After reading lots on this forum, I realize that I do not need to create an LLC but an S-Corp for purpose of (personal liability protection only) . Since the taxing will pass through to my personal income thus the sa...

Well, this note biz always has a new twist thanks to the feds. We just got this email from our servicer in regards to a loan that we purchased which is a fully amortized, owner occupied, 30 year P&I note at 12% co...

My dad and I have partnered up to invest in real estate. His credit is lousy but his house is paid off. My credit is good. Can he just give me his house, and later on I utilize the equity and my credit score for a refi?

I have been working with an "experienced investor" stating he needed 200K before year end to "start the new year off right". The borrower was kind enough to provide me "comps" showing a value of over 200K for one of h...

I am a commercial property manager/contractor. As many of you may know in commercial real estate prospective tenants almost always need a renovation. I was wondering who normally pays for the reno and who deals with a...

I'm looking for recommendations for a background/credit check website for tenant screenings, where I would be the one to pay for it, so it can be free to the tenants. Is it possible to check their background for all t...

When obtaining an interest only commercial real estate loan, why are there penalties associated with paying the debt off early? What are the pros and cons of both sides and why would anyone do it ? Or not do it for th...

This seems to be one of the more confusing topics I've come across. I have bought some REO properties in the past (I'm 2 years in the RE game). I've made some decent money from REOs but I'm considering buying properti...

Hi BP,
I'm an investor from Chicago looking to potentially purchase my first property using an FHA loan. If I went this route I would rent out all of the units from day one (i understand that this is only permitted a...

Hi, I want to thank you for taking the time to read this. Call me insane but I wanted to take a stab at doing my own taxes and see if I can make my way through. However my biggest fear is that I leave a significant ch...