Steve Hiltabiddle
Private Lending - Business or Personal loan classification
I have an interesting lending opportunity that I have some questions on. Hoping to get some feedback.
Owner is an older gentleman who has moved out of the subject property and is now living elsewhere. Now that he is...
David Miller
Guy defaults on mortgage. There are liens against home. Options?
hey community, a friend's father had a business that failed massively in the last 3 months. he just stopped paying the mortgage on his house. some of the business partners have liens against the property. my understan...
Markeilsha R.
Subject To refinancing
I am currently a renter. I've been in my home over 6 years and it looks like the owners would like to sell. At this point I don't have the credit to obtain a loan, and the owners have already stated that the loan is u...
Ashish Acharya
LLC doing business in CA when you have LLC in another State
I think this would help to determine if your LLC might be subject to CA LLC TaxThe California Office of Tax Appeals has ruled on whether a Minnesota limited liability company (LLC) was doing business in California and...
Linda S.
House Flipping Financing Options - JV, Private, HML Tax
Hi BP experts,First of all, thank you so much for all the knowledge you've shared. I've read a lot about "passive" vs "active" income and how "passive income" is taxed as capital gain and "active income" is taxed as o...
Matthew Trotter
Terms to expect from private lending?
Does anyone have a good feel for the typical terms and interest rates that someone with great credit (750-799 credit scores) can get if going through a hard money lender or private lender?Specifically, what interest r...
Eric Busker
Subject To & DTI impacts
Question for our lending experts…If I sell my investment property “Subject To”, is my current debt on the property counted towards my DTI until my loan is paid off in full? Are there any ways to structure the purchase...
Bill Kline
Rent/Lease to Own Question
I want to do a rent/lease to own for a prospective tenant and I'm not familiar with the process and structure of the deal. Is there a forum or subject on this matter here that would help me better understand the process?
Rhett P.
Setting Up an LLC
I've tried google and BP but they haven't been my friend on this topic so I'll have to post here. I live in California and I'm starting to do flips all over the country. I want to set up an LLC with an S-corp for tax ...
Garrett Jacks
Seeking RE Attorney/Entity Advice
Howdy,
I've got kind of a unique situation and really don't know how to go about it. I currently reside in Florida and plan to start my wholesaling business here, but in 6 months I will be moving to Texas. ...