Kyle M.
Deal Found - Need Advice
So I have posted here before, but due to unforeseen circumstances my dive into real estate has been delayed. I am still a complete novice and looking to seal my first deal.
Currently am 25 who lives in an ap...
Erin Austin
Forming Business Entity - “Companies” vs “& Co.”
Hi fellow BP members,Thank you in advance to anyone who can take the time to answer:Besides the wording itself, is there a difference between “Companies” and “& Company”?
Jan B.
Have I been ripped off from wholesaler?
I just closed today on my first flip this morning and gave the closer a check for the full price of the property.County records reflect that the owner is Mr Tom Smith. He is in another city and left the property as i...
Michael Greer
Small loan = Higher closing costs?
Hello,I'm purchasing three 1b / 1b condos in a good area here in Ohio.I'm financing through a bank and received my final closing disclosures on one of the units.Purchase price is $40k. Loan is $32K.Closing costs are $...
Eric NA
Subject to questions
I have a few questions regarding subject to.
1. Once I have the deed, is the interest paid on the loan deductible for my LLC or is it deductible for the individual who still carries the loan in their name?
2. When...
Javier S.
non-bank owned homes in auction
Hi,I am fairly new to all this. I was looking at properties on auction.com and noticed that there were homes that were non-bank owned. So I am assuming these properties are not in distress (foreclosure, REO, short s...
Joseph Vu
HOA look up for Indy properties
Any tips on how to find an HOA company that is connected to a certain property? I am trying to purchase an out of state rental, but a lot of them have HOAs. I want to view their CC&R's to make sure they don't have...
Kevin Yoo
Using private money in California
I currently fund my California fix and flips with a mixture of Hard Money and Private Money. I create a promissory note for the PM and record it as a second lien against the property.
With the current requirement in...
Eric Percival
All Cash / No Inspection Period Multi-Family Offer?
Hi,I was researching a real estate company that posted an intern job as a Commercial Real Estate Acquisition trainee. Upon doing research on the company's website they have posted their most recent deals (1M-3M deals)...
Daniel Paloscio
Contracting a Property
Once I've negotiated a price on a piece of property, how do I work out the contract if I'm not paying in cash immediately? How much time do I typically have to find a buyer? Would I do a double closing in a situation...