I am looking into buying a retail business that my friend will run and manage. I will do virtually nothing in the business but maybe some paperwork like tax prep. I want to run it as an S Corp and am wondering if the...
One of my family members house haves gone back into foreclosure for the 2nd time . The first time I suggested to file for bankruptcy to stop the foreclosure and it stop it and I got her a lawyer to handle the repayme...
I am interested in hearing opinions (not legal advice of course) if you have the time to respond. If I purchase a rental in my name, keep the loan for it personally, and deed the property to my LLC does that make it e...
Hi BP members,I'm wondering if anyone can provide some real world practical advice on the pros and cons of registering my LLC in Wyoming (for charging order protection) versus registering my LLC in Michigan (my home s...
I have a lead on a potential deal where the owner-occupier has a balloon mortgage set to burst in the next few months. I dont know the current rate or the balloon rate. Essentially, the owner has an imperfect cred...
I believe MLS access is typically for a particular market (or is it whole state?) It happens all too often where a mobile home park is put on the MLS. Usually when they make it on there , they are misplaced themselv...
I'm renting out a room in a 2 bed/1 bath apartment. An applicant makes 10x income over rent (after monthly debt payment) but has had Eviction Filed, Bankruptcy and a couple of Collections. The person was upfront about...
Just wanted to share my perspective as to why we are focusing our efforts on Class B Industrial Real Estate. For those that don't know, class B properties are generally older and have some degree of wear and tear, but...
Hi I had a problem tenant that didn't pay us rent. We were going to file for an eviction and that made her leave thankfully so we didn't have to formally go through the court etc. Initially my Property manager told me...