Hello- I am in California and am looking at buying a foreclosure at a trustee sale. The loan foreclosing is in second position and cost is $600k. The loan in first position is roughly $20k. The house is worth 875k....
Just curious what a typical mom-and-pop landlord out there goes for when it comes to estate planning. We don't have an LLC and don't plan to. I've seen older threads here entitled "Trust or LLC", but not "trust or wi...
Hi guys hoping to get some feedback on an offer from TIAA for a cash out refi on my residence. It looks expensive, especially closing costs. I'm trying to position myself to have as much cash on hand as possible in th...
So BP, I need your help. This year has been a real rollercoaster ride. I kicked off 2020 by initiating a refinancing of my rental, this March, right before the whole COVID-19 pandemic. In the beginning when the appra...
Hello everyone! I am a humble beginner from Des Moines, IA looking to start a new chapter in my professional life. I currently work as a director of IT. After eight long years as an IT professional, I have come to ...
I recently acquired my second property. One of the papers I had to sign at the escrow office was the Statutory Warranty Deed. It states:"THE GRANTORS Joe Jones Jr. and Janet Jane Jones, husband and wife for and in c...
My question is how to step by step assume a loan. Example my mother wants to move but has not been able to sell her house and has offered me the house. my credit is poor. I can rent the house out for more than her cur...
I'm exploring my options to reduce my tax burden and my CPA is recommending that I create an S-Corp to maximize the tax benefits. That sounds good to me but I'm concerned that when I'm buying properties I might run i...