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 ...
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...
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...
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...
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.
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...
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...
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...
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...
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...