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Forgiving Past Due Amounts
I have a question I need some help with from the more experienced Brokers, Mortgage Bankers and Real Estate Professionals in the forum.
I have a client that is considering purchasing non performing notes from some of...
Janice McBride
Real Estate IRA problem with rental property
This is a Real Estate IRA issue. I have a rental property in Florida that has become unlivable due to poor property management by a local firm. There is not enough cash in the IRA to complete needed repairs which ar...
Timothy W.
Take Stimulus Money - Can't adjust and/or Foreclose?
I've been out of the loop more than I thought but just talked to a developer and heard of this where banks that take stimulus money can't follow through on foreclosure and/or adjusting up ARMs? Anyone hear anything a...
Vijay Jain
Lending to LLC where I am 25% partner
Hi Lending gurus,I am working on some remodeling project where we need 50K and I want to lend that money where I am also 25% partner.My questions: I think I can prepare a promissory note and get it notarized and get ...
Larry Cersosimo
Thoughts on investing in mobile homes
Has anyone had success buying and renting mobile homes in a trailer park
Account Closed
Better to buy property in LLC or my name with personal umbrella insurance?
Hello,
I am trying to buy my first duplex in Florida and am close to closing. I am very concerned with personal liability in case someone gets hurt on the property.
It seems like I have two options for insurance:
...
Austin Snyder
How should I approach this Commercial RE lead?
Happy holidays BP family, I have a unique situtation and wanted to see if someone more seasoned might have any advice on how to approach this. There's a plot of land that I've found which is owned by a company. The la...
Account Closed
Having to pay back student loans in 1 year and getting a FHA loan
Is it smart for me to get a FHA loan right now when I will have to start paying back my school loans in exactly 1 year? I will owe almost $28,000 in student loans and I want to invest in a multifamily property soon (...
Neal Daftary
Series LLC vs LLC in Texas - Need Guidance
Hello, I'm planning on purchasing property in the next couple of months. I have read about Series LLC. Needed advice and guidance on if I should initially start with a Series LLC or do a traditional LLC for each prope...
Bill Gulley
Why Bill Gulley harps about financing!
Here is an example of how things go wrong even if the "investor" had good intentions!Ex-financial advisor from Springfield goes to prison for Ponzi scheme
By edited news release from U.S. Attorney's Office for Weste...