Josh Williams
Asking for help with Strategy.
We currently own our first home, purchased at 108k and paid down to 101k after 4 years. It has appraised close to 150k. I am currently using a VA loan and have disability exempting from funding fees. I am constantly b...
Martha Daisley
What is the liability in holding a note?
HelloFor any real estate attorneys in the group. What is the liability in holding a note?I am getting ready to start buying notes from a private lending company. The notes are all backed by investment properties and t...
John Harding
Is it possible to purchase your own non-performing note?
Does anyone have any experience with Kondaur Capital Corporation? They are looking to sell non-performing notes in my area, and a friend has two properties that would fall under this category. Would she be able to ...
Sean Leonard
Need to finance renovations on rental owned by my LLC
So, I have a bad property manager who allowed my tenant to let the property fall into disrepair and, because I didn't choose the contractor he recommended, he has let my property sit untenanted x 8 months, not followi...
Brian Adams
Fake Paystub Generator...didn't realize this was a "thing"
I recently became aware of this and wanted to pass along.My third party property management company shared with me that there are companies that provide "fake" pay stubs. We use the pay stubs to verify the prospects i...
Richard Lindman
Self Directed IRA - Accessing for funding deals
Hello BP,Because of the rules, it is not possible for the owner of a Self Directed IRA to loan money to their LLC's. It would be considered a prohibited transaction.My solution is to find other investors with a Self ...
Julia Tse
Can EMD release to someone else without your consent?
Dear BP members,I am in contract with a wholesaler. In the contract stayed that I will get a private loan with x% of interest rate. To be sure, before I did anything I asked him if there is any chance that I won't g...
Cam Lawler
First STR purchased after attending BP Rookie Bootcamp
Investment Info:
Condo buy & hold investment in Pawleys Island.
Purchase price: $149,900
Cash invested: $50,000
Short term beach rental in the Litchfield at the Beach resort. $10K spent on upgrad...
Brandon Priest
1031 - Use 3rd party to purchase property & extend 180-day window
Summary of transaction: I want to purchase a vacant piece of land and utilize a "Reverse/Construction 1031" in which I will be selling a rental home. My problem is that I won't be able to get permits required timely...
Thomas Travers
Escrow account for flipping
I would like to set up an account so draws can be made on a rehab project after each inspection.How do I do this so both parties are assured money is available and a third party releases the funds upon my approval?