets forum for months. It has been such a great resource!
My two partners and I recently caught interest of an investor (family friend) who may be willing to put up a significa...
Chuck Dreison
How often do you buy/sell debt with buyback options?
I’ve been chatting with a fund manager about our performing notes.
He asked a question I hadn’t heard before...Would we be willing to buy any loans back if the borrower goes 90 days delinquent?
Typically, when fun...
James McCray
Difference between lease option and owner financing.
Is it good to find free and clear properties too for lease options so the bank can't close on your note?
Nick Scalero
Here's how we should have spent the bailout money
Maybe I'm naive but here's how I think we should have spent the first bundle of bailout money.
1) Take a look at each loan in Foreclosure and see what could be done to get them out of that state. (buy down interest r...
Mariah Jeffery
Mechanics of seller financing
I'm about to make an offer on a multiple-property deal with seller financing and I have some questions. I assume if the deal gets accepted, I'll need to get a real estate lawyer but in the mean time, I'm thinking of t...