For wholesalers, here's a way around funds proof requirements on those shortsale/REO deals - IF you know your buyer.
Use a standard Addendum and add him as co-buyer on your original purchase contract. Now you're both...
I was evicted from a home that was in a trust for me no fault of my own. After putting loads of money they are selling. Now I just saw it on the market. It’s my grandparents home and can’t bare to lose it. Please help...
Hi BP,
I've been cold calling mountain communities in my area looking for a short term rental property. One person I contacted told me about the neighbor's house that has been vacant since the owner died and it was p...
Hi all,
I know this probably varies from state to state, but what is the process like for deeding a property out of a land trust? Can it be done quickly? Is it expensive? What kind of costs/fees can I expect ...
I just start looking for my first rental property. At this point, LLC might be costly, so I don't consider to use LLC as my land trust beneficiary.
For the privacy purpose, can the land trust apply for one tax ID num...
We recently formed an LLC and transferred the titles of our two investment properties to the LLC. Also we set up separate bank account, credit card and insurance to keep finances separate as we were told to do.Just re...
I sold a house owned in a land trust. My LLC is the beneficiary and I am the trustee. The proceeds check is written to the 123 Main Street Trust. The trust does not have an EIN or bank account. I am having trouble...
BP community – Hello, this is my first post.I currently have a prospective deal on a SFH financed with a VA loan in the Coachella Valley of Southern California. The deceased was a veteran who had placed the property i...
I have two questions that I cannot find definitive answer to. If you have similar structure or a professional and know how it works, please explain.I have a property in Trust. The trust’s beneficiary is an S-corp owne...
I am getting a little frustrated when the trustee starts to randomly postpone the sale of properties without my knowledge (me meaning the beneficiary). I'm just going to start being my own trustee and posting and the ...