Chris Bauer
Leveraging Equity from a Condo
We have a paid off condo in Florida which was purchased in an LLC. Looking to leverage some equity with a HELOC or a home equity loan but having a difficult time finding a lender to do this. Any suggestions?
Jim Robertson
1 person (of 4) leaving the lease
I have a house being rented out to 4 individuals. All 4 are on the lease. 1 of the individuals is leaving town and asking for documentation that they are no longer held to the lease. I'm fine with letting this individ...
John Hauser
1031 question
Hey Everyone (and Bill Exeter!). Have a question about selling a rental property currently owned by me and two partners. Right now me and one of the other partners wants to buy a new rental property, and the othe...
Ricky Brown
Is a 1031 my next move?
I just wanted to get a general consensus on what my next move should be. I have a rental property (still financed as a primary residential) that is on the market for sale. From research, I see that 1031 is a way to de...
Isaak Brown
Move out post escrow agreement?
I'm closing on a property with one remaining tenant who agreed to move out 30 days close of escrow with the seller.
What's the best way to secure this in writing? As far as I can tell, intent to vacate holds no lega...
Bradley Smotherman
Buying equity in commercial strips....common?
I am a residential flipper so it isn't uncommon to pick up property at 60% of value due to people going through life changes....such as divorce, inheritance, job changes etc.I have an interest in smaller commercial st...
Bryan Sowieja
Foreclosure when Personal Mortgage and S corp title
I am hoping a tax pro can help with the proper reporting of this foreclosure scenario.
I purchased a duplex and owner occ in 2005 and held title as a single man.
In 2010 I quit claimed title in to an LL...
Brian G.
Does a widow owe money from a sale to pay debt owed by spouse?
If a person is on title jointly with a spouse and their spouse dies, can the surviving spouse keep half of the equity after the property is sold if the deceased spouse owes more money than the equity remaining after a...
Samuel S.
Recourse vs. Nonrecourse
So say the only asset my LLC owns is just a single property, which was paid for in cash worth 100k. So I have 100% equity in the eyes of the lender. When I go to do a cash out refi for my next investment property, w...
Danny Webber
IMF "Bretton Woods Moment"
I don't see any way this bodes well for the U.S. DollarThoughts?https://www.imf.org/en/News/Articles/2020/10/15/sp101520-a-new-bretton-woods-moment