Steve Burke
Living trust, will, power of attorney?
I have two rental properties, one in Minnesota and one Alabama. I am currently living in Arkansas and about to close on a house which will be my primary residence. I want to make arrangements so my sister can take ca...
Chris Howard
Need Advice on wrap around mortgage on townhouse in VA
I have a town house that has been for sale for about a year. No offers. I have another property where renter wants to buy this town house. He has been good payer. Says he has done a wrap around mortgage in the pas...
Keani Le'a Barnes
LLC for Managing Rental Properties
Aloha Everyone! My husband and I are born and raised in Hawai'i trying to go beyond affording the "price of paradise"...We recently began investing out of state in Ohio and closed on our first property 2 weeks ago. ...
Derek Scott
What all do you put in your LLC?
We have an established LLC in South Carolina. For tax purposes, we intend it to be disregarded entity. We will be purchasing at least two SFHs in the LLC soon. We're going to BRRRR the two houses and keep them for ...
Tyler Weiss
Seller wants to change title companies before closing??
I was supposed to close a week ago on property but we are seeing delays. The seller now wants to back out or change title companies. He is furious with them for lack of communication, lack of internal communication, t...
Lilly Fang
buy property on subject to question
Hi, I have a wholesaler approaching me with a subject to deal with. Here is the number:take over $285000, 2.5% mortgage; $70,000 lien, 0%; $35,000 lien 9%;My out-of-pocket expenses are $40,000, and my rent is $2500. T...
Laura M.
Purchasing an Estate
We have a home under contract to which the seller has already taken possession of the home and owns the home free and clear, having the deed in his possession. In order to clear title the title company wants a minimum...
Patrick T.
Best Legal Entity for Flipping Properties
Hi all,
I'm a General Contractor, doing business as an LLC in Spokane, WA and I'm interested in knowing what legal entity works best for doing business in real estate - flipping houses. Especially in consideration o...
Jon Schwartz
Seller financing from a 94-year-old -- what could work well?
Hi guys and gals,I'm in an interesting situation. Long story short, a 94-year-old woman has expressed interest in selling me her $2M duplex (in a very nice area of Los Angeles, hence the $2M price tag). She owns the p...
Kristi C.
LLC or trust?
I am new to real estate and rentals. I bought a duplex last year in July and it's rented out now. I am wanting to know about LLC and trusts. I was wanting to make an LLC, but someone who is a landlord here said to jus...