Kenneth Burdick
Using HELOC for down payment
Hi BP community,
Our current primary residence has a first-position HELOC. We were planning to use funds from this account to purchase another home, but the lender is having an issue with us “using borrowed money for...
Trellis Alexander
Basics, terminology, seasoned investor interact please.
Seasoned investors, and of course anyone that has knowledge in real estate. Can you guys think of as much real estate terminology you guys know. From the basics like hard money lenders, different loans, to different r...
Zac Starr
Please suggest a sales agreement
I have a cash buyer for a 1972 mobil home that has not been converted to real property on a 0.4 acre piece of property. I am selling only the land and the mobil home will be included with the sale. What sales contract...
Rodolfo Cordova
New to wholesaling. Seeking advice
Hello, I'm from Laredo Texas and I'm looking into real-estate. I've seen videos on wholesaling on youtube but the majority are trying to get new people to buy courses and probably have them work for them I'm not sure ...
Victoria Janis
Seller Finance Transfer of Note
Hey all, My brother in law had a home seller financed. He offered the note to his father (my father in law), for sale and Dad bought it. I take care of issuing 1098s for these few properties. I assume I issue one 1098...
Robert Ruiz
Self directed IRA
My mother in law is interested in using the money in her IRA to invest in RE. She asked me about a self directed IRA.
Does anyone know someone who could help her with this?
Thanks :)
Account Closed
Need help finding a second lien holder
Hello all. My client is selling her home but having challenges finding a 2nd lien holder who popped up during the closing attorney’s title search. She thought the 2nd lien was stripped during a chapter 13 but was not ...
Ryan Toffer
What are the limits to helping someone sell their house?
What are the limits to someone helping the seller sell their house without a real estate license? They are not interested in working with an agent, but just want to sell by owner. There are a few things that I can do ...
Ryan Milliron
Invoice form for repairs of property after tenant moved out
Hello first time time landlord. Long story short-old property manager is holding onto the security deposit and said we have one week to send her invoices for the repairs to get the money. Does anyone recommend a goo...
Justin Klein
Accounting - Income Statement Question
Accounting Question for you CPAs.So I recently purchased a rental unit and am just starting out. I have one asset (single family home). I do not use any accounting software at the moment as it is just one unit. It ...