I hold several re-performing 2nds in my IRA which are serviced by FCI. This morning I got an email that a borrower that was modified ~2 years ago and has been paying since then on time ect, filed Ch7 on 12/23. I'm loo...

Hello,My wife and I have saved up about $70,000 for the explicit purpose of investing in some local real estate.  We want to buy and hold, but that strategy can be adjusted should we find a more efficient means of inv...

Hi BP Members! I'm on the way to getting my first MFR (fingers crossed) and am currently starting attorney review. I was wondering how can I start running things like a business without an LLC? I understand that accor...

Hi all!!!So I will try to capture all the essential details while being brief as possible.  A recent situation/opportunity has presented itself to my family in the past 10 days.  That research has brought me here, to ...

Hello everyone. Has anyone bought a property with their Self Directed IRA, using private financing?
If so, where did you get the actual note? To clarify, I have the funding lined up but realize that I must obtain a N...

My wife and I are going to turn our primary residence into a rental. We are planning to manage it ourselves.We would live close by.I am currently reading and watching everything I can about landlording. Any advice or ...

The lender is escrowing for insurance. I talked to my own insurance agent, and he told me that even if I add myself as an additional insured I still wouldn't have liability coverage.

I have the property in my pers...

Background:  I own one rental property.  My current house I will, once I find my next home, rent.  The house, current house I want to rent, has 90% equity.Question:  Can I sell the house to a LLC, my LLC that I will c...

Quick question: So all I hear is about renting out properties you have a loan on. Now I just got my first mortgage at 2.25% and if I wanted to rent it out what is the process? Should I put it in a trust? May my con...

I heard that if a person puts their primary residence in a trust and sells it for a gain, that said gain is taxable.
We all know if a person owns & occupies (qualifies) for the 250/500k tax free gain on the sale ...