Salil Prasad
Forming LLC for Rental property
I have one rental property with passive losses. I do not have any other real estatement investment property but do I plan to invest in REIT and tax liens in future. Does it make sense to convert my rental into LLC or ...
Kyle Milani
Getting into rental arbitrage - with or without an LLC?
I am looking to nail down my first lease in Florida. I currently do not have an LLC yet, it's going to take at least another 30 days. I have found I property that I like but don't feel that it will still be available ...
Edna Salinas
sources of DSCR lending
New to DSCR loan. Does local credit unions do DSCR lending, or one must get it through broker or a loan officer? I am in Phoenix area, any suggestion of good source for that? Thanks.
John Mireles
Walking Away from an SBA Loan?
Has anyone here ever defaulted on an SBA 504 loan. How is it dealing with Colson's Servicing? Did they attempt to enforce the personal guarantee? Was bankruptcy required?
How about a short sale? How was that handled?...
Philip Traynor
New investor from Dallas
Hey Y'all (I'm not really from Texas, but I feel its my duty as a transplant to try to fit in as much as I can),I am an attorney representing mortgage lenders in all aspects of mortgage default: foreclosure, bankruptc...
William Coet
Will Governments Halting Evictions Also Forgive Property Tax?
Many of us are in high tax states where the monthly property tax bill can be a high percentage of the rent, especially on a single family home.
Has anybody heard of property tax forgiveness if tenants don't pay and c...
Alexander F Pollock
Co Signer Addendums?
I have potential tenants that are asking about having a co-signer sign the lease with them because of poor credit history. Everything looks good except their credit from a bankruptcy that's about to come off their rec...
Ohio Alofoje
Paying debt owed on a purchased property
Hello Guys,I am a newbie Wholesale investor!How do you settle the debts owed on a property you purchased from a motivated seller who is behind on his mortgage payments and is facing foreclosure or bankruptcy ?Say for ...
Sandy Reddy
Foreclosure property
Hello Everyone, I am new to BP, Had few question regarding a foreclosure property.
When a primary residence property is in foreclosure proceeding ( current status: the property is awaiting for a foreclosure judgement...
Aletha Brown
Wanting to get started but....Bankruptcy
Hi. I have a bankruptcy on my credit that's been charged off for 2 years this October (2017). That and no capital are the ONLY two things preventing me from physically acting. I know no one who can personally help wit...