Patrick Loshek
Transferring my primary residence to an LLC
Hello BP,I am about to move to another state where I will be buying another house. I would like to transfer my current primary residence to a LLC and rent it out. I currently have a mortgage on the property and do not...
Daniel Mendez
Subject-To vs Wrap Around Mortgage: HELP
Good evening BP,Can someone help me clarify what is the difference between a Subject-To vs a Wrap around mortgage? I've definitely done my share of research but I am trying to see if everyone has the same definition o...
Rob K.
Brokerage account from Self-Directed IRA
My current self-directed IRA custodian does not have a brokerage account option. I have a self-directed Roth IRA that owns real estate and invests in notes but am considering diversifying into a brokerage account. As ...
Steve K.
Anyone Else Fed Up With Loan Servicing Companies?
There must be a lot of trading going on in the secondary mortgage markets, because so many of our loans have changed hands recently and it has been super annoying. For example one of them has switched several times ju...
Carol Donaldson
Horror story - self directed IRA. Any advice?
All,I am baffled beyond belief about a continuing critical issue with a self directed IRA I've opened. I won't share the name of the company in this post, but you can contact me directly if you would like to know the...
Eric L.
Underwriter not accepting proof of payment
So in 2013 I was able to buy the house I was renting for 32k cash. Today, working on buying another property. Wanted to go FHA with this one, but might possibly need POA to sign at closing due to the possibility of be...
Cynthia Hartley
Quit Claim Deed for Washington, DC
I purchased a SFH as a rental in my name. After extensive renovation - which will be presented in another post at another time - I got the house rented and now wanted to put the property into an LLC. However, I could ...
Jack B.
Transfer of tenant deposits to me once the deal closes?
The sellers agent/property manager told me that they would provide leases and such from the current tenants upon closing and would transfer the money from tenants deposits (they didn’t collect last months rent) from t...
Guillermo Lara gonzalez
When buying a fully occupied property who pays back deposit?
Sorry if this is a newbie question but I’m looking into buying my first property soon and I was looking at some multi family properties and a thought hit me. When the property is fully rented and I buy it and a tenant...
Nick Hill
I don't trust List Source %Equity
Ok, so I'm building an absentee owners list is a small affluent college town. The number of undefined leads in my geographical area is 38K. I whittled this down to about 3,000. I then added 40-100% equity and I get ...