Mark Perrill
Bankruptcy--Why would a debtor sell me their house?
I have access to a list of debtors who declared BK. The house was protected by the BK initially but the court is going to remove the house from the protection of the BK. Before I spend time and money marketing to th...
Andy Nowak
General Contractor Did Not Pay Sub Contractor
So I have issue full of rookie mistakes. I added a second bathroom and got all the permits pulled. The electrical inspection was complete and we closed the walls up and finished the job and paid everyone. This happene...
Brin Dillon
Sell current home for 100k to reinvest or cash out refi?
I currently have 100k in equity in my home that I live in. I’ve been contacting several different banks and lenders about a refi, but since I’ve only had the home for 3 years, I haven’t paid the mortgage down much. It...
Joseph Humphreys
Moving Personal Property to LLC
A family member has bad credit and around 380k of debt he needs to pay off. However he only owes 150k on his mortgage and the house is worth anywhere between 750k-850k. Is it possible to start a LLC with this family m...
Evan McNally
First Rental: Triplex
First I’d like to say I am new to this. I am 25 and eager to build some passive income! I just recently made an offer on a triplex and the offer was accepted. I am closing on this the 21st. I bought the property from ...
Tyler Brown
Decision Advice: Sell Vs Hold
High level decision making question: how do you decide when to sell/1031 vs hold?I have a Vegas 4 plex that has appreciated and cash flows well. Purchase price ~$425k, owe ~$320k, PITI ~$1600, rent ~$995 per unit. Sim...
Joseph Hammel
Minnesota rental assistance payments.
Hi, I have a simple question. Have any Minnesota landlords received any payments from the latest round of rental assistance payments? I'm referring to the statewide system "renthelpmn.org"
Tim Lewis
Bad credit Cash Out Refinance
Hi all. I was wondering if you could give me some advice on what I can do in my situation. I've rehabbed a home in Fort Smith AR and currently have it on the market. My credit score is shot due to falling behind on di...
Gina Lowe
Self directed ira to buy currently owned properties
I'm wondering if there is a legal way to use a self directed ira to buy a PROPERTY I CURRENTLY OWN THROUGH A LLC? I could retire the mortgage if so.
Colin Paulino
My best Cash Out Refinance amount for first rental
I’ve been increasing my financial education and now I’m working out the best course of action using a cash out refinance to purchase my first rental property.My house was purchased for 200k and is now worth 400k. I o...