Dustin Gott
extending private loan
I have a private lender who is owed the full amount in a few days. He is interested in continuing to loan the money. What would you use to change the terms of the loan to extend it another year? Simple addendum? A spe...
Ty Ottaberry
(Seller financing)dose propert stay in my name until fully paid?
I have a few gray areas when it comes to the seller financing paper work. The process is easy to understand ,I want to make sure I'm protected in case I need to foreclose on the buyer , I understand the buyer's cred...
Michael Lemieux
Convert primary to rental & land trust(?)
We currently own just the house we live in. We have substantial equity in our current home. We were hoping to refinance our current house, pay off the existing mortgage and convert it to a rental. I was told tha...
Tonya Glasco
Mobile Home Purchase
Hello,
Looking to purchase a mobile home (personal property in a park) subject to an outstanding balance and take over payments in Texas. I want to sell to another buyer while payments are being made to the lien hol...
Eric Nelson
Is there a 1031 style for selling a business
I have a friend who is selling his business. It's not real estate, but it got me thinking. Is there some kind of 1031 exchange for moving money when you sell a business into either real estate or another business wh...
Michael DeCicco
SubTo Deal - Lien Question
In a SubTo deal, as the seller, can someone walk me through the lien part? Placing a lien on the property to guarantee payment from the buyer, what if the buyer wants to sell/refi? Does the buyer always have to pay of...
Nathan Waters
Subject to, Contract for Deed, Wrap Around
I am closing on my first seller financed deal in about a week. It is a contract for deed. There is a current lien on the house that I will be paying to ensure its not missed. But my question is this:Whats the differen...
Lawrence S.
Does it Qualify as Installment Sale If Another Prop. Mortgaged
Instead of doing a 1031 exchange can I carry back financing on two properties (the property for sale and another property)----or will the IRS somehow think that involving another property does NOT somehow qualify as a...
Robert Bullaro
Insurable interest vs. interested party coverage
Our principal residence and autos are titled in the name of our living trust in New York. The trust is listed as an interested party on both the auto and homeowners insurance policy. Does the trust share the same p...
Steve Donovan
Irrevocable Trust - what type of loan to purchase properties?
Hi All! I'm hoping someone has some experience with this issue and can share a solution. Our family has in irrevocable trust that has two properties among other assets. We will soon be selling one of the properties...