John Yowpa
loan questions regarding money loaned to LLC
hi allMy wife and I started two LLCs recently.LLC #1 is her non-profit. This pays rent to LLC #2, which has the mortgage for the property.In order to pay for the property we of course has to use personal finances for ...
Junior Correa
Purchasing 4 plex w/ tenants
Hello BP,I just had an offer accepted on a 4 plex which is completely tenant occupied. What are steps or items I need to do during due diligence and the transition process?I'm in FL if that matter.Thank You!
William Whigham
Taking probate property subject to....Possible????
Hey BP family, I have a question, here’s the scenario... I have a seller who is the executor over her sons estate. The property has a mortgage and they are behind two months on payments. The Bank has not issued any fo...
Mike Hummer
transfer tax
a friend has property in the state of Washington , She has it in partnership with her boyfriend. His name is on title, they just refinaced with her buying down the loan with her money only of $200k. The title or escr...
Brian Thomason
US born Citizen living in Canada - Tax Advice
Hello, I am currently living in B.C. Canada and looking into buying my first home. I was recently told that it is a bad idea for US born citizens to invest in Canada. From the limited info I gathered, the only thing t...
Dan Cho
Appraiser Stated Damage in Building and Want to Negog with Seller
Hi all I wanted to get your opinion on how I should proceed with a purchase of a building. So I recently had an inspector go through the building and he noted to me that the flooring in one of the building would have ...
Nicholas Espero
Cosigning a VA Loan to meet qualifications
Hello All!I am currently in the works of putting together my first real estate investment in the form of a house hack. I currently live in the San Diego area where average unit prices are at their highest in about 7 y...
Ryan Baker
Evaluate a Storage Unit Deal
Hi all,Long time reader, first time poster. In keeping with my 2020 goal of actually starting (rather than fantasizing about) getting into real estate investing, I’m investigating a storage unit facility for sale. I h...
Christian Hanus
Taking over MTM leases
In the process of purchasing my first multifamily property and have a general question regarding the mtm leases that are in place. The current lease they’re on describes how to submit payment to owner, obviously that ...
Austin Bentz
Saskatchewan Multi-Family Development
Currently have land secured and some initial funding for a new development in Saskatchewan, Canada. Land can accommodate 6-7 32-unit rental apartment complexes. The plan is to begin with 2 buildings, and look at add i...