Don Drummond
Commercial Listing In Growing Community Where Seller Has No Money
I'm a realtor taking a commercial listing where the buyer wants to give up equity to a speculative investors or partners to build out a higher market value property. He has architectural drawings, but doesn't have the...
Michael Clemson
Newbie pre foreclosure question
if a home went into pre foreclosure 1.5 years ago and the sale is in 2 months, and the home is worth $130k, and the owed amount in the filing is $50k, what's stopping me from finding the owner and buying it for $80k s...
Kent Harris
Divorce Issue
Found a property to purchase, the Husband divorced 12 years ago and the property is still in the Husband and wife's name. Technically the property is no longer the Ex-Husbands. His name is still on the dead of trust a...
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"