Ken McGrew
Revocable Trust and LLC as beneficiary in Texas
I have been researching revocable trusts and came upon this interesting presentation that advocates use of a living trust in conjunction with an llc as the beneficiary:http://andersonadvisors.com/wp-content/uploads/20...
Geoffrey O'Brian
Curious 1031 Exchange Question about Basis & Depreciation
Hi smart people,I have a tax-related question about figuring depreciation basis on a new property received in a like-kind 1031 exchange of rental properties (3-unit for 8-unit). I live, and the buildings are in, Los A...
Taylor Cook
Transfer into LLC- Warranty of Quit Claim?! Help!!
Hi everyone.
Getting ready to close on our second investment property in Colorado. I was told by my closer today that she cannot Quit Claim the Deed into an LLC, but said it would have to be a warranty deed because ...
Dan C.
Purchasing a home through contract from a family member
Hello - I'm in the process of purchasing my first Single Family Investment property and I have a few questions as to how to go through with the purchase -- My Father has offered to be the bank as I don't have 25% down...
Steven Holt
Accounting for all expenses
Hi, Pretty new to BP, I want to share some ideas about due diligence and hear feed back from the community.
Here I will show a list of all expenses and rates that I am currently considering for Single Family Homes,
...
Lisa Bognuda
HOA Notice of Trustee Sale In California
I want to thank anybody who responses in advance. I have read many posts on HOA NOD, NOD Liens and Notice of Trustee Sales, but haven't still seen a definite clear answer to my potential investment on a HOA Non-Judic...
Jennifer Talcott
Um, $42k lien? Really?
A little upset right now so this is a little bit of a rant and (another) warning to investors to do your due diligence on properties before you buy them.Just got the lien search from the seller's title company today o...
Katie Hawn
Is commingling a concern when returning a security deposit to a tenant?
As a landlord when I have new tenants, I have been careful about receiving a security deposit as a separate form of payment from any rent and depositing the security deposit in a separate holding/escrow account. Now ...
Darrell Crosgrove
Closing costs -- HOW MUCH???
Got a question -- have a family member who is looking to purchase a rental from someone she knows, and is seeking to refinance her own home. Her lender is supplying terms for the rental property which... simply put I ...
Account Closed
Are there such things as typical conveyancing costs
It is a difficult thing to try and arrive at a typical cost for conveyancing work. It’s not standard across the board and there’s no scale of rates like you may see your garage print for serving costs. You are not goi...