Darlene S.
Selling Property with remaining mortgage that is in an LLC.
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?
Chad Rohlfsen
Leveraging Farm Land to enter the real estate investing market.
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@ ...
Account Closed
One loan, Two Properties, Two Different Sellers
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...
Keith Sehi
LLC for properties different states
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 ...
David Young
Need a contract with general contractor when doing 203k?
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 ...
Shawn Abadie
2nd position lien-holder / foreclosure issue in NJ
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...
Elaine Jordan
Foreclosure, Pre-Forclosure & Auction Advice for newbie
Hello BP Members, I am a newbie in the central Florida area. I have yet to purchase my first property. I have spent the last several months educating myself on general real estate investing, flipping and buy & hol...
Audley Humes
Indymac Question
We've submitted a complete package to Indymac. They are as slow as they come. We sent over a standard P&S agreement with the addendum attached. They said it looks like we are trying to assign the contract, and the...
Derriel Cribbs
Courthouse Auction -> Bank REO -> Auction.com?
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...
Sean Dougherty
Bank demanding full pay off!!!
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. ...