Account Closed
Selling a home back to your LLC
Dear BP Members,
I purchased a home about 1 1/2 years ago from an LLC that I am a member of using a promissory note to the LLC. There are 2 other members of the LLC and the home had no mortgage on it (owned outright...
Account Closed
Is this a viable RE investing strategy?
I think I may be on to something. I need you guys to do everything in your power to convince me that I am not and that this is all crazy... I say that tongue in cheek. A lot to share and I'll be as concise as possibl...
Pedro Oliva
Not sure as to how to approach this.
How can I structure a deal that the seller is very motivated but owes $128, arv $150k, and needs $5k to move into assisted living?
Ryan Dodge
If no commission is taken, does agent still owe broker?
Suppose this scenario:Agent takes 75% broker takes 25% splitAgent is part of a deal where commission is 3% but foregoes it so it's factored into the asking price instead (like instead of offering $100k and taking a 3%...
Rob Powell
How Do I Start The Short Sale Process
I have a lead on a house that is about to be foreclosed on.
The owner is 12+ months behind on payments.
He is leaving the country in two weeks according to him.
He just wants out.
The house is in great condition. and ...
Andre Lozada
Working my first deal.
Hey all. I have a motivated seller who said he doesn't care about his credit or a foreclosure he just wants some money in his pocket. He has a vacant property 3 bed 2 bath 1190 square feet, huge base and backyard. ARV...
Josh Gangi
Building my portfolilo faster
I just purchased my second property last month and im trying to figure out what i can do to get my third property in a shorter amount of time than it took me to get my second. My first property i purchased through my ...
Sheryl Williams
Why was the payoff so much higher at foreclosure?
My FHA loan foreclosed with a principle of $140,000. The bank auctioned the property stating I owed $153,000. It was sold for $155,000 and I only received $800 in surplus from the trustee after they took their fees of...
Tim Nash
Seller to finance home plus rehab!
I recently got a call from a seller who saw one of my bandit signs. After listening to him I understood that this was originally a project his grandson was going to do. The seller funded this project for the grandson....
Zachary Mroczkowski
HELOC Utilization for "1st" Property
So my main goal this year is get my first property under my belt. I'm trying to be creative in my financing so I'm working with my Parents. Were using a quick deed claim to transfer ownership of their 1 rental to me. ...