Matt Dittman
Creative options for a new, temporary primary ultimately for son
This is sort of a long read and not exactly a simple situation, so I apologize in advance.My current situation: I owned my house outright, until I got divorced last year. I needed to pay off my ex in the settlement, s...
J. Martin
Xmas/Holiday Bonuses/Gifts - Who do YOU give it to?
A lot of people give out bonuses around the holidays to people that wouldn't normally get tips/bonuses throughout the year. Of course, many send out the picture xmas postcard too, but that's a little different.. Wh...
George Dale
Documentation when borrowing private money from family
What documentation do I need to consider when borrowing long term private money from family (30 year amort/10 year balloon)? I am working with a close family member on a loan. There were be no lien's on the property...
Alex Smith
Seed money and paying it back.
Say I find a good deal. All the numbers work out. My father in law pays cash for the house 100k. I then put 25k into rehabbing it. Now I want to pay my father in law the 100k back and try to get most of my 25k back. W...
BJ Butler
Loan repayment going towards mortgage
In the last 3yrs, I have loaned a couple some money that has totaled approx $15,000. This includes cash and items charges to my credit card on their behalf. Yes, we have a contract and I keep the receipts. As we appro...
Kate Batten
Structuring a Deal to be mutually beneficial
Hello! I’m hoping to crowd source some ideas on potential deal options. I’d love your thoughts:
Background: my brother has been renting a house from my father. He has wanted to buy it for years but doesn’t have stead...
Brandon Sturgill
What are the First Five Things You Do After a Property Sells?..
1) Celebrate with dinner and drinks2) Send a thank you letter to the buyer3) Freak out because I spent so much on dinner4) Spend 3 hours revising my business plan5) Visit my CPA
Ann Bellamy
SurvivorOpoly comes to Massachusetts
A cross between Monopoly and Survivor - or maybe it was Clue and the Amazing Race: Clamazue! By the time we were finished creating the game, it was strictly a Black Diamond original. Bring your rehab skills to ...
Gabriel Orduna
Revisiting a previous post
Hello all, I posted previously about a possible deal in the works. My wife’s uncle is selling his house and we would like to keep it in the family. Originally he wanted to sell it for 690,000. Ultimately he decided t...
Aaron Barrett
Loaning Down payment
I have a deal lined up to buy a duplex in Wisconsin. My parents own a few rental properties that are paid off and we are interested in taking out a HELOC on one of their properties and using it to fund the down paymen...