Jennifer Umbaugh
URGENT: Self-direct IRA to loan money to LLC where I am sole MM
URGENT QUESTION. House under contract, two weeks to commit. Can I set up a self-directed IRA to loan money to an LLC in which I am the sole managing member? The LLC Purchases homes, renovates them, then resells them....
Kurt Jones
MHP with RVs and Storage Yard too
Interesting opportunity kind of fell in my lap. Off market deal, existing MHP with 25 homes (12 POH) along with 27 RV lots (25 occupied) and a connected RV and boat storage lot with 50 spaces.Obviously not a pure play...
Account Closed
Land Trust to prevent Partial seller Financing due on Sale Clause
Hello BP, sometime ago i read "The definitive guide to using seller financing to buy real estate", and only thought that to prevent due on sale clause, that would mean i can only used this method on debt free property...
Darren Roskott
Basic question about LLC in Pennsylvania
I am applying for a HELOC and would like to register the loan with an LLC in Pennsylvania. Can I apply for the HELOC now and then obtain an LLC in the next week or so? Any suggestions on the easiest/cost effective wa...
Shanequa J.
Is this unethical?
I have a business that I make good money with plus a 401K I can pledge as collateral. On the other hand, my Houston real estate business is new with no tract record or financials. Would it be unethical for me to get a...
Account Closed
Seller Financing Arrangements
I have an office condo for sale. I’m considering a seller financing arrangement. What issues should I consider? What should I be aware of that can make the transaction bad for me as the seller? What should be my bi...
Carlos Esparza
Family and friends as investors
Hi BP community. I just bought a house (first purchase) from an owner and looking for ideas on how I can flip this house with the support of friends and family. I'm not sure if this info will help but, I purchased the...
Ryan Newport
Seller finance difference between appraisal and offer with FHA??
FHA loan product. If my appraisal came in at say, 250k, but seller insisted on wanting 275, can I seller finance an additional 25k. Does FHA allow this? I know they specifically do not allow seller to finance a down p...
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Question On Non-realtor MLS access in Illinois
Hi all
Is anyone accessing the MLS without a license in IL? I was about to apply for mine just to access the MLS but from doing searches on here it appears that it will conflict with my wholesaling activities. Plus y...
Mike Schorah
Tax delinquencies: What’s a better list to market to?
A list of 9 months late tax delinquencies or a list of tax delinquencies going to sale in 30 days?
Would the tax sale properties be difficult to wholesale like mortgage foreclosure auctions?
Would it be worth filin...