Chandler Ludwick
Is the LLC path common?
I like the liability protection an LLC provides, but everything I read says that banks won't lend to LLC's (or allow to deed to an LLC normally). So do most of y'all not go the LLC route? I am assuming then you would ...
Jaston Robinson
Possible deal in East Providence?
Hi all! I may have a deal on my hands in Rhode Island, but need some advice before I submit an offer on this "seller by owner". A quick low down on what it is:
1. Four 1 bedroom units, currently renting out for a to...
Rona Strish
How does HOA super lien foreclosure work?
Hi BiggerPockets Experts, could you share how does HOA super lien work? Florida is HOA super lien state, does it mean if HOA foreclosed a house then 1st mortgage will be wiped out? I purchased a HOA foreclosed house t...
Daniel B.
Water Main Break
Just got a call from a tenant this morning, there is a water main leak at on of my SFH. It is coming up right where the driveway meets the street. As the water meter/shut of valve is on the other side of the house a...
Chris Fore
Double Taxation on ROTH IRA contributions for down payment
I have a solid ROTH IRA and I was interested in using some of the contributions as the down payment on a property. That money has already been taxed (as per the definition of a ROTH IRA). However, once that money ge...
Kevin Kaczmarek
Is Note Carry-Back a Security?
If I buy a property, sell it on terms and decide to sell the note 100% I know I am selling an asset. If I hold back say 20% of that same note, is that considered a security? I heard the idea this morning and the first...
Brian Bradley
Asset Protection and The Bridge Trust
There are a lot of options for asset protection, but the only true protection that offers FULL protection is by using a foreign trust. If you are purely domestic in the US with a domestic LLC and Domestic Trust, you a...
Junior Hall
Best ways to close on off market deal
Hello everyone. I'm fairly new to the bigger pockets community but have been listening to every podcast since around May of this year. I currently own 2 single family residence, 1 multi unit and am in the process of a...
Brian Jobson
When are Hard Money Fees Paid?
So I emailed about 7 lenders yesterday and got replies back from all of them. After reading 2 of the emails I began wondering about these fees and when they are due. This is an excerpt of 1 of the emails I receive...
Mak K.
Keeping Ownership Annoymous in Rental Properties
I am from Texas and am having hard time finding the right way to purchase real estate rentals (SFH). I have tried doing TX LLC which is owned by WY LLC. This allows to stay annoymous. The only issue comes is now I ha...