Jesse Burns
Division of Assets During a Divorce
Hello, I have 6 rental properties under an LLC that is equally owned by me and my soon to be ex wife. We are going through a contentious divorce and I would like to buy her out, but apparently thats not very easy.If w...
Ray Hurteau
Help needed with COMPLEX deal involving 3+ parties (lease option & private money)
Hello BP Forum... My partner and I have a potential deal and it's not straightforward... we've never done a lease option, but we're not about to let a little complexity discourage us from this deal.
What will discour...
Al Al
Issue with property manager and an out of state rental property
All
I have a property manager that is taking care of my old home in Atlanta GA. The process as it stands is that he is the single point of contact for the rental property between me and the tenants and they send a ch...
Luis Rosario
It's time for the second deal!
Hello BP Family,Looking for your insight:My first deal in 2014 is a 2 unit owner-occupied property that I converted to a legal triplex. It has taught and (still is) teaching me about the complexities involved. This is...
Ian Dalebroux
Future investor seeking guidance
Hello everyone,
Quick background on me, I grew up around real estate and have always had a special love for the business as a whole. I graduated a year ago, and have since locked down a corporate job and have again s...
Bret Blackburn
Closing on rental #3
We are in the process of closing on our 3rd rental in the Fort Worth area. The market is crazy and it's been a little frustrating. After losing out on deal after deal to cash buyers, we finally got it done. The ho...
Stephen McKnew Colonna
Bank Hunting When You Are Already Loaded (a manner of speaking)
Everyone has to start somewhere--thankfully, this is the place to which we were lead to find enduring freedom and sustainable wealth. My partner and I want to break the paycheck-to-paycheck cycle, renting ourselves o...
Michael Arreola
CPA vs Enrolled agent
Hello bp!
So I just finished doing my taxes with my tax man that has been doing them for the past 5+ years. I am currently a w2 employee and have very minimal income coming in through a house hack. I started going t...
Dennis Simonson
FHA restriction a blessing or curse?
Amateur investor here. First post. I own four townhomes in a 44-unit townhome complex. Am considering purchasing another soon. I am aware of FHA issue when 10% or more of units are owned by the same entity, an LLC in ...
Dan Krause
"Take posession prior to closing and use rental payments as down payment"..?
To take posession prior to a closing and use the rental payments (on a multi-family) as the down payment.. this would probably not work if there was a real estae agent involved would it? For it to be doable it would h...