Stone Jin
What happens when I die
As we are doing estate planning we are coming across this bizarre question. Let's say I currently have 10 mortgages and my wife has 10 mortgages. If one of us were to die, would the other assume the mortgages even t...
Andrew Jessup
Can I Restructure to an LLC Owned by Family Trust
I have a former primary residence I want to convert into a rental. We would like to have the property to an LLC for liability purposes and then have the LLC owned by our Family Trust for Estate Planning purposes. Howe...
Kristopher Smith
Using 401k to invest in real estate.
Hey there BP family! I was wondering if anyone has any experience/knowledge in how to roll a 401k into real estate. We are not interested in borrowing against it. We simply want to unload it and take control of our mo...
Tim Braun
Purchasing a small mobile home park via. land contract - need some advice
Hello all, hopefully this is the right place for this. I am considering purchasing a small mobile home park (6-11 pads) on a land contract. I'm addressing the site details on a different post, so I was hoping to get s...
Brendan Murphy
Should I create an LLC to handle my seller finance deals?
I wanted to get the opinion of some of my BP family. I currently have a portfolio of rental properties and I have negotiated the sale of one using owner financing. I currently hold these homes under an LLC. Since I am...
Stan Plebanek
Has anyone ever done this?
I have a friend that is looking to relocate. He has a nice home that does not need any rehab. If I took over the payments subject to the existing mortgage, it would cash flow but there is always the posibility of th...
Tiffany Whitaker
How long does it take Hud to list a foreclosure?
Greetings All,I am currently looking a home where the deed was recently transferred to HUD (3/12/2020...that's right, the day before the world shut down), but the home hasn't been listed on the HUD homestore site yet?...
Ryan Penne
VA loan 1 year minimum complication - military & mortgage help
Hi all, I'm currently in the Air Force reserves and qualify for a VA loan. I am looking at buying a multi-family property within the next 6 months with a VA or FHA. However, I may be switching into the Air National Gu...
Michael Klinger
Business Banking Cincinnati
Hopefully not too off topic? I'll try to avoid asking "where does a multi-family investor buy a set of toe nail clippers?"But... I need a new bank where I can open up a pile of business cehcking accounts to operate Ci...
Otis Dominique
Fraudulent transactions Anonymous LLC
When using a service as the organizer of your anonymous LLC, hypothetically if you transferred a paid off piece of property in it, what would keep the service from conveying the property as it wishes? (There is nothin...