Jesse Johnson
Bank requires signed permits and works plans for draw?
*Please forgive any vagueness and/or misuse of terminology in the story below, as I am just the tech guy, and don't follow the financing or permit rules. An offshoot of our partnership has decided to try a few houses...
Eamon Conheady
Do not use this lender!
I was purchasing a multi family through an IRA LLC and was utilizing debt to finance it, requiring a non-recourse loan. Was given the contact info for:American Money Loan Services and the person’s name, Tom Vanderlaan...
Andy Acosta
Business HELOC on personal property ??
Hey BP, this may be a dumb question, but can my LLC take out a HELOC on a property that is under my personal name? Or can I only take out a HELOC under my personal name since the title is under my personal name and no...
Account Closed
Liens
Hi!We have a seller that wants to sell their rental that was intended for a flip. It was purchased at an HOA auction and he now knows there's a lien on the property and wants out. If we purchase the property (has grea...
Shannon Carlisle
Tennessee foreclosure/probate process
Hello, can someone provide some links to information about the foreclosure process in Tennessee? Also, links to information to the Probate process in Tennessee please.
KC Smith
Complex Investment Situation
We are a US based company and we are exploring buying a facility in another country in order to reduce our costs. Does anyone have suggestions on the right approach for securing the property outside of simply setting...
Christopher Murphy
Rental Arbitrage for Short-Term and Mid-Term Rental
Good morning all!First off, I am 24 in the DFW, TX area. My interests in real estate are house hacking, creative financing (Subject To, Seller Financing), short-term rental, and rental arbitrage. I have a baseball coa...
Michael Dunn
Claiming Rent money as ( Income ) ... how soon ?
Good Afternoon,I have a situation that I'm sure is not all to common , which is a bot why I'm confused as to what to do / my options areA quick rundown of the scenario at hand .....The property I have is a " second un...
Carlos Rodrigues
6 Months in Advance in Rent
Good evening! I have a unit for rent and I came across some potential tenants that want to rent the property. They keep calling and stoping by the property to talk. My only concern is that they are undocumented, an...
Alvin Pereira
Buying as an Individual - Transferring to a Business
Hi my BP Family!
I've heard a few times that you can't buy/mortgage a house as an individual and then transfer it to a business. The primary reason one would want to do this is to get a mortgage since most banks won...