Nick L.
Lender wants me to transfer title in and out of my name for loan
I was referred to a mortgage broker for a re-fi on a rental property that I own (refinancing out my private lender in to long term financing). Long story short, late in the game, the mortgage broker has informed me I ...
AJ Wong
High proportion of vacation rental and MFR sales are 1031X Exchange Transactions
In reviewing our 2023 production at least 1/4 of all our STR (particularly luxury STR) and multi family sales were the result of 1031X transactions in which the seller sold a like kind property towards a high cash flo...
Rhett P.
How To Find Other Liens on Homes in Tax Sales?
I just got off the phone with a clerk who said that some of the homes on their county auction list other liens such as mortgages on the tax record. However, I cannot find any information pertaining to her claims. She ...
Trevor Sie-Duke
Purchase property in my name then move to LLC
If I have a mortgage in my name and want to move it to my LLC. How would one go about doing so to keep the mortgages in my name low?
Kayla Holbert
Entity-Granted Loans from Lenders
Hi again. I recently read that banks don't allow entities to take out a mortgage loan, specifically LLCs. Apparently, there is a 'loophole' that allows the title to be transferred from the buyers name to the LLC, but ...
KC Zhang
What happens to 2nd position if 1st initiated foreclosure?
I'm looking at several 2nd NPNs for purchase. Several of 1st position holder started the foreclosure process. The underlying assets have enough equity (FMV) to cover both 1st and 2nd. How can 2nd note holder ensure th...
Juan Lopez
Applying as an individual and then transfering rights to an LLC
Hello all:
I was hoping someone here could help me with a current situation. My partner and I want to buy rental properties (single houses) by applying as individuals to get better conditions on the loan (interest ra...
Eric Fete
S-corp for properties: Hard to sell?
Hi allI had several properties in a LLC and in order to buy more my mortgage broker (very savvy guy) had me re-structure/re-characterize my LLC into an S-corp (essentially a LLC taxes as S corp). That way that one en...
Mike B
wholesaling short sales
I never ran into this before so i need help!!!
I have a guy that does not want his property at all it has no equity, vacant, and he is 3 months behind on his mortage and he no longer lives in the state ... it has sh...
Bill Exeter
California's Mandatory 3 1/3% Withholding Changing 1/1/07
California Assembly Bill AB 2962 was approved and signed into law by California Governor Arnold Schwarzenegger on September 22, 2006.
California's current income tax withholding law enacted in 2002 and effective Jan...