Mark M.
Insurance
I understand that if the deed lists an LLC then the insurance needs to list that LLC. What if the deed lists the LLC and the insurance lists the owners by name and the LLC as additional insured? Is this sufficient p...
James Boreno
Do I have to pay Capital Gains?
Hello BP Fam,One of my SFH caught on fire and I'm in the process of selling it to a contractor. Had a quick question.I purchased the property for $500K about 10 years agoI'm selling the property for $575K with the Fir...
Will Toress
Seeking advice on tax deductions for STR that's under construction
Hi all, been reading a ton about taxes related to STRs but still have some questions. I bought the property in 2022 with the intent of making it a STR that year. However, when starting construction, we found extensive...
Arthur Mayer
Deed in Lieu, Short Sale, or Cash4Keys on 2nd NPN
Scenario:House is worth $65,000. (BPO)Homeowner has a 1st for $58,000 and a 2nd for $15,000. (CLTV 112%)Purchased the NPN 2nd for $2,000She is behind on both her 1st and her 2nd by about 30 days now. The homeowner ...
Steve Driscoll
Tax Implications for Seller who is owner financing personal home
I am interested in purchasing the home of an elderly couple who wants to sell. They have owned the home for a long time and have seen 10x appreciation. This is their personal home. In the event they owner finance, ...
Lance Robinson
HOW TO FIND OUT IF HOA IS FORECLOSING ON PROPERTY
Is there a way to find out if a property is in sometype of HOA foreclosure. your insight is appreciated. And I have a deal hanging off of this info.
Gabe K.
Loan mod strategies for houses with equity
Hi Fellow Note Investors,I own a NPN where the market value of the house is actually large enough to cover the UPB + all the accrued payments and fees (3 years). However, I want to be the nice guy and modify the loan...
Peter Bardou
Property Accounting software...for a mac?
Hey everyone!I am still rather small(4 units) but I am in the process of setting up systems to be able to scale in the near future. Does anyone use any accounting software on a mac? For example, Quicken, or Quickbooks...
Account Closed
Let's See If This YouTube Thing Works
Hey everyone,I took the plunge. After almost a year of planning, I decided to step my game up and start my YouTube channel in an attempt to document my real estate career. This was probably one of the hardest things I...
Jade Davis
Using a VA to find motivated sellers
Hi all! after doing a bit of research, I think I want to outsource the locating of leads to a VA through Odesk or Freelance. Can someone please share with me what it is that you have your VA do to locate motivated sel...