I have a house under contract (Lakeland, FL) that has an attached MIL suite/efficiency apartment. I plan on renting the apt to offset the mortgage.The place needed a little work (fix up one room, new floors, putting ...
Hello all,
I'm a member from AZ, but have a brother in NJ with a complicated issue. Small house, $6000 left on mortgage with 1st bank. Equity line of credit with 2nd bank. Brother doesn't want the house any longer...
Can someone sell a rental property quit claimed to an LLC, while mortgage is in personal name? Would it be necessary to transfer back to personal name? Does it complicate matters when planning to do a 1031 exchange?
Hello, New to this world and recently inherited about 700K in farmland. I plan to start leveraging that land to pick up some properties. Plan on using Farm Credit for line of credit @ 3% rather than a regular bank@ ...
So I'm under contract for two different properties that each have separate sellers (both parties unrelated completely). Since one property falls below conventional loan minimums (75k is usually what I see as a min) an...
I currently have a llc in Illinois but will begin construction for a str on kentucky lake. Can I put the kentucky property in my illinois llc or form a new one in Kentucky. I currently don't have anything attached to ...
Hi neighbors!I have purchased properties exclusively at courthouse auctions, and had good success with them. Recently flipped one of them for a nice profit and began looking for the next. There was a favorable propert...
Sorry for the long story but want to make sure to paint this picture somewhat clearly.I am the buyer in this transaction. I have contacted home owner in default and worked with them for months to purchase their home. ...
Hi my BP Family!
I've been wondering how I can go about loaning funds to my own company as an "investor" although I'm also the owner. Essentially, as an individual I go get a personal loan. I loan the money out to m...
I have a client who pulled a second mortgage a few years back. But the bank did not record the lien with the county, or city or whoever handles that. The bank claims that since it was not recorded with the county, the...