Dan Bee
The house next door
Hi BPers,There's a house my wife and I want to purchase. The house is located in L.A. and it's the house next door to my mother in law's house. This house next door is owned by a trust which includes my wife's mother ...
Mike H.
Buying a single family from family member. Mortgage is paid off.
Hi All!This is my first post since, after scouring BP, I haven't found a situation similar to what I'm trying to accomplish and I hope to read some creative ideas! I'm purchasing a single family home from a relative i...
Joe A Warner
Buy and Hold Entity Structure??
Hello everyone!So I purchased my first property in April this year. It was a lot that has two houses on it. I rent one house out and have a roommate live with me in the other! It works very well for me and has allowed...
Eli Kallison
California Tax Sale: Deed of Trust with Assignment of Rents
I am doing some title research on property in California that is being auctioned by the county due to non-payment of taxes. This California State Legislative code outlines which encumberances will survive a tax auctio...
Ramy Barsoum
Virtual Wholesaling Contracts
BP family, I need your inputs here please.What kind of contracts or agreements you, as Virtual wholesaler, do with another wholesaler for your JV ?Basically, we work as follows..I'm virtual wholesaler, I do the market...
Bernie Huckestein
Property for Grandchild / Children
I will be a first time and new Grandfather early summer 2018 -- stoked about that for sure!!I'd like to purchase a 1 - 4 unit right after birth on behalf of the child...when he/she graduates from high school he/she wo...
Christina Torres
Capital Gains tax-Potential for using a trust?
I'm in the process of acquiring a rental property from my family- they have worked hard to build their business and are in the process of retirement and I want to purchase one of their properties. I've heard that you ...
Chris Masons
Question on Trust Vs LLC
Are there any other benefits to putting a property in a trust VS LLC aside from when in a trust there is a beneficiary designated should the trustee pass away so it is clear who the property would go to.
I guess thi...
Mary Jay
How one person can create a double member LLC?
Hi guys,Could you please help me out?Everybody keeps saying how if a husband and a wife own an LLC it is still considered as one member LLC. Also, its easy to pierce the corporate veil of one member LLC, and courts ...
Chuck Prime
I have a way around funds-proof requirements - BUT...
For wholesalers, here's a way around funds proof requirements on those shortsale/REO deals - IF you know your buyer.
Use a standard Addendum and add him as co-buyer on your original purchase contract. Now you're both...