David Siegel
Selling the business vs selling a property
Hey all I have one LLC that owns one SFR that has been an STR for 6 years. We want to sell. I found a RE I really like. My friend who is half owner of the LLC says he wants to investigate selling the LLC instead of ju...
Antonino McInnis
Seller Financing in NY
Hello. I am looking to purchase a home in Bayville, NY. The home owner agreed to sell me the house for $600,000 via owner financing. The problem is that he owes $550,000 on his mortgage. How does this work? Any feedba...
Ram Peruml
Asset Protection, Financial and Tax Guidance
Hello,I own 2 rental properties in Northern Virginia. Our house hold income is above 295K. I would like to get guidance to protect these assets and future rental properties (buy and hold) as well as get a break from t...
Timothy Winfield
Is adjudicated worth it?
Hello BP Baton Rouge community
I recently just won the bid on a piece of adjudicated property in Baton Rouge. The property ended up on the sheriffs sale list because the current owner of the property did not pay...
Michael Spindler
Can somebody please explain how a turn key works?
Still in the initial stages of reading/soaking up information on real estate investing. What exactly is a turn key? Do you recommend them as a beginner?
Willow Baum
What Precautions Can a Landlord Take to Protect Themselves against the instance a Tenant-occupied Property Becomes Uninhabitable Due to a Costly Repair that Far Outpaces Annual Rental Income?
Let's say a sewer system for a single-family, low-income rental house in an economically depressed area of NY State, dies. Let's say the hypothetical repair costs $20,000, and monthly rents are $750. Let's say, for c...
Keith Schulz
Renting Back To People In Foreclosure.
I had somebody that called me today who is in foreclosure, and there's no way they can get caught up on payments. They tried a loan modification and a refinance, and couldn't get either. In any case, they owe $170,0...
Eric Anderson
Subject-to property purchase
Hello all! It's a long read and I appreciate your feedback. I'm looking at doing a subject-to transaction, me, as the buyer. I've got a verbal agreement for these terms: purchase property for $230,000, 0% down, 20...
Ibrahim Hughes
Question About IRS Liens
Hi All:
I'm working with a seller where all 3 liens are showing up under the same serial # and recorded doc (Notice of Federal Tax Lien recorded with the county).
2 of them have passed the 10 year refiling date so t...
Marco Petit
Buying a house in probate
I found a house that an heir is really motivated to sell, but is in probate. I think I've heard that houses often can get sold before the probate is over. How do I go about this deal? His family also owns houses in ot...