A friend who is not an investor is buying a house to live in. This is her first home purchase.She has had a less than stellar experience with her agent, her title company and her experience in general. At the last min...
I’m in escrow and today I almost got scammed out of 1 million dollars +.A scammer intercepted some emails and pretended to be the escrow officer from the title company. They sent me wiring instructions for over $1 mil...
Hi BP - need your help with this situation:
- Properties A and B: Both were held by three partners in our own names individually (never held in an LLC)
- Property C: The last property was held in Acme LLC with FOUR,...
I did it! I bought a duplex. I'm living in one unit. I'm renting the other. Now, I want to be proactive about the bookkeeping so that I don't have a nightmare at tax time. Here is what I want to know. I set up three n...
Wondering how people set up their bank accounts. My lawyer & accountant said to have separate accounts for each property and not to transfer to personal accounts. I'd like to follow profit first method of banking,...
Do you have to explicitly state the amount of assignment in the assignment contract.
OR
Can you phrase as so
"Assignment fee will be the difference between Assignor's contract and Assignee's purchase amount of $__...
My Situation: My father and I are in the process of purchasing a turnkey SFH rental property in New Jersey. We are splitting all costs and profits 50/50. Our intentions are to buy and hold the property long term and c...
Question about selling a business that is a single member LLC, has no debt other then a mortgage on a single home, and has secured a hard money loan via that same mortgage. The owner is dealing with personal issues a...
I have a property that is a 'short sale' which I am interested in purchasing.The bank just accepted my full cash offer and I have a few questions as this is my first purchase. After requesting the HUD, I see that the ...
Hello everyone,
My Canadian company owns a residential property in California and I want to sell it to my own personal name as I am closing my company.I don't know which professional to consult to help me do the tran...