Jack B.
Sell or hold this vacant rental?
6 months vacant, lowered price twice, $400 under market, still can't find a tenant for one of my rentals. Have about 300K equity in this one. Type of tenants it attracts are not great. Everyone want's to apply but the...
Bob Maloney
Filing Taxes for LLC - using Form 1065 K-1, etc
I am member of a LLC (more than 1 member) that was formed in 2007 and we buy and sell residential property. I am getting ready to prepare tax form 1065 (and the related K-1 forms). We have bought & sold 2 proper...
Sarah Gunn
Mistake on deed, wrong marital status. What can I do about it now
Recently bought a home. Since my husband had such bad credit, I only have myself on the application. They selected single on my title deed, and I did not correct it. I know I should have but I just wanted the whole th...
Michael G.
Owner filed for bankruptcy. Short Sale still possible?
If an owner files for bankruptcy can they still do a short sale on a property? I've run into owners who say they have filed for bankruptcy and are protected from the bankscoming after them. I never have an answer for ...
Mike Anderson
Pull Equity or Sell a residential to get into Commercial
Ive got roughly 100k equity in my rental property. I want to get into commercial, with hopes of getting more cash flow and longer leases. Im not sure if its smartest to pull the equity using a line of credit, or selli...
Samuel Ksiazkieicz
Sub2 - Our Payment helping sellers FICO score? Any credit repair specialists?
Hey, I posted this in the innovative strategies forum but didnt get any bites. I tried to get it moved here but no luck, so, sorry for double posting.
One benefit that we talk about when selling a seller on the idea...
Darren Chang
Applying to Two Mortgage Lenders at the Same Time?
Hi, would people recommend to apply with two mortgage lenders at the same time? I searched online for this topic and found the opinions split 50-50. On the pros side, I can compare rates and costs until the moment I n...
Jesse Kindra
Received Notice of Bankruptcy from Tenant
Hey Forum - I'm wondering if you have any advice/comments on how to handle a situation where a tenant who was delinquent also filed for Bankruptcy, I was just told by the PM that they received a Notice of Bankruptcy a...
Adam Walter
Trustee is trying to void my mortgage in Bankruptcy court
I have an interesting situation and trying to figure out the best solution. I sold one of my rentals to my tenant with a seller backed mortgage and note (this is in Ohio). The date of the note and mortgage was Octob...
Rowan Woodburn
No money no credit (bad credit)
How do I start investing into real estate when I don't have cash or good credit? Do I build a business plan and then present it to hard money lender? How does it work? I need a step by step process order and operation...