Mike R.
Buying a 2nd income property- HELOC?
Last year in April I bought an income property cabin in Big Bear Lake, Ca. I paid cash so I own it outright. It has been doing very well in rentals so I want to buy a 2nd one. I can't pay all cash this time- so I was ...
Corey Griffo
Seller stays as Tenant?
Hey! I'm here in Lexington, KY and just got a hit on some of my marketing. The Seller who I plan to meet with later today said that she is in bad health, has no Heirs to leave her house to, and would rather sell the h...
Jennie Berger
What's fair / the going rate for a Fiduciary?
Hi Y'all:We're in the stages of possibly transitioning away from our financial advisor at a large institution to a third party custodian and hiring a true Fiduciary. The one I'm considering right now is fee based only...
Jay Dean
Least option - State of Texas
I am researching lease options and how they work. I am specifically interested in knowing the pros and cons of a lease option within the State of Texas. I assume that state law has some bearing on the answer. If yo...
Chris Wallace
Advice, Commercial RE, sell or cash out to buy another property
I'm Trying to give a complete picture so I can tap into this great resource of BP. I own a commercial property, no mortgage. Two appraisals 3 years ago $1.8MM. Raleigh NC, so unlikely to have gone downRent $10,400/m...
Sean Maginess
1031 Exchange and Commercial Rent to Own Property
We sold a property using the 1031 process and were approached by a business about purchasing a piece of commercial property for them with the intent to create a rent to own agreement. Our previous experience has been...
Sarah Jones
Creative Financing - Brainstorming
I bought a house 6 months ago in california with PITI is about $1500 per month. I live in one of the rooms and I am renting the rest out for $2500 a month so making about $1000 extra. I want to buy a second house asap...
Samantha M.
A Word of Warning Wholesalers: If your Buyer backs out, YOU are in DEFAULT
I was talking with a friend of mine who is a real estate attorney today and we had a discussion that I think many current wholesalers(and noobies) are not aware of.
Typically when you wholesale you schedule the closi...
Darian Richardson
Filling Out State LLC (Neveda)
Aw, tis the season for Taxes, eh? With that comes a few mini debacles early in the year, hopefully someone can offer some insight into my current one.Early December 2018 I formed an LLC in the state of Nevada due to t...
Christopher Murphy
Small Business Checking Accounts?
Hi All. In the future, I expect to create an LLC for Real Estate. I am just starting out in the game educating myself and looking for a househack in Dallas-Fort Worth. HOWEVER, I just made an LLC for my baseball coach...