Sanjay Patel
Foreclosing on a LLC borrower who has filed for bankruptcy?
The scenario is the following:as a private lender, I have a 1st lien on a property (in washington dc) to a borrower who is an LLC - and unable to make payments. I am going thru the non-judicial foreclosure process to...
Adrian Smude
Amortization schedule excel doc
I looked in the file place but could not find an excel doc that has an amortization schedule calculation where the info can be input such as # of months, rate, late fees, etc and each payment is put into the excel whi...
Edward L.
Gave parents gift, they used to payoff part of mortgage...
Hi all, I gave my parents a large gift that they used to make a principal payment on their mortgage. They are enjoying the reduced payment amounts but said they want me to be entitled to the amount I gave them (instea...
Sujith Kakulamarri
Bank did not renew insurance and property got on fire in Chicago
My rental property in Chicago was vacant and got on fire. I discovered that bank did not pay insurance premium from Escrow account. And insurance expired. They accepted the mistake. Bank and its adjuster convenient...
Michael Dunn
Taking the same " Losses " on your Rental every year ??
Good Evening,I am wondering if you can take the same " Losses " every tax year on each of your Rentals , as you took form the previous year ?I Have one rental, and for 2016 I took all of the Writeoffs/Losses that I co...
Jeremy Chapman
Lease options book by Wendy patton
Has anyone recently used these strategies/tips in this book? Do these tactics still prove successful today? Are these still legal practices?Investing in Real Estate With Lease Options and "Subject-To" Deals : Powerf...
Barcin Oguz Reynoldson
Expeditor and or architect Recomendation for converting SRO's to 1-2 family
Would really appreciate recommendations for an expeditor and or architect to file for converting an SRO building we just recently bought in Brooklyn to a 2 Family.
Thank you!
Barcin
Amit M.
California homestead exemptions- there are two types!
Hello. Does anyone (CA attorneys?) have experience with this topic?
There are two types of CA homestead exemptions. An automatic one that everyone gets just from buying property (and having it as their princ...
Alicia Arizpe
At what point in the process do title companies get involved?
When starting wholesaling I’ve noticed videos aren’t really clear about when exactly to get a title company involved. Should I have one before I even talk to a homeowner? Should it be before or after a contract is sig...
Doug Henderson
Tax advice for private money’s lenders
Borrowed private money to do several deals this year. Paid them all back their principal plus the agreed upon interest. For tax purposes what should I be doing to report. Do I need to issue them 1099’s showing the amo...