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I always thought that when you transfer title, you trigger the due-in-sale clause in a traditional mortgage.I see questions time and again from investors who want to transfer ownership of their residential property pu...
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Greetings BP Community,
Was hoping if any experience loan investors could help me out with some questions I came across when evaluation a loan for sale on auction.com
1) Basically, I am bidding for the 1st position...
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First off, I spoke with my CPA regarding an LLC and I'm wondering if she is correct regarding the taxes on an LLC. She stated that if I were to buy and sell a property under an LLC that the entire gross amount would ...
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Feb 2019. Just purchased my first distressed note 2 weeks ago, started foreclosure this week. So far so good, and all the paperwork makes sense. Now it's just a waiting game. Won't know what rehab is needed until I g...
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Hello all,I've been looking at notes as an investing strategy for about a year now, I'll hopefully be pulling the trigger on my first purchase in the next few months. Very frequently we learn that the reality of some...
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Here is a bit of background: A friend of mine and I have teamed up and are diving into real estate. Neither of us have any substantial cash on hand but we both have good jobs and good credit. We’ve teamed up because...
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Hey BP,
My wife and I are under agreement on our first out of state single family property. We’ve established a team on the ground to help us with due diligence. We are looking for advice from experienced investors t...
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....unless you do something about it.
The Connecticut Housing Committee last week just pushed through dozens of "concepts" not even bill proposals. Just concepts which are proposed bills that only had vague titles. ...
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Hi everyone,
I am looking to purchase a piece of property in Philadelphia using a conventional mortgage in my name and later transfer it to a newly formed LLC. A previous post from 2008 states banks won't let you do ...
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Hi everyone. First post here.I've been house hacking on and off for the past 3 years and was ready to make the move to turn my first property into an MTR. Bought half the furniture and then boom, find out my HOA wants...