Richard Okagbue
Insurance for rentals and vacant properties deeded to LLC
Several real estate properties in KCMO owned under LLC, most are rented already, we typically buy a vacant house, spend 6 or so months to rehab it from top to bottom, then rent it out. Now we have a problem of getting...
Marlon Long
Estimating closing costs
BP, newbie here. I have been doing a lot of practice deals with the different BP calculators. One thing that gets me and maybe it's not that big of a deal but estimating what the closing costs will be for different de...
Account Closed
Are there such things as typical conveyancing costs
It is a difficult thing to try and arrive at a typical cost for conveyancing work. It’s not standard across the board and there’s no scale of rates like you may see your garage print for serving costs. You are not goi...
Rudy Nieves
CPA VS ATTORNEY which do you need more?
So I have a rental property currently under my name. I’m getting ready to move it to my LLC. Should I speak to a CPA or an attorney before making any moves if so which one is more important. Thank you
Mark Matos
Help W/ Title Issue!
Hey everyone. I recently got this great deal under contract and althought everything was seemingly great, the title company is having a hard time insuring the title.Here is how it goes: the deed says that the seller a...
Puri Indah
Buying Duplex, Selling 1 Unit
Hello BP'ers,I have a few questions and hoping you could give me some of the answers, if not all:Scenario:Selling a rental property for $1,200,000 and thinking of 1031 exchange it to a duplex at $2,500,000.Questions:
...
Dan Costantino
Private Lenders proof of funds for REO cash offers
I was under the impression that it was OK to use your private lender's proof of funds on cash offers.
A realtor today told me today I was incorrect.
This is a listed REO property.
Thanks!
Eric Lee
Sidewalk trip hazard repair
Hello,The Mesquite city inspector informed me that at my rental property there's a section of uneven sidewalk that is a trip hazard. I know the city has a cost share program for making these kind of repairs, but they...
Matthew Sexton
Set-up LLC on Your Own or With a Lawyer?
I have one rental property and would like to buy several more. Should I setup an LLC now? How easy is it to transfer the house I do have to the LLC? Eventually I would like to apply for credit with the LLC and not m...
Kurt Kwart
'Subject To' / 'Land Contract' Landmine to consider!!
Say you take over a property Subject To and have been making payments for years. The real owner of the property gets an IRS lien. You get screwed.