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Phoenix homebuyer duped out of $73K in real-estate scam
One click. One-tenth of a second later, $73,000 disappeared into the ether and two Phoenix home sales were derailed.It was no accident. Homebuyers across the country are being targeted in custom-tailored email scams a...
Vickiel Woodard
Putting the deal together?
Hello BP, I'M looking for advice on how to structure a deal. I'm a buy/hold investor and rehabber, and I just "hand shook" on a deal to restore my brother's property and help him rebuild his retirement income/legacy ...
Mohsin Mazhar
Keeping a property in an LLC vs person name for BRRRR investors
Hello,I was looking for some advice.Background: I have 2 rentals, both are in my name right now, they are insured and I have an umbrella policy. 1 property is under a mortgage and the other I own free and clear. My st...
Terry Gillis
Buy to Flip SFR and selling to son/daughter
I am ready to make offer on my first Flip in PA, and my son is interested in exact same property for he and his wife. It is a foreclosure. I am willing to pay cash, he will do conventional mortgage. House needs abou...
Ryan Flake
Help with quit claim process
Hello,
A few years ago, I needed my father to co-sign on a mortgage with me to buy my first home. We decided he would just buy the house instead and I would pay in an unofficial mortgage each month. I moved out of th...
Justin Summers
Question on Step up basis for property owned by Father Son in LLC upon Death
My father and I bought a Vacation home in Florida 7 years ago for $500k and purchased it in an LLC .. The only purpose and use for this LLC was to purchase the property.. No other business or properties owned by the ...
Amit Barman
Looking for suggestion on partnership structure
Hello group,I am an Architect-Design-builder. Trying to framework a partnership deal with a land developer where he already sub divided the land and I am coming in to build and sale single family residences.Two possib...
Vivek R.
LLC for Multi Family Property
Hi,I just bough my first 6 fam unit in RI. I am thinking of forming an LLC soon. I am wondering if folks can answer few basic questions : 1) I am based in MA - Should I form LLC in RI or MA?2) Is forming LLC is a pr...
Derek Mitchell
Deal Review in ABQ
Hey Guys. I've got a deal I would like some input in. I've got the opportunity to purchase a SFR subject to.
The current loan on the property in about 135k and it is valued at 150k. The payments ...
Kody Veit
Seller Financing Warnings!
I have found myself negotiating a seller financing deal. The property is in a great rental location however needs a fair amount of repairs, somewhere in the ballpark of $30-$40k. It is not currently live in ready and ...