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Results (642)
Josue De La Torre Can I owner finance a home that is not free and clear?
31 July 2019 | 4 replies

There is a home that has 3 payments due on their mortgage of 950 and is backed about 3k on taxes. The owner owes 95k.
The home is 2,100 sq ft and needs little to no remodeling. The seller just wants out of the house ...

Angela Meraklis-Lyons Land Trust and LLC for management?
13 February 2021 | 3 replies

I've heard multiple opinions on this matter, so which way do I go? I believe it was the podcast with Scott Smith (I could be wrong) who suggested naming an LLC the beneficiary of a trust. He was talking about revocabl...

Philip Benavente 1031 into STR or invest in S&P500 from assets in IRR for elderly parents
13 March 2024 | 19 replies

Hello all,I'll try and keep it short. I have been managing my parents properties ever since they couldn't manage them themselves. They are at the point that they need to move into and pay for their ALF. It's very expe...

Lyle Levine Trust vs. LLC
5 June 2023 | 4 replies

Hi All,I currently own one condo in an apartment building, with the plan to add more properties soon.  How do you all protect yourselves from potential lawsuits?  Do you put your properties in a trust?  LLC?  Somethin...

Seyi A. Anonymous Trust vs WY LLC as Holding Company for Anonymity
30 May 2019 | 2 replies

Hi BP fam,Could someone outline for me what the pros and cons are of using an anonymous trust as a holding company for long-term buy & holds/rentals vs a WY LLC (with a nominee manager) ?  Thanks in advance.

Michael G. Sell Entity to avoid The buyer agrees not to sell the property within 90 days of closing of this sale.”
23 February 2011 | 1 reply

I'm looking for a prudent strategy to manage a clause ( the buyer agrees not to sell the property within 90 days of closing of this sale.) that the lender insists must be in the purchase contract of a short sale prope...

Griffin Schermer Accounting and multiple LLC's
25 March 2021 | 1 reply

My partner and I have a total of 3 rental properties and are looking to add more to our portfolio. We are concerned that with every new LLC we set up for each property we will have to set up a different set of account...

Rich Hupper Trusts Marriage Death and Divorce
8 June 2016 | 4 replies

Hello BP FriendsI need help understanding claims to ownership in the following scenario.My father created an irrevocable trust and placed his rental property into it back in 1998. Where he acted as the trustee and his...

Josh Anderson Corporation getting out of a hard money loan.
12 March 2016 | 3 replies

So, I live in Alabama, own and run a medium size rehab/remodel company. Found a house that is good pickings for a flip. Purchase price is 47k with around 25k of rehab. Using a hard money lender with 20% down. 12% inte...

George Post SFR in Irrevocable Trust - Renting Out- CPA/Attorney Insight Need
29 September 2019 | 3 replies

Hi There!My family has a 3/1 that is owned out right free and clear in Massachusetts. It is currently owned in an irrevocable trust, with my mother inlaw and aunt inlaw as trustees and beneficiaries (I presume this th...