Frank Portillo
How an investment property be repositioned as an owner occupied?
In obtaining a contract... in many markets a Cash Offer is needed to be accepted just to get an Owner Occupied home. How would an investment asset be repositioned to an Owner Occupied Single Family residence?
Nathaniel Epps
FHA Assumable Loan Success
Hi everyone, this is my first post, so if I'm asking this question in the wrong area, my early apologies. I'm looking to purchase my first property, and I've been searching for properties with FHA Assumable loans. I d...
N/A N/A
Is This Typical of Rehab Financing?
I thought I had done all of my homework - the works: Months of research, an LLC set up, attorney, mortgage broker, accountant etc... etc... I have excellent credit (788). My personal residence currently has right at 2...
David Avetisyan
Recommendations: CA Broker Exam Class
Looking for recommendations on which online portal I should use to take the broker exam classes to qualify sitting in for the exam. Quality, simplicity and user friendly is what I’m seeking.
Also, what’s the best pr...
Eric Guasch
Florida Mortage Servicer License - Net Worth Requirement
Hello All-I am interested in applying for the Florida Mortgage Servicer License. According to statute 494.00721, the company must maintain a net worth requirement of $250k in order to originate and service the debt on...
Heath Neely
Credit Union offers loans for LLC, but must personally guarantee
So I before I started shopping for my first property, I called the mortgage broker that I used the last time I purchased a house. I decided that the rates and closing costs he quoted seemed reasonable for a 30 year te...
Amanda Sutherlin
Seller lives in Canada, selling home in FL. How much Cap gains?
Home owner lives in Canada and is selling a vacation home in FL. How much capital gains tax will she be hit with if any?
Farid Muhammad
What's the best way to transfer a commercial asset to my business
What's the best way to transfer a commercial asset from my personal name into a C-Corp? For taxes reasons it has to be done to satisfy a ROBS transaction. I need two properties or business to satisfy the ROBS requir...
Avrom W. Smith
Using a Virtual Address to run your business remotely
Hey BP,
Currently, I'm living "Down Under" and continue to run my business remotely. Lately, I've been looking into a virtual address for my business? (My current business address is registered under a relative. As ...
Manas M.
Setting up an opportunity zone fund
I found several posts about QOZF on BP but don't have a satisfactory answer to this question yet. I know a turnkey property that is doing some new construction in an OZ. I am pretty sure they must be using some of OZ ...