Jeff Fairchild
Direct mail response rates vs # times mailed
If a person sends out 1,000 mailers per month for 6 months and they are expecting a 3% average return, is that 3% each time they send out a mailer or 3% overall for the 6 months?So is that 30 calls over 6 months or 30...
Account Closed
Short Sale Investing in States with Anti-Short Sale Laws
Hi Everyone,
I live in Oregon and we're one of 14 states that has foreclosure consultancy laws. I've been told by my title company that I can't perform investor short sale transactions due to these laws.
Verbiage i...
Michael Ndjondo makadi
Can a rental be run as an LLC without transferring ownership?
Several questions to CPA, lawyers or just those who might have better knowledge. For perspective, the property is located in San Diego, CA where I live also. 1. I was told and read that the property MUST be owned by t...
Lance Marshall
REFI will I need to "Re-do" the quitclaim to LLC?
When I originally purchased a rental home, I quitclaimed it to my LLC. I have subsequently refinanced in my name. The point of the LLC to some extent was protection. Do I quitclaim back into the original LLC or cre...
Billy Chu
San Antonio Title Company
Hi everyone! wondering much importance I should place on selecting a title company as a buyer for multifamily properties. I've heard that some can be more friendly than others in allowing transfer of title into an LL...
Daniel Orlowski
Wholesalers in CT - Where did you go???
I am an active real estate flipper and investor in CT and since Covid-19 my wholesalers and subsequently off-market deals are drying up. I typically get 4-5 off-market deals per week to analyze and that has dropped to...
Grant Delmonte
Question about FHA loans
Hi BP members,
I’m just starting out and had a question about FHA loans. I’ve been reading about how some investors fund their properties on FHA loans and live there for a year before converting it to a rental. Does...
Siobhan Brosnan
Wholesale Land for Development
Hey guys! Working with a seller as a wholesaler, and I'm looking to make an offer on his property and subsequently shop it to developers. It consists of the following:Existing building with 4, One bed apartments and ...
Jake Anderton
Sec 179 and Rental Propertiez
I am looking to get a vehicle dedicated to my rental business. In exploring the section 179 option for a 6,000lb vehicle, this would be what I need in a pickup. What is the reasoning behind people waiting until Dec to...
Amia Acosta
The perfect assignment contract
How would you draw up a flawless legal assignment contract? Also do I need to have a lawyer draw the contract?