Joseph Duenas
Purchasing a foreclosure and previous owner won't leave
I'm in contract to purchase a house that was purchased over a year ago in a foreclosure auction by wholesaler/ investor. The right of redemption is up, and the current owner is selling it to me with a significant amo...
Vanessa Peters
Auction Property - Why so low? What am I missing?
I have an opportunity to bid (online) on a SFH. Its my FIRST property and I'm really nervous. I intend to flip it.My question is how can the opening bid on this house be 4x LESS than the home is worth? Also, with o...
Hailey Brown
Complex 1031 company mistake
Hi all - I have a question that is most likely for tax specialist's and attorneys, but I thought I would see if anyone here has any insight. I sold a property with a partner and we put the money into a 1031 and bought...
Jacob Murry
Purpose of an LLC on multi-family
Hey Everyone, I have a pretty general question about LLC's. I've read several articles weighing the pro's and con's but I'd love to see BP members thoughts on these questions. I've been advised to open an LLC for each...
Anthony Portugal
Purchasing first rental property under LLC with mortgage
Hello everyone,I've been an off/on lurker here for a couple years and an aspiring rental property investor. After finishing grad school a few years ago and building some capital, I'm finally in a position to potential...
Dylan Thomas
Help Me Lock In This Deal!
Hey BP! I’m trying to wrap up a deal and I’m running into a few things. Figured there are a lot smarter people out there than me, so I wanted to see if we could figure out a way to get the deal done! I have an owner (...
Andrew Pandolfino
Family loan to LLC for all cash rental purchase and refinancing
Hello BP community, I have a bit of a tricky situation and am hoping to get some advice on how to best proceed with my first real estate transaction. I have recently put an offer on a multifamily property that I had ...
Tyler Shoaf
Private Money am I being scammed?
Hello BP Community,If any experienced private money lenders are reading this please give your opinion on this matter. I recently got into contact with a private lender (or so he says) by the name of Ludwig William and...
Nick H.
Can you use income from ADU/in law apt to help qualify for FHA?
Hey BP,I am trying to make this deal work but right now my numbers are tight. The property I am looking at is a new construction side by side duplex, both units identical. For some reason it is not considered a legal ...
Eric Renney
Buying a home with mortgage but is past statute of limitations.
Here is my situation, I did a mail out and got a guy to call me about his home. He is wanting to sell it but the property still has the original mortgage on it. He estimates at about $250,000. The lender started the f...