Nick Liu
How to transfer fund from LLC account to personal account
this is not exactly 100% real-estate specific question, but I'm sure we have the right expertise in the family to answer it. I'm sure I'm be encountering the same situation down the road, might as well prepare ahead ...
Sally Pearson
Properly Establishing an Intrafamily Loan?
Hello! I am doing an intrafamily loan with my father for a home purchase in DC and need to make sure it is viewed as a creditor-debtor relationship to the IRS so he doesn't get a gift/inheritance tax. To my understand...
Jonathan Spaeth
What happens when buying a note in bankruptcy?
What generally happens when buying a note in bankruptcy? Do you, as the new note owner, still have rights to collect on the debt? Does the property usually get foreclosed on?
Andrew Syrios
Credit specialists and credit questions
My father, despite never missing a payment in his life, has fairly mediocre credit due to, we think revolving debt. 2 Questions:
1) We think some of it may be because the credit bureaus view 2nd loans from ba...
Taylor Jennings
HELP Seller has $32k in Judgements on a $10k Property...
Here are the details:
Seller's House Price: $10,500
Judgements: $32,700
My Wholesale Fee: ~$6,800
Closing Costs + Back Taxes: $1,700
Buyer Cash Offer: $19,000
The seller owns (4)...
Cori Foreman
Ready for a financial shift in my life and REI came to mind
I’m 23F and I have 30 college credits left but I’m not interested or passionate about my degree anymore nor working for the next 40 years of my life so REI is the first thing that came to mind.For a few years I’ve bee...
Brian Bradley
CA Residents Protect your Assets through State Exemption
If you are a CA resident searching about Asset Protection one option for your, if you qualify, is the Private Retirement Plan (PRP) which provides one of the highest levels of protection for your assets. PRPs are ide...
Curtis Mears
Can I Loan Money to Father in Law under Dodd Frank Rules
I had asked this before, but did not have the supporting links, so I am asking again with reference. My father in Law would like to burrow money so he can buy a new house. I would provide a bridge loan secured by the ...
Bob Malecki
Which states have debt collector licensing requirement?
I was just researching WA for debt collector license requirements and found the article linked below, summary sez:" Who Is a Debt Collector Under Washington Law?The definition of a debt collector under the Washington ...
Jesus Villarreal
probate
When working with a motivated seller who is the executor in a probate case does the sale of the home have to be approved by the attorney?Also, I read online that the sale of the home must be 90% of the homes appraised...