George Glessner
LLC Structure and Insurance
Hi All! I am in the process of creating my first LLC with a lawyer. I am planning on buying my first property this summer through this LLC. It will be a single member LLC. I will have a separate bank account for the L...
Steven Skinner
Owner-Financing: Seller Carryback vs. Land Contract
So...I've been reading way, waaaay too much about the subject of owner-financing within too short of a time-frame over the past few days. All of the facts and technicalities are starting to run together in my head. Yo...
Vahe Ohannessian
I "OWE" 3 POINTS on a loan that DID NOT CLOSE!
Hello fellow BP-ers,This is regarding a deal in Massachusetts, so any input from MA Attorneys familiar with Hard Money Lending and related laws would be greatly appreciated.I recently closed on a property where I ende...
Robert M.
Accountant charged me to respond to IRS Inquiry?
I received a CP2000 notice from IRS and send to my accountant who prepared taxes. The inquiry was resolved with a simple letter to IRS explaining where income (rents) were accountant for in LLC return. The issue was...
Dewain J.
Neighbor Drama, Fence installed over property line.
So I'll try to keep this as brief as possible. It’s a long story. Extra credit to anyone who finishes…We purchased a house to live in, and it was a fixer upper. During the construction phase some materials were placed...
Ibrahim Yamini
Should My First Investment Property be OOS?
I don't have any experience owning an investment property, but after getting my finances and credit in order while studying the tricks of the trade for the last year I think I'm ready to move forward.I was focused on ...
Account Closed
Does anyone have industrial properties?
I'm certainly a newbie when it comes to commercial investing. I have a good understanding of the due diligence required for multi-family, many aspects that should be considered for retail/office, but industrial prope...
Account Closed
Financing for New Properties in a Seperate Newly-Formed LLC
Hey There!After browsing various threads on the subject there is one question that remains when it comes to financing and asset protection.I realize that you would have to get a non-conventional loan if you are buying...
M. Ian Colville
$20mn fund looking for good Fix/Flip JV agreement.
Hi All! We currently own ~$20mn in residential properties and we'd like to get in to lending in the fix/flip market via a joint venture structure (we provide most of the money, partner does the work and we split the ...
Dawon Irvin
Exploring the ABCs of Real Estate A Dictionary of Real Estate Terms
This post serves as a detailed reference point—a compendium of real estate knowledge that delves into the fundamental aspects of this dynamic field.
1031 Exchange: A tax-deferred exchange allowing the sale of one pro...