Joshua Springer
Any legal/financial reason to have mortgage under LLC
My first rental I put under an LLC with a partner, my second was conventional with my wife, the next one i'm working on with my LLC partner should be moving forward soon. I originally had anticipated putting the loan...
Joseph Taylor
Starting an LLC in Wyoming, While Investing in California
Hello All.I’m going to start an LLC to buy an investment property in San Diego,CA. I need an LLC for access to funding (hard money or otherwise?) and I’ve been told starting an LLC in Wyoming is beneficial. As state...
Demjan Van Der Kach
SAFE act / Dodd Frank, seller financing, "de minimis" exception
Hello everybody!
I would like to understand the "de minimis" exception in SAFE act and Dodd Frank.
My understanding I can do three residential transactions with seller carry backs (I am the seller) per year without g...
Matthew Haussmann
Foreclosure- Who takes the loss
I've been trying to find out who takes the loss on a foreclosure. Every answer I've found seems suspect. If anyone could help I would appreciate it. Here's the situation: I found a property that went to ...
Suhaib Rehman
Short Term rental and Use as second home in Florida
Good day everyone, I am interested in purchasing either a condo or a townhouse for short-term rental. I am also open to a longer rental as long as I could use this place for 1-2 months as a second home (summer or wint...
Tommy Brant
Underwriting for 3% insurance increase - is this a joke?
Hi BP family - hope you're well!Wanted to pose this as a question while also ranting a little bit.Curious to know if I'm the only one feeling strongly about this?Some Background:I'm very entrenched with multifamily sy...
Mary S.
Program/Software to Manage Portfolio of Assets- Help!
I have a portfolio of some commercial retail and multifamily assets. Some of them I manage and some of them I own with other partners who manage them.I would like to keep track of them in one location for ease and ove...
Alfred Green
Legal boundaries? Seeking private funding for tax lien properties
I found 2 different Craigslist ads recently proposing 20%-36% ROI, which are obviously tax lien properties in various states.
I've considered seeking private investors to fund this while making a small percen...
Jeremy Namen
Is a buyer that is named on the purchase agreement / sales contract to be the owner of the property when closed and titled?
Sounds like a moronic question but I have a deal in which my lender required myself and another one of their customers(former biz part) to form a sales contract on a property that i wanted personally. The sales contra...
Shane M
Buying a property with your LLC
Hey everyone, I'm curious what the actual process is for this. Do you go to the bank and get financing for your LLC (to purchase a property) and then sign a personal guarantee? Or can you get financing yourself and ju...