David C.
What location to chose for EIN if your LLC is out of state
This was a question that was posted a while back, with a shotgun scatter of answers. Example: I live in OH and are created an out of state LLC in AZ, when I go to create the EIN for the AZ LLC, the EIN question is as...
Stord Jacob
Selling paid of property
So I have a property am selling. it’s paid off with no liens or anything on it. However, it seems because of the recent rise in interest rates, it has unfortunately push most potential buyer to get qualify for the mon...
David Bilandzija
LLC & Trust, no EIN - How can I open a bank account?
Hi BP,I'm representing a borrower in FL and we are at clear to close on his cash out refinance loan (investment property). We cannot close because he wouldn't be able to cash the check for his cash out proceeds. The ...
Ryan Cheung
Buying a house with a tax lien
Hello,I went to see a home in North Bergen today that is listed as a 3 family home. However, the agent said that it can be legally a 4 unit home, with an additional unit in the basement. This house is at a good price,...
Yer Xiong
How can I confirm a wholesaler is legit?
I have been looking for a good deal for quite some time now and have been talking to a wholesaler in KC, Missouri area. Problem is I saw the original deal from Criagslist and the poster claims to be a wholesaler from ...
Amol K.
Cashout refinance interest
Could you please let me know if the interest in Step 5 below would be tax deductible:1) Buy Property for $100k. $20k cash down, and $80k loan (for simplicity, say interest-only)2) Property appreciates to $150k3) Refin...
Tim M.
Delayed 1031 and SBA loan
BP, I need your help!I am considering the purchase of a small commercial property using a SBA 7a loan. The loan would be in the name of an LLC (an eligible passive company). I would like to finance the property withou...
N/A N/A
Estate forclosures on Medicaid, & dead owners
I've recently heard that this area is lucrative, & for that reason, those that understand this side of the business do not want to discuss it.
Does anyone that understands the "ins & outs" of this topic wish ...
Antonio Aceves
Should I set up a different account for a 1031 exchange?
Good morning BP community, I am new to flipping but ready to get into the game. I need a CPA. Does anyone have a good referral? I am in the D/FW, TX. Market. The question is should I set up a different account for a 1...
Tud Jones
TARP, P-PIP.
I got a letter in the mail about TARP, P-PIP, and how a firm here in Vegas could buy my loan from the mortgage company then use TARP money to subsidize a reduction in principle/negative equity of my mortgage. I calle...