Tom Gimer
Title insurance yes or no
[True story]Husband (A) and Wife (B) own a property as tenants by the entirety. A dies in the 1950s. Shortly thereafter, B conveys the property to herself as life tenant with full powers, remainder to sons (C, D) as j...
Account Closed
Closing via Quit claim deed? 5,000 deal in Chicago?
Hello everyone, I received a call from a motivated seller for a property he wants to sell in the southside of Chicago. He said he would take 5,000 for a 4bd/2BA property (which I just found out is a 2BD/1BA). He said ...
Amber Dilling
Nervous about wiring funds for hubzu closing.
I've read lots of posts about hubzu on this site but no one actually talks about the closing. They did mention that you should use your own title company, but I already signed the paper saying I would use theirs. I'm ...
Roger Paschal
Real Life Story of an Attorney who screwed up a Subject to deal
I was on the phone a couple of weeks ago with an investor who took the advise of his attorney who was not educated on Subject 2, The investor bought the property a little over 5 years ago, gave the seller $25,000 for ...
Min Kim
Transfer of Home Upon Death
Hey everyone, My parents have currently been in their current home for about 15 years and with my dads health declining, they are concern what will happen to the house. It’s currently only under his name. He wants the...
Erin Estes
How to move out of my personal residence and keep it as a rental and purchase next house
"Property A" is my single family home that my family lives in. We bought it HUD owned in January 2013 with a VA and it has a 3.125% interest rate. It's also got about $60,000 +/- worth of equity in it. I could rent...
Joe Wall
Tax Ramifications of Parents Doing a HELOC or Cash-out Refi for me?
I am really struggling to buy a duplex with conventional loans in my area. I've been beaten out by investors with cash in my area. Since I've been looking for almost 1 year, and put in 5 offers, my parents want me to ...
Derek Scott
Should my business entity manage my SFR that I personally own?
This is largely a tax related question, but if there are other legal or financial or insurance things I should think about, please chime in.We have a SFR that is the first rental unit we owned. We used to live in it....
Terry Portier
Transfer on Death Deed
Hi, if a sibling was awarded a Transfer of Death Deed how do they transfer it to another sibling? Quit Claim Deed?
Jacob Holler
Best way to move properties to an LLC
Hey All - I have recently just bought my 4th property and am hoping to move all my properties under one LLC. I currently have higher insurance on each property to help protect myself but think its best to move to an ...