Ken Rishel
The Consumer Financial Protection Bureau Becomes the Big Dog
The Consumer Financial Protection Bureau ("CFPB"), through its sponsors in the Treasury Department, and the Conference of State Bank Supervisors ("CSBS") signed a memorandum of understanding ("MOU") relating to inform...
Brian Orr
How to protect my former primary as a rental?
I "house hacked" my primary home without really knowing what that was. We currently have a renter in there but the house is still in my personal name. I have separate LLC's for my rental properties and for some reason...
Varun Vemulapalli
Lenders and new LLC
Hello all,I am looking for a solution to a problem. I am Varun bought couple of long term rentals and two STRs last year on my personal names. This year me and my wife looking to close my primary home which 900k with ...
Chad Price
Looking for Real Estate Attorney
I am in search of a good real estate attorney in the Phoenix, AZ area. I am looking at purchasing a 2nd home for vacation/rental options and need to secure a good real estate attorney. Primary areas I am looking at ...
Billy Johnson
Tax Question about inherited property
My sisters and I inherited 34 acres in Florida when our mother passed. The property is in all three of our names. I placed a mobile home on the property as my primary residence about a year ago. I am currently thinkin...
Mushfiq S.
Need a lawyer in Florida
Looking for a lawyer that can look over a situation I am in as a second note holder in a property. Borrower has failed to keel his end of the deal by doing a fix & flip. Primary note holder wants to take over the ...
Karim Hafez
Exemptions on sale of a jointly owned/occupied primary residence
I have read through read Voss v. CIR, the memorandum for Inspections of Sections 469(g) and 121, scoured the web, and have attempted to find an attorney/CPA with no luck to help me answer a the question stated below:I...
David Innocenti
First House Hack
I own a single family home in the western suburbs of Chicago which is my primary residence. The home has a one bedroom 700+ sq. ft. in-law apartment in the basement which I've just remodeled. I have a tenant wanting...
Andy Wilson
Primary residence into investment property
Hi BP,I am moving and try to keep my primary home and rent it out. Can I transfer my primary home into my LLC as an investment property?
Curtis Mears
New Oct 1st Rules Regarding Private Lending?
I was in the process of lending my father in law some money so he could buy a new house (basically loaning him money until he sold his current house). I was going to put a lien on the existing house as is usual. He sp...