Bryan C.
Can I change the LLC a rental property is listed under?
If I decide I want to change the LLC that a rental property is under....can I do that? If so, how? What concerns should I have?I ask because I might need to buy a property under a LLC and transfer the property after...
Aidan Birmingham
How to structure monthly payments before a balloon payment
I am closing a seller financing deal but am confused with how monthly payments are split up between principal and interest. How do I determine how much principal is owed at the 10 year mark for the balloon payment? I ...
Chris Chesser
Delinquent taxes question
As I was running a practice analysis on a multi family property, I came across a situation in which property taxes from 2016 have not yet been paid. The current owner of the property is listed as a trust, and the mail...
Eric Knittel
Tenants abandon property. Do I evict or move on?
Hey everyone, I have a home in San Antonio that tenants have abandoned and not paid this months rent (there are 6 months left on the lease).
I’m curious to hear from those who would consider legally evicting the tena...
Loretta Murray
How do we make our borrower pay us back?
Several years ago, my husband and I used the majority of our retirement savings to make a private loan to a real estate developer for a single family home development in a very popular part of town. Years later, there...
Venu Vedre
Lending money to a General contractor
Any thougths are appreciated. Here is the background:
Background:
I met a General contractor a few years ago through a local RE meetup in Charlotte NC area. I have seen his work onsite and He is very good at what he...
Mark Beekman
Opening Home Equity Line of Credit Good for My FICO?
I have a current FICO of around 740. I have a consolidation loan with a $9,000 balance, a car lease, and two credit cards. I realize that opening a new line of credit hurts your FICO in the short term, but I'm wonderi...
Charles Willie Harris
How to handle double Probates?
I’m working with a guy and his girlfriend.The girlfriend’s brother passed away last week who inherited a house from the mother who passed away 3 months ago. So both of the previous owners died back to back in the last...
Wilson Lee
I won the eviction case. But the Tennat can pay. Options?
*Tenant Spellcheck is a blessingI have a 4 unit building full of tenants I inherited. One Tenant is in her late 50s and often pays 15 day late. But all ways paid. This September she slipped up and failed to pay. ...
Al Kirk
Mortgage Note Arrears
For the experienced mortgage note buyer....My question has two parts:1.If I am purchasing a non-performing note do I add the arrears as fees to collect from owner when modifying the original note?Just a scenario:last ...