Bikram Sodhi
Looking into HUD foreclosure
I am looking into buying a HUD foreclosure as owner occupied but am not sure if I want to live in it long term or even even short term. How strict/serious is if I don’t end up living in it and start renting it out?I’m...
Brice Aldrich
Asset Protection in an LLC
I have an LLC formed for asset protection. I am leveraging my business off of private loans from a third party. I have made a commitment to these private lenders that if the business defaults on a property, or does no...
Justin Miles
Grandma on Medicare RE in trust?
So my grandma has a condo in a living trust and can’t have more than 2000 in her checking account for Medicaid qualification. She has a maintenance agreement with a tenant that is getting extremely reduced rent to kee...
Bryan Hancock
"Bring To Date" Termination and Reconveyance Agreement
So I am working a deal where the lender didn't give sufficient notice at auction at the beginning of the month this month. The buyer at the auction signed a Termination and Reconveyance Agreement when we threatened a...
Chris C.
Vacant Land Loan to Pay off Seller Financed Building Note
2 years ago my partner and I acquired a 9,000 sqft, two story building, zone for industrial, commercial and residential use. The building is currently vacant and has been for 5 years. We owe about $230K on the note....
Martin Cozzi
Loan options for secondary house.
Hi,I am under contract for a secondary residence and have been given the current options:4.625% .5% discount point. Lender fees are $995 commitment fee (underwriting), $895 processing, $500 appraisal.4.75% no points. ...
Andre Clemons
Lease Renewal Grace Period
I've been trying to find information about this and need a little guidance. I am leasing to a party of 4 individuals and their lease renewal window is approaching. Some of the original tenants will not be a part of th...
Cormac Terry
Cormac Terry
Hi, I'm Cormac,
Don't own any real estate at present - just looking at my options. This site was referenced in an audio interview I was listening to with a successful rehabber (20 properties in 2012) - so her...
Ryan Ellis
In search of examples of private lending loan paperwork.
Getting ready to borrow money from a private lender. Private lender wants me to draw the paperwork up and send to him. Does anyone have a good example of what to use? 20k loan on a 26k rental property.Thank you!Ryan
Becky Samuel
Investor agent question
Hi, would love your input on finding a real estate agent. I recently met a local investor agent whose agency seems to have a lot of off market deals to offer, and overall seems like a great agent. The agent does wan...