Dan Green
Jacksonville FL is a probate needed
Hey BP family I could use some advice. I'm a wholesaler in Tampa FL but I am wholesaling a house in my home town in Jacksonville FL. My aunt died and left her home to my cousin ( her only living child) will she need ...
Allison Cannie
Rental properties to LLC in NC
I have two rental properties and working on a third. Is their any benefit (tax or otherwise) to starting a property management company and managing my own properties? If so, is a license required to manage my own pr...
Daniel Michael Phelps
Help! Difference between Quitclaim Deed & Special Warranty Deed
I'm currently in the process of purchasing my first foreclosure which happens to be a VA owned property. We are scheduled to close on this property on 1/12/21. Today I received an email from the escrow company that I...
Daniel Smith
Pre-forclosure questions
what do you guys use as a pitch while trying to buy pre-foreclosed homes from a home owner at their door ? What legal risks are associated with wholesaling these properties? What contracts do you typically get signed ...
Floyd T.
How do I sell a Pre-foreclosure
Happy Friday my fellow BP'ers. I'm hoping someone can answer this question for me and help guide me in the right direction. Let's say I get a Pre-foreclosure under a lease option contract. I want to retai it for Ma...
Sawyer Scott
0% out of pocket with hard money loan & commercial bank loan
I am currently looking into purchasing an apartment complex. I would like to utilize creative finance to create a 0% out of pocket solution when purchasing. For those of you with more experience in commercial real est...
Kristopher Kyzar
Can property purchases with IRA be financed out of IRA?
If a property is purchased using a Self-Directed IRA, and is retained as rental property, can that property be financed out of the IRA into the company/owner's name with payback of the funds drawn on the IRA? What ru...
Mergim Kacija
Seeking Advice on Lender-Placed Insurance Dispute After Loan Payoff
Hello BP,
I'm hoping someone here can provide insights on an issue I'm dealing with. I took out a 12-month hard money loan with HouseMax Funding, a reputable lender, for a fix-and-flip project. Before closing, I was ...
Brody Nelson
Property not in LLC name
I recently bought my first rental property with a business partner. We did a conventional 30yr fixed rate loan. The loan was placed into our personal names and not our LLC. We are looking to to transfer it into the...
Meleneal Cameron
An assignment of mortgage
I am wondering if anyone can share insight on what assignment of mortgage means? I've been scoping out a rental property that's been on the market for over a year. When I looked up the PIN # I discovered that it was...