David C.
Private Loan, Note Purchase
I’m considering lending money to a house flipper. Because I’d like to avoid any issues surrounding loan origination regulations (usury, disclosures, licensing, etc.), I’m considering having him personally create a no...
Michael A.
My Biggest Fear - Personal Liability Coverage
Hello BP Community,
I'd like to open up a bit and share the biggest fear my partners and I have as we get off the ground with our first SFH rental. This group has been so encouraging thus far, thank you all
We're te...
Account Closed
1031 Exchange when I have no proceeds at settlement due to big refi in the past
Here is my situation:I bought an investment property and improved it. All-in for $200k cash. I refinanced it and have a mortgage on the property for $450k. I'm planning on selling it now and it should sell for abou...
Ryan Carriere
New Opportunity Zone guidance just released!
New IRS guidance and proposed regulations were issued yesterday for Opportunity Zones!I'm going to take a stab at summarizing some of the main elements of the proposed regulations given to us by the IRS yesterday. If ...
Angie Cranford
How to ask about 'EX-spouse' or biological parent.
Hey everyone. I have a question. My husband and I have had several rental properties for about 10-15 years now. We have a property that is vacant and have several people look at it. One potential tenant is a singl...
Paul Stout
Valuating Unsecured Non-performing Notes
I am not certain what the best forum category for this question is so I placed it in two. I would like to pose a question to all of the note buyers/sellers out there . What are the steps to assigning market value to...
Sean Dougherty
Credit card lien on short sale property.
In escrow on a short sale as the buyer. A $3,000 credit card lien came up in title report. The seller cannot afford to pay off that lien. As the buyer what options do I have?Would it not be in the 1st line holder's in...
David Quinn
paying off financing used for renovation prior to 1031
Hello, I have a duplex in Boston I've owned for around 17 years. Currently in the middle of a large renovation with the goal of converting to two condos and selling individually. I owe roughly 400K on the mortgage a...
Bo S.
Buying Condo in Seattle - First Home questions
Yay! My offer was accepted on a condo in Seattle. Now comes the not so fun part of dealing with the loan, closing costs, and being in debt for most of my adult life. I'm doing 5% down conventional loan ($310k sales pr...
Ivan Loza
It’s MY MONEY and I want it NOW!
Anybody here have any success stories retrieving money owed from previous tenants? One of my ex tenants left the house a mess, owes me a couple months of rent and a fee for breaking the lease early. We set up a repa...