Ed W.
Loaning Money to an SDIRA
Scenario:
An SDIRA owns a property.
The beneficiary of the IRA wants me to loan money to the IRA so that the property can be rehabbed.
My understanding is that the loan to the IRA has to be non-recourse.
My unders...
Chad Hale
San Jose to consider banning rent collection - Mtg Tuesday 4/7
From City of San Jose Director Housing Department
04/06/2020
Residential Landlords, Tenants, and Property Owners in...
Nathan H.
Wrap around mortgage advice
Hi BP Community,I’m looking for some advice on a mortgage wrap deal I’m looking to do. I’m the seller and would be carrying the financing on a $750,000 duplex. The underlying mortgage is a conforming 30 year fixed and...
Heidi Sarkozy
lost a condo in Lahaina wildfire
I own a primary residence on Maui and am interested in building an ADU to supplement income after losing my vacation rental condo in Lahaina. The contractor gave me a renovation quote of $250-350,000. I'm trying to ca...
Adam Macy
Mineral rights and investment proprety
Hello,I am in the process of purchasing a 4plex in Midland, TX. It is on a small residential lot. The sellers want to keep the mineral rights. I am wondering if it is worth the battle to try and keep them and potentia...
Allan B.
Two simultaneous first mortgages on a property, one is foreclosing, what happens?
Consider this scenario:1. Bob is purchasing a home, and starts applying for mortgages, and is shopping around. Home purchase price is $500k.2. Two banks, namely Bank A and Bank B, offer him a first mortgage, each in...
Terry Hale
Every consider not insuring your rental property’s?
I have 19 property’s and 17 are paid for. I have only carried insurance on the house I had and my wife had before we got married. They both have loans on them. Many if not most of the other property’s have liability...
Sam Dunlop
Purchasing a fix and flip in flood zone
Hey everyone, I wanted to get the opinion of someone with more experience than I have. I am looking to purchase a fix and flip in Daytona Beach, Fl. The deal makes sense financially however the house is in a flood zon...
Teri M.
Need help with assignments, please!!
Hi everyone! I'm a newbie to the game and have been interested in starting REI for quite a while now. I want to start assigning to investors. I'm ready to make my move but the thing that I need to make certain of befo...
Account Closed
401K or Not?
Hello all.....
I'm just about to buy my second multifamily property and one of the advices that my uncle gave me was to max out my 401k. Now, don't get me wrong, he owns a franchise and also has about four rental pro...