Shawn Jacobs
Negotiating with the bank when buying a foreclosure
Hi Everyone, Being new to BP, I thought I would dive in and get involved! One of my previous jobs, before I traded in my dark cubicle and handful of sick days, was as a supervisor of an REO Department, for a large Ban...
Daniel Yoo
Sale/Leaseback
BP Nation, I heard about some lenders doing a sale/leaseback on commercial property. I heard that some people do this to tap into the equity in the property, others mentioned that it's mainly a tax liability decision...
Carmen Chow
1031 exchange on parent's house with title under children's name
Hello BP members! Here's the situation, My parents currently reside in a single family house (Title was under my parents name originally and was changed over to me + my 2 siblings 9+ years ago). My siblings and I don'...
Jef A.
Setup for my first rental.....
i have a single family house that i own completely with no mortgage. I am moving into a new house with a mortgage and would like to rent my old house and use that money to pay toward my mortage on the new property. wh...
Chuck Rhodus
THE MORTGAGE IN MY NAME VERSES THE LLC
Please help me with advantages/Dis., pros/cons on buying my first triplex (150K if it matters) and putting the mortgage in my name compared to the LLC. I have been told the loan costs are a lot less and then I can do ...
John Carr
New house hacking, need lease advice for FL
Hey all,Just got my first house hack in Orlando. I downloaded the FL lease agreements from BP but I am still a little confused and could use some help.I see a Residential lease agreement Florida containing fee in lieu...
Ali Samana
Owner Finance!
I have a seller right now who wants to sell his house for 30k. This price works for me, because I could probably put in 15k in the house and sell it for mid 80s. He also agreed to 15k down and the other 15k in 6mos,...
Adam Widder
Clairification on when to form LLC
On BP, the podcast and many "starting out" discussion I've read or been told that when you start owning rentals for your first few properties it's okay to have a large umbrella policy for asset protection. However, o...
Bobbi Casalino
Brooklyn 2-3 unit transformation
Hi. I’d be grateful for some insight on a current purchase. Im planning for 200k Hard costs on a $1.5 ppTeam/Planning/Construction
I want to avoid having to acquire permits as much as possible to transform a 2 fam to...
Bryan Fried
Connecticut RE Lawyer
I am about to make offers on 2-4 multi-unit properties in the New Britain/Bristol/W Hartford area in CT. I work with a partner and we were looking into whether or not we should use a RE attorney to review the contract...