Jonathan New
Providing up front cash for hard money
I am working on first deal, so newb alert. I am looking at cheap houses (<$60k purchase) in the Hampton Roads area of VA. I have very little personal cash to put up. Would a HML care if I used a personal loan fo...
John Free
Clearing the mind of distraction and doubt
Hope everyone is having a great start to 2014......
The last quarter of 2013 was rough, lots of personal things that threw my mindset and activities off track. There are things I go through to make sure my m...
Nicholas Zumwalt
Can you claim primary residence income
I currently have my Business under lease for the portion of the house that I use and my baswnt rented out. With both incomes the mortgage on my primary residence is covered and I have a positive cashflow.
My questi...
Cate McConnell
Background checking commercial tenants?
Hello. We're small landlords with office condos. Has anyone found a great service/tool to background check commercial tenants? Cozy and TransUnion SmartMove are fine, but are for residential tenants. Appreciate sugges...
Karla Barbacena
Newbie - Is registration of Business required?
I am a newbie in real estate. I am planning to buy my first investment property this year. Before buying, would you recommend to incorporate and register my business in the regulatories or can I just buy it and the as...
Brian Fosmore
Land contract on apartments, 5yr balloon, new to investing.
I'm currently managing a small apartment complex, and the owner has offered it to me for below market value on a land contract. Roughly $240K value, LC would be $200K with a 5yr balloon. Balance due in 5 years will be...
Evan Swanson
Best business entity for renting out an owner-occupied duplex?
What is the best business entity for people seeking to buy a duplex as their first home and rent the other unit out? The property will be paid with by residential lending products and personal money, but how is the bu...
Nathan Conant
Seller Financing and 1031 Exchange
A landlord wants to sell her single family home to me on Seller Financing. However she wants to 1031 in a few years into a 55+ condo community. Would this solution work?1. She seller finances to me this year with a...
Corey Duran
How do i pick a bank to use for my new real estate L.L.C?
I recently established my L.L.C. To begin my journey of real estate investing and rental properties! However, I do not know what BANK to use! I am a Veteran and I was thinking of using Navy Federal or USAA for my busi...
Brian Kempler
Sell interest in a land trust, evict upon default?
I've read a Land Trust book that said Land trusts sell or assign beneficial interest, which is personal property. Which means upon default of the sale you do not have to foreclosure, may may take non-judicial reposses...