Kennessey Foote
Advice Needed - Trusts, Companies and Income
Hi Bigger Pockets team,I am looking for some advice on the business 'back-end' for my investments. I would like to lay out how it currently stands and see what more experienced investors would do in my situation.My fa...
Wai Chan
Payoff demand question with deed of trust
Hi, I am holding a CA deed of trust against a property with X amount dollars on it. However, I am also holding another promissory notes with Y amounts dollars from the same person which is already past due (no deed of...
Sai Krishna Byra
Non grantor trust vs living trust
Hello Everyone, I just joined BP group and glad to be part of this family. I have a question that I felt like could pitch it here to get the savvy answer. I am trying to set up LLC ...
Account Closed
Have investor pay into LLC or directly company directly?
Hi everyone, I basically have a friend paying for an investment property which we will flip and then share the profit. My question is - do i have him pay into the LLC and then pay the title company from the LLC? Or ...
Lyle Levine
Trust vs. LLC
Hi All,I currently own one condo in an apartment building, with the plan to add more properties soon. How do you all protect yourselves from potential lawsuits? Do you put your properties in a trust? LLC? Somethin...
Justin Westmoreland
I Missed Out On Killer Wholesale Deal
Hey BP, I think I might of missed out on a nice wholesale deal because I was to slow on estimating the repair costs. I went to see the property, took notes and pictures of the property and my intentions were to go hom...
Horacio Gutierrez
Children under age of 18 inherts rental property in trust
Hello,Say a kid under the age of 18 inherits a rental property which has been placed under a trust and parents choose a custodian to manage the rental property. The rental property still has mortgage. The custodian ...
Jon Pinkerton
Transferring real estate from trust to child
My father recently passed away with all of his assets in trust to to be divided equally between his three children. I am the executor of the estate and I am buying my two siblings out of their interest in the home. ...
Jacob Beg
Purchasing a second trust from foreclosure auction-Process?
Hi All:I usually purchase 1 lien positions from foreclosure trustee sales. I have never purchases a 2nd trust before, but came across a property where the 2nd trust is being sold via trustee foreclosure sale. Understa...
Suvarna G.
Land trust and LLC questions
Hi all,I looked up some of the discussions on land trust and still have a few questions so asking for clarifications.Here is my scenario: Have a few rental properties, most with loans and few no loans. Currently all...