Kyle Hipp
purchase property or llc that owns the property.
Another question in the what if category. I am curious to the details and differences between purchasing a rental property from someone who owns the property through a LLC or just buying the LLC. What tax or other iss...
Anthony Yannuzzi
Getting my ducks in a row before first deal
I'm a 23 year old recent college graduate that wants to dive in the world of real estate investing. I'm been focusing on real estate education by reading books, podcasts, and BP for some time now. Two months ago, I go...
Mike Parks
reserve account placed on hold without knowing
ok im not quite sure if anyone other than an attorney can answer this question but Ill give it a shot and see what responses I get.I have been doing business with a local credit union in my area for a couple years now...
Nancy Bachety
1031 exchange refresher
Using Round numbers Selling condo without realtor for $444,000 bought it at $144,000, $44,000 improvements, no mortgage, lived in first 5 years, rental for last 29 years.1) In order to have zero tax liability on gains...
Barrington Webb
Ideal Seller Finance Terms (For Buyer/Investor)
Hello Family!I'm considering using seller finance to acquire my first property. Do you have any advice on how I should negotiate the contract? Also, what dangers should I look out for?
Daniel H.
ACV vs. Repair Cost
In the city where my property is located, there are many three-story apartment buildings with a unit on each floor. These are no longer allowed to be built new in the city. So replacement cost of my two buildings is ...
Sean Reynolds
should I take the loss
Divorce finalized. Niether of us live in the house. It is rented, but the rent is not covering the note or any repairs that come up. Upside down on the house, and at a terrible interest rate. WHat should I do? Se...
Eric H.
Help Eric improve his debt-income ratio....PLEASE!!!!!
Greetings BP Fam,I have over 250k in debt (credit cards, mortgage, school loan, car loan) and I’m only bringing in about $400/month. I haven’t had W2 income in over a year and my wife is working part time. My LLC is a...
Sam Leon
Short Sale / Probate with HOA back dues
Not sure if this should go to the HOA forum or the short sale forum.
Location is Fort Lauderdale, FL. Small building with a condo association. Monthly condo fee is $300 which basically pays for water/sewer/...
Britt Griscom
Closing Without Title Company
I am buying a condo without a title company. I know most people will say to use one, but I've done the title search and am confident that the seller is the only owner and that the only encumbrance is a mortgage. I als...