My parents are giving up their home to turn it into a rental property. Is there a benefit to quit-claim the cleared home into my LLC other than asset protection? I was considering getting rental insurance to cover th...
I'm borrowing money from a private money lender to close on a quadplex. He mentioned he will transfer the money to my account and not the title company. Is that okay? Also this is my first time with private lenders. W...
Hello all,I am new to BP, and I need helpI am worried about exposing the beneficiary of a trust to a tenant.To whom should the tenant make the check out to, the Trust or Beneficiary?When I open a bank account, does th...
Hi all, I recently purchased a list of distressed absentee owners. (tax delinquent list) While examining the results I noticed that a good portion of the these properties were owned by Trusts who have been in control...
Hi all, I was hoping someone could shed some light on the way to find who the owner of a trust is. Currently trying to get in touch with a landlord who owns their house through a tryst. Thanks.
Hi All,I have done a lot of research on the reasons for getting a trust and have talk talked with my family but wanted to get my fellow BiggerPockets friends and connections opinions. Reasons for:1. pass wealth privat...
Hi all,I am new to the forum but I would like to ask a couple of things about my situation. I am not sure if this is the right place to ask or some where else on this site. Sorry for that.I have 2 rental properties ...
I am considering transferring My personal residence currently owned by Myself and My wife to a trust to benefit my wife and children in the future. I have a 40 year mortgage for $830,000 paying interest currently 2% g...
Hello fellow BP'ers!Hope all is well with everyone! Our family has a four-plex that my dad is looking to give my brother and I to manage and own; so he can focus on getting promoted and maximizing his pension. My bro...
Hi all,I have a friend who just moved to Oakland and is eager to find properties for me. I've not considered pursuing investing there prior to this. Only interested in wholesaling.Thoughts? Thanks!