My wife owns an LLC which owns an investment property in Conway, NH which we believe will appraise for +/- $700K. It has no liens of mortgages. She also owns 100% of our personal residence in Tuftonboro, NH that is as...
What are the risks in buying a property from a person facing legal action who recently transfered said property to an irrevocable trust? Specifically, the person was charged this March 2023 for embezzlement of ~2MM US...
I’ve been showing and taking applications for my first rental property. The applicants all seem to fall into one of two categories:1. better than 3x income but credit problems ranging from missing some payments for so...
So we all know housing will dip/drop at some point. What happens to your equity in situations when you put down 5% vs when you put 20% down?- Buy a 500k house and put 5% down (25k) and the next day housing prices cras...
Hi y'all wanted to know that liability when using hard money. Is the loan underwritten purely against the property or do I also have liability of my personal assets if it doesn't work out. Am I protected if my other p...
Friends, I came across an ad, on Craigslist that made me think. The ad was of a modern home in a decent area. Of course, the rent was inflated but not by much. The ad listed renter qualifications, and explicitly said...
Hello, I have a large house that is fully paid for in a wonderful area. I make enough money to keep things running and get by, but not enough to really set aside to invest in any great quantity.
My wife and I...
Hi all!I am in kind of a unique situation with my seller, as he is an attorney overseeing a bankruptcy case and multiple homes within the bankruptcy. Anyway, he gave my realtor and I an opportunity to go to the proper...
Hi everyone! Just signed up for Pro not too long ago and been educating myself with the website and books from bigger pockets! Before Dec. 1st I want to land my first deal on a quadplex and live in one of the units! F...
Maine law states that security deposits must be held under terms that make the funds protected from bankruptcy and judgements against the landlord. Talking with my bank, they offer escrow accounts where funds belong t...