Kevin S.
LLC or Trust to hold investment property?
Hi members,What is the preferred way to hold investment properties? My attorney(estate planning attorney) suggested two options.1. LLC or...2. My JRT (joint revocable trust) that I already have and buy umbrella polic...
Derrick S.
RE Broker wants a WRAP rather than Sub2 - Explain like I'm 5?
I'm not sure about the suggestion of the broker that is selling this property. I requested a Sub2 agreement with the seller (It's in probate, they're just trying to get out without losing money), and the broker said t...
Sandy Uhlmann
Note Newbie: What is a good JV partnership?
I am new in the note business and looking to learn the note business using money from my SDIRA. I have made a few acquaintances from BP and are hoping to JV with them to help me learn the note business. I am hoping ...
Gian Piero Bandieramonte
General Parnership and Inheritance Taxes
Hi,As I understand, the inheritance tax that a foreigner has to pay to inherit a property from another foreigner is 40% from the excess in the market value of $60k of the inherited rental property located in the US.To...
Chris Jones
questions about double closings and land trust
hello everyone, well anyway i'm a new investor and after some research i decided to focus on pre-foreclosures.
well anyway i was told of a strategy that i could use that didn't involve the use of any of my money or c...
Stephen Sokolow
1st Deal Review Question-HELP PLEASE
Hi Group,First I want to thank everyone for the amount of information I have learned in here. Here is the situation. I am a broker in South Bend Indiana. I went on a listing presentation for a tri-plex today. I really...
Karin Crompton
Finance 101: How do I buy this?
Hey all,
I'm looking for some how-to on financing.
I'm part owner of a vacation rental in New Hampshire with a group of family (we comprise 3 families altogether). We're coming up on 5 years of owner...
Tim Soto
Question About Deed & Note for Private Financing (Title/Escrow)
I have a question for seasoned title/escrow company reps or investors, who execute transactions using private financing. I am trying to modify an existing Note and Deed from the originating private lender. Originally,...
Karen Yorski
Newbie's possible 1st (and 2nd) deal. Need help with the numbers
So I just got off the phone with listing agent that I called about a duplex listed on the MLS for $165000. Located in central Connecticut. It's a very middle class neighborhood. It's an "as is" property subject to pr...
Eric Andrekopoulos
When did you set up a Trust?
I've asked multiple people about this and have gotten a variety of responses. Just curious about everyone else's opinion. At what point do you feel is the time to structure a trust for your properties?