John Divine
Curious about purchase option agreements
Hey BP, I'd like to learn more about a purchase structure I don't hear about often: just a straightup option to purchase or purchase option agreement (NOT a lease option). In my mind, the agreement would look loosely ...
Account Closed
Hard Money Lender Questions
Hi.I'm working on my first official rehab project, therefore, I have not established private money lenders at this point. I have purchased the property with my own money and am talking with a hard money lender to fi...
Javier Molina
Mildly complex structuring for multiple properties. (LLC, Trusts, Multi-state)
So I am military, originally out of CA so it's my "home state"/residency but very easy for me to change as I am stationed out of CA and have been for a long time.I own several properties in CA and one in WA. I had a c...
John Slater
Foreclosure Fraud Prevention Acts... how serious are they?
I keep seeing posts about "you should be careful" and "you can get in a lot of trouble" for working with homeowners in foreclosure.I hear people say "some states have laws" to protect homeowners in foreclosure, and "E...
Jim Fell
Private Lending Certification--Seriously?
I spoke with my attorney this afternoon, and he told me that Illinois is about the pass laws that will "crack down" on self directed IRAs and require private lenders to be certified. Has anyone else heard about this?
Gina Tavizon
Helping sellers in a buyers market
Although there will probably be plenty of opportunities for investors in this rapidly changing market due to the impact of COVID-19 and I like opportunity just like the next person, I would really like to help sellers...
Harold Eddie Owens
Owner financing regulations
Is there a type of license that you need to have to be able to do a owner finance for homes or mobile homes? If so what license is that?
Patrick Jacques
Home listed as "off market"
A lot of homes that I have had an eye on on the internet, end up going "off market". What would be my best course of action to obtain the property at that point? Or is it even worth pursuing? Thanks!
Brett K.
How do you secure a loan against an estate?
I'm trying to sell a property to a buyer who wants to pay cash but the $$ is tied up in an estate. The attorney will not allow her to put a mortgage on a free and clear house and he won't disperse any money until Feb...
Stan Hrincevich
HOA Manager Licensing Empty on Content and Enforcement
HB 13-1277, requiring HOA property managers (PMs) to be licensed by July 1, 2015 has fell victim to special interests. As implemented, the law has turned into more of a fees collection, license testing and issuance b...