Janice Squire
Cost Basis tax questions for repossessed property
As an "active" real estate investor, I'm looking to establish a cost basis for a property that I owner financed via title and deed many years ago. The owner died and the property conveyed back to me via special warra...
Austin White
Build home and sell
Hi all,I live in Louisiana and I'm looking to buy a vacant lot, build a house and sell it. I do not have my contractors license so I would be "self contracting" the work. LA law allows individuals to build there own h...
Dave Bopp
Is it good practice to have multiple lines of credit in place?
Hey all-During these uncertain times, is it good practice to have lines of credit established for each current rental property owned? On one hand it seems like an effective tool to protect against loss of rent situati...
James Thomas
HOA Board terms
I live in California. My HOA bylaws give the procedure for establishing the terms of office for directors. The first election calls for the drawing of lots to assign terms (two two-year terms, three one year terms)...
Keri A.
deal evaluation guidelines for realtor
I have a new realtor that is interested in helping me identify properties from the mls that could be good deals for rehabs. What are some basic guidelines I can give her that will help her to identify a property wort...
Nandish Parmar
NAICS Code for Private/Hard money lending
Hello Experts, I am trying to open a bank account for my LLC, that is going to act as the Hard money lender for my wife, when she buys a property. When using the naics code 522292 (This U.S. industry comprises establi...
Oren R.
US citizen, never lived in the US - Can i get a mortgage?
Hi All,I am US citizen who recently moved to the US for the first time,I have a 2 properties free and clear that i purchased a year ago,I have been talking to some banks and none of them will consider a mortgage,What ...
Gus Tsesmeloglou
Partnership...How do I do it right?
BP community, I am about to partner up with a coworker on a BRRR deal. Can I have some recommendations on the wisest way to go about it? For example, what is a good form or document to go by or what systems ought to...
William (Bill) Reeves
Working with an investors money
Once an investor wants to participate is the investors money put into an escrow account? I'm trying to figure out how to have access to the investor's funds so when a property becomes available to buy I have the funds...
Jeffrey Lillie
Real estate lawyer in New Mexico for starting an LLC?
I have a primary residence; it’s a duplex with long term tenants in one unit. My wife and I live in the upper unit. I’ve owned the property for 7 years and I’m considering buying a new primary residence. Can anyone gi...