Mark Burik
I can claim almost no income but will I be able to get a loan?
Hey Everybody!I've been wrestling with this question for a bit. I have a small business (not real estate) and I have currently have 4 buy and holds, each with 30 yr conventionals on them. We've had two years with a LO...
Alik Levin
Personally owned/pruchased, transfer to LLC
Dear all, hi!Newbie here, just starting out.I am purchasing townhouse for rental purposed, title owned in my name and obtaining mortgage in my name. Planning to transfer the title after closing to LLC owned by me for ...
Brandon G.
Note Question-Roth IRA Deal. Private, Non-Recourse Loan, California
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...
Account Closed
Seemingly abandoned home in Orange County, California
Hi guys! I found a property in Orange County, California. It's been sitting for 10 months unoccupied. I went to the county clerks office and saw that it's listed under a mutual investment LLC. I have been unsuccessful...
Jay Patel
County Held Foreclosure Auctions - Title Searches?
Hey BP,For those of you purchasing foreclosed homes through a county held auction, are you running title searches on each and every home you intend to bid on?I am considering purchasing from auction but don't want to ...
Joe D.
Should I put my wife on the mortgage?
Hey all,I'm about to buy a new home for my wife and I and am wondering about any benefits/cons to putting her name on the mortgage with mine. I was originally thinking it could benefit us to have just my name in t...
Andres Piedra
Judgments: Sending a "This is what it means to you" list
I couldn't find one on the web or in the files on BP. Does anyone have an off-the-shelf list of ramifications for an ex-tenant who doesn't pay the judgment? I want to include something like that with the letter I'm...
Sam Epperson
What are the next steps after creating a seller finance note?
let's say I come to an agreement with the seller for them to finance some of the deal. let's also pretend the seller owns it with no debt, and we agree to 5% down, 5% rate, and 10 year balloon. how are we drafting thi...
Garrett M.
How does Seller financed land contract affect debt to income?
Hi out there!
I'm looking at putting a piece of land under contract using seller financing. Does anyone know how or whether such a contract appears on your credit?
If so, is it as a lien against the property under con...
Jeremy Bohnett
Loaning or Contributing to your Partnership LLC?
We are a two-member LLC (for real estate buy and hold investing) where each member has 50% ownership. Each member contributed equal amounts upon opening of LLC earlier this year and there have no distributions to date...