Gil Hartman
Custodians vs. Administrators vs. Facilitators?
Custodians are the first type of company, and are usually the most common. They’re either a bank, credit union, or non-bank custodian approved by the IRS (usually a broker dealer who obtains IRA approval). Custodia...
Jacob Cannon
How to price a commercial lot
Hi,I've come across an opportunity to purchase a commercial property in Carmel, Indiana that happens to have a sizable lot that can be subdivided. I've reached out to the city zoning commission and received initial a...
Herm M.
Buying a property with a county lien recorded against buyer...
Two buyers are on the purchase contract for a short sale.
The plan was to take title under solely buyer #1.
Because of the short sale approvals, title has to be taken by buyer #2 also.
Buyer #2 has a county lien re...
Connor Ryan
Obtaining private financing by setting up an LLC
I am a newbie investor and looking to start buying 1-4 unit properties using the Brrrr method. I'm aware that I don't necessarily need to set up an LLC, but I'm noticing a trend that it is becoming harder for individu...
Douglas Whetham
First small business loan questions
We have a warehouse that needs a few repairs. We own the building and property in full, and is appraised for $350,000. The property has been rented continually for 10 years, current rent is $1000 per month with $400 N...
Shane Woods
How do I approach seller/client's bank about short sale?
I have a listing that has been on the market for about 45 days now. 13 showings, no offers. We're overpriced. I know this. We're at the very bottom of what we can accept to make sure the bank loan gets paid off and...
Robert Deland
Improper zoning on Triplex with no legal nonconforming documentation
I am under contract for a Triplex in Tampa. It was built in 1980, and it is zoned RS-50 (single family residential). This is common in Tampa (and I think in other cities); however it does not have any paperwork sayi...
Frank Jennings
Couple Screening Requirements
What if you have a couple looking to rent and one of them meets your screening requirements but the other one doesn't? Do they both have to meet all the requirements? And specifically for income, do they?
Sean Lien
Darm style apartment laws?
Hi, I was looking to get some questions answered if at all possible. I am currently living in an apartment complex/house (not sure how to refer to it) that is situated like a dorm. There are 6 bedrooms, a living room,...
Stephon Conteh
Conventional Mortgage Loan
What’s everything I would need to get pre-approved for a conventional mortgage?