Kyle Russell
Subject-To Madness, Not Sure of Options
Hey BP, question for you. I bought a house that was a subject to deal. The owner still had an active mortgage on the property which I have been paying since taking ownership. My issue is the previous owner just contac...
Phil Doran
Contributions of real estate and cash to to Multi Member LLC
I am looking for feedback on how to properly document contributions on LLC operating agreement and seeking advice any tax implications of this LLC set-up.Partner #1: Contribution will be Real Estate with a FMV of $360...
Ben Peret
LLC with a partner using personal financing
I'm buying a duplex out of state with a partner. We're thinking of using one of us to finance the property personally (using an investment property mortgage), and then moving the property into an LLC. Here are some qu...
Dan M.
Private Lending from Family
Hey All,Newer investor here from Phoenixville, PA (Philadelphia Suburb.) My partner and I have created an LLC and recently purchased 3 SFH (buy and hold.) We are hungry to buy more and both of us may have the option t...
Mark Costa
Leverage- can you have it both ways?
Goal 1: Pay off mortgage on the home you live in. (With no plans to borrow against it in the future.)Goal 2: Begin, grow and accelerate real estate investments using leverage. (The monthly cash that previously was pay...
Carlos Ruiz
Title on quitclaim deed during a tax sale
I entered a winning bid on an illinois tax sale and it will be a quitclaim deed for the property. I've researched quitclaim deeds and it mentions that open loans don't follow the new borrower. I believe this property ...
Paul Brady
Bank calculating rental income wrong?
I have two rental properties
One with a $5400 mortgage payment with $6600 in rents coming in after expenses ($1,200 in profit)
Another with a $2000 mortgage payment with $3000 in rents coming in after expenses ($1,...
Kevin James
what happen to Second mortgage after forclosing
I am planning to buy Condo from the bank who had forclosed on it as first mortgage after the redemption period ends, but the property also has second mortgage on it am I responsible to pay off the second mortgage if I...
Ryan Breen
Illegal Half Bathroom w/ Traditional Lender
Good evening BP nation! My wife and I are looking for our first house and came across one we really like. Only problem is that there's an illegal half bathroom on the main floor. The current owners have no desire to...
Casey Cleveland
Private money template
Anybody happen to have an interest only private money contract template they wouldn’t mind sharing? TIA