Tony Sepassi
Virginia quit claim dess
Hello,I was hoping someone may help me with this question. My brother and I own a house and he wants his name off the deed and to only have my name on it ,so we are going to do the quit claim deed since there are no m...
Jon Loca
Minneapolis Lawyer familiar with elderly asset protection and RE
My father and I purchased a property 2 years ago cash. At the time of the purchase the property was deeded solely to his name. I would like to now transfer the deed to an LLC, in my name, while doing a cash out refina...
Jacek Blaszczyk
What to do: opportunity to buy a 400k home for 215
Hi all, my wife and I are at odds. She has a family member who is looking to unload a second home that's worth roughly 400k. They would let us take over the remaining mortgage of 215k @3.75%. It needs some updates ...
Nathan Birkedal
Multi-family House Hacking Loan Questions
Hi everyone, I am interested in purchasing a multi-family property. This multi-family will also be my primary residence. I have a friend who is also interested in investing with me. I will be the primary resident, whi...
Chad C.
Can downpayment come from closing?
Do some lenders let downpayment come from closing cost. Looking for creative low down financing. Looking at a low income housing at 45k, so DP will be around 8-9k. Could the 8k come from the seller during closing, i w...
Vincent C.
Family member transferring co-owned property to co-owner
My mother is going to help me buy a property in state of PA. It will be a cash purchase, with the intent of transferring her ownership to me after closing. What is the easiest way to get this done?My thoughts were to ...
Chris Mooney
1031 Eligible? Being added as member of an LLC & selling property
Hello all,I'm in an unusual scenario and wanted to get some guidance from the BP community.My fiance is being added as a member of an LLC that owns a residential and a commercial property, both of which are in the pro...
Jeremy Bohnett
Partnership Deal while LLC is being opened
Hi everyone! I'll try to make this as simple as possible.My business partner and I are opening up an LLC in Arkansas but the process is held up for 2-6 because our registered agent had to fax a form to the IRS to rece...
Shahdan Calcuttawalla
Partnership Tax Advice
123 N Shore Owned by Partner A worth $105,000123 Coffee Bedford owned by Partner B worth $55,000ABC LLC has $1500 in the Bank, Partner B 51% Partner A 49%. In company resolution is it passed that Partner B & Partn...
Jonathan Basden
FHA Loans
My primary residence was purchased FHA and we have rehabbed ourselves then recently refinanced.
I have a family member who is interested on my next venture, directed toward a multi unit. He was initially looking at ...