We are purchasing our second investment property in Hawaii. Our first property in Hawaii is owned by "Property 1 LLC," which was formed in Hawaii. This is a multi-member LLC. We live in California, and self-managed th...

I am using private money for a purchase. The person lending me the money is a friend. The reason I am using his money short term is to get on the deed and own the property free and clear (on paper). After two years...

Hello everyone. I own 5 properties. One personal, 4 residential rentals. I do not have my properties in LLCs yet but went to speak to a real estate attorney today who suggested that I create a revocable trust and then...

Hello,

My co-worker brother and wife passed away in car accident leaving a baby behind. His brother had a trust which give one of the grandparent custodian to manage there boy assets until age of 18. They are wonderi...

Hey guys, how does taxing a trust works?
Lets say there is a paid off property in a trust that is worth 100K, and brings 1K per month per rent. So its about 12K per year in rent. But, lets say we spend 2 k per year i...

Hi Everyone,So my properties are in a trust. However, my insurance for these properties was under my name only. I just discovered recently that that is a HUGE mistake, being that if anything were to happen, my insuran...

Hi BP Community!Trying to do my first seller financing deal and the owner is open to the idea, but has 1 concern that I didn't have an answer for off hand. If I buy the property tomorrow, and the owner carries the mor...

Hello, looking for some solutions to a problem. My Mother has MS, which is the reason I moved my family to be close to her to help care for her. My Father passed away in 2003, so she is alone. The problem is that she ...

Hey BP,Do you know of any HELOC lenders that lend on investment properties? Preferably interest only and above 80% LTV. While the market is stalling a little my wife and I are considering the "Shred Method" to pay off...

When borrowers take out a loan for a property, they have to sign a promissory note--a document pledging to repay the loan. Depending on where the transaction takes place, this document could be either a mortgage note ...