Jessica Kirkpatrick
Buying foreclosed homes in bulk & verification of ownership
I’m an agent and was approached to list a house purchased by someone that does the above. I asked for proof of ownership since it still shows in banks name. They provided contract and copy of wire transfer and said th...
Joshua McMillion
Looking for a CPA in the Huntsville are
BiggerPockets Family,
I am looking for a CPA that can grow with my family. If you know a qualified person, please let me know. They must have experience with real estate and military tax strategies and preferably in...
Ryan Bird
Due on sale - no more an issue?
I wanted to buy a property through a newly-formed LLC so was planning to take the commercial mortgage route. My mortgage broker told me that a conventional loan is another option as due on sale is no more an issue as ...
David Dripps
Get property out of a dissolved LLC
I hired a company to perform a reverse 1031 and purchased a property in a Florida LLC they provided. They sent me instructions to transfer ownership, but voluntarily dissolved the LLC before the state of FL processed ...
Nicholas Weckstein
approved for loan but closing costs outrageous
so i'm approved by wells fargo for 145,000 with 25% down. my rate is 4.875%. buying in the scranton PA area. paying no points. and here's the kicker which i feel is insane...$10,059.86 for closing costs and prepaids ?...
Nathan Shankles
Can an LLC get a traditional 30 year mortgage like an individual?
To potential partners approached me about joining them and establishing an LLC to Byam whole rental properties. My question about buying and holding properties in LLC is can we get a traditional 30 year mortgage in an...
Johnny George
First REI property not under an LLC, what do you suggest?
My business partner and I are in escrow on our first investment property, in Pittsburgh. It's a single family home that we're gonna do long term rentals on. We close in about a week, but our biggest mistake was not ...
Alan Rohrer
Due on sale - no longer an issue after new Fannie Mae guidance?
I saw recently that Fannie Mae released new guidance on the due-on-sale clause where they are no longer enforcing when someone transfers ownership to an LLC owned by themselves.The quote and link below:"A limited liab...
Jeremy Taylor
Buying a REO from a wholesaler
I’m purchasing a REO investment property from a wholesaler. The contract is not assignable and he is suggesting we do a quit claim deed at closing. Is anyone out there familiar with this process that would be willing ...
Aaron Deja
Seller Finance Advice
Hello everyone! I am looking to purchase a multifamily property by the end of this year via creative finance (AKA - seller finance, subto, PM) pending situation. I have personally been involved in flips, SFR, and synd...