Ralph Biah
Short Sale Question
I was recently contacted by a pre-foreclosure property owner who is very motivated to sell, in his email he stated "i want noting to do with this property i want out as soon as possible" problem is he owes the bank wa...
Coleman Nelson
Tax Implications of Equity in LLC in exchange for Sweat Equity?
I am partnering up with a couple guys who have a successful rental real estate business. I will become a member of their LLC in exchange for the work that I will be performing managing all of the rental properties. ...
Sam Simones
HELP: Master Lease Option on 21 Units - Am I missing anything?
Hello All,I know that Master Lease Options have been discussed a ton on here, but after searching endlessly I couldn't find anything addressing some specific concerns/questions I had so here it goes...The potential se...
Vincent Plant
HELOC on your primary residence?
Hello all,
What are your thoughts on this:
Our primary residence is currently worth approx $250k.
We currently owe $170k.
We are looking to explore the option of using a home equity line of credit to fund our ...
Cindy Auch
Help compare rent w/ option to purchase vs private mortgage
I need to compare the profitability as well as tax ramifications for two options I’m grappling with. we currently own a home in which the tenant is in a lease w/ an option to purchase -but the contract is coming to an...
Brandon Sok
Calculating Balance Due on Interest Only Loan
I am getting a $205k private loan, interest-only, at 7%. Monthly Payments: $1,195.83Let's say it takes 6 months for repairs and refi. What will I owe to pay off the balance at that 6 month mark?Thanks in advance.
Dennis Romano
1st deed payour from title company
I am going to loan a devolper x amount of dollars to build a spec home. I talked to the title company and they said I will be the 1st trust deed on the property and when the property is sold I will get my money back....
James Palin
closing costs and payoff of interest in a private investor loan
Greetings from Dallas, TXI am about to start searching for a private investor to fund a property that I am about to have under contract. I got the verbal yesterday. Here are my concerns. If the investor is funding 10...
Alex Short
Advise on proper: Seller carries loan for 3 yrs
I have been a offered a opportunity from a close family friend to purchase there rental property.Currently the house appraised for $45,000I will be buying the house, the seller will be carrying the loan for 3 years an...
Stephen Scire
Seller financing to get into a deal
Hello BP family,
I have an opportunity to get a deal, the property ARV is @ 1.5M ...although the owner did a nice job in updating the units, there is major work that needs to be done to the exterior brick / which I b...