After closing on a deal, how long is it advisable to wait before transferring property to an LLC? Especially when its likely the loan will be sold to a third party?
A lot of leases have multiple 5 year option clauses but are they really necessary from a landlord perspective? It seems like the only benefit is to the tenant that can lock in their option rates for the long term. L...
What is the difference between owner finance, seller finance and rent to own ?
Hi…so we have this 6 flat we bought a month ago and we did another walk through today and of the newest tenants (not leased by us) was a bit odd…not strange in mental health way, but somethings didn't add up….she clai...
The building I rent for my office was sold to an outside investor last Summer. The investor has been pushing me to lock-in to a new 7 year contract (current term is up Dec 2018). My assumption is that the investor is ...
I do California junior lien position business purpose loans secured by CA single homes .I am looking for an an Inter creditor agreement between the the 1st Lien lender and junior lender , whereby 1st Lien lender al...
When assigning a Lease Option I would:Letter of intentLease agreementOption to purchase agreementBetween seller and I, then:Assign to end buyerCollect option fee and step out of deal. Since it is not considered down p...
After reading a lot about the lease option strategies, one thing I have not seen much about is an exception for home owners looking to do one or two of these a year. I understand if your are going to go into the mortg...
Hi If I purchase the property and put the tenant buyer with 2 years rent to own contract ,Can I refinance the property once I have tenant buyer put in the property , let's say after 6 month ?I will pay off the loan if...
Hi BP community. I searched in the Tax and Legal forum, but didn't see this question answered specifically. I am trying to determine how lease option up-front option fees are taxed. My understanding is that they are r...