Brendan Murphy
Should I create an LLC to handle my seller finance deals?
I wanted to get the opinion of some of my BP family. I currently have a portfolio of rental properties and I have negotiated the sale of one using owner financing. I currently hold these homes under an LLC. Since I am...
Casanova Brooks
What are your thoughts on this
Hey all! I'm looking at getting my first investment property in the 30 days or so. I can get a line of credit to start somewhere between 27-30k my private banker told me. Just wondering what your thoughts on this is? ...
Alida Rwabalinda
Can I buy a rental with a relative through a self-directed IRA?
Hello everyone!I have been consuming all the great info from biggerpockets for 18months now but this is my very first post and I am excited to get insights, suggestions and particularly legal advice for my situation.I...
Uwe K.
Umbrella insurance in Wisconsin
Does anybody here have a private umbrella insurance in WI? Looking for particular input how the following transition happened for you. This is not directly related to REI, but like I, many may have an umbrella policy ...
Nick Thompson
Tax Sale in Ontario, Canada
Does anybody have any experience or knowledge buying tax sale properties in Ontario? The system seems like it is set up as silent auction. All prospective buyers submit their bids in private and once the auction is ...
Max Biggar
Sell or rent in Jacksonville fl
What up BP! I just bought a vacant lot and am building a house which I will be moving into in 4 months. Need to decide to either sell my current home and use the equity to purchase other rentals or keep it as a rental...
Patrick Britton
RCW 61.34 and similar acts in Oregon, Nevada and California
As all wholesalers in the state of Washington know or should know, RCW 61.34 is the Distressed Homeowners Conveyance Act. In short, this act basically forbids wholesalers to deal with owner occupied properties. Whil...
Account Closed
Broker went behind my back.. What do I do?
So I have a listing agreement that started in December of 2014 - May 16, 2015. The listing expired, and I recently just found out that the property went into escrow the end of April, and will be closing next week. Fro...
Matt Berklacy
Where is open door making$ in this, and how different than I?
Exactly where does opendoor make money in this scenario and how much? (and Where is open door different than I as investor, licensed realtor, marketing for seller for cash as-is offer, and can resell my own listing......
Kathryn K.
Declaring Insolvency to IRS
If someone is insolvent at the time of a shortsale and is issued a 1099 for forgiven debt, does filing insolvency with the IRS affect a person's credit? Does the IRS report to the credit bureaus? It would seem that i...