I have a rental property I've owned for 10 years that my basis is about $150,000. I sold the property for $600,000 and am holding $150,000 in seller financing for 1 year. I have a property to purchase for $300,000...
Can I sell my LLC in NC that has owner financed rental property? Would that remove the power of the owner to call the loan due?
Hi all,I have a mix of 1-4 unit and 5+ unit properties. I am always on the lookout for what I call "fixed rate full term" financing for any of my loans. In other words, the mythical "30 year 5-6% fixed rate for life" ...
Hello all. New to bigger pockets. Pretty simple question, just looking for others ideas and opinions. In 2009 I bought a foreclosure, (my first), for around $65k, and lived in it as well as renting rooms to friends wh...
I am close to closing on my first flip. Closing has been held up for almost a month due to a title issue. A prior mortgage discharge was signed by a company acting under POA, but the POA was never recorded. The sel...
had first tenant commit suicide in my apartment.any advise?
Hi all,
Lately, I have been trying to do my best to learn the different tax laws and am confused on a few different things. Recently, my accountant told me that if I hold a property for over a year in a LLC that doe...
Hello,
I just did a cash back refi on property A. Property A is held in an LLC and has an associated biz checking account. The bank put the cash back straight into that account. Now I am needing most of that...
Hello Everyone.I am looking to start my own real estate investing company where I plan on mainly wholesaling, but also flipping properties and buying rental properties. I feel like most people use and LLC for there co...
Having spent some significant time working with borrowers buying and selling property who are trying to complete a 1031 exchange, I thought I would post regarding my experience.1031 keys:1. Defer income tax.When selli...