Harry Perrette
1031 exchange between 2 LLCs I manage.
I searched the forms but didn't find the info that I am searching for.We are selling a piece of property for 850,000. We currently own a building that has a loan of 325,000, with a recent appraisal of 400,000. Both of...
Eric Johnson
Advice needed, buy property and hold until I sell mine
I own a $250k long term rental (10+ years nearly paid off). I would like to sell via 1031 and use proceeds to buy a $500k property I have identified to avoid capital gains. The issue is the seller of the $500k propert...
Ramy Barsoum
Virtual Wholesaling Contracts
BP family, I need your inputs here please.What kind of contracts or agreements you, as Virtual wholesaler, do with another wholesaler for your JV ?Basically, we work as follows..I'm virtual wholesaler, I do the market...
Daniel Pena
What to do about contract issue?
Hello BP,
I have a property under contract and everything was moving along smoothly until my bank notified me that the property was zoned commercial and they would not lend on it. No big deal as I was still within my...
Karan Shah
title lender insurance
I am looking at the closing cost for a 480k loan (purchase price 600k )and its coming to around 10K of which 2.5K is for title lender insurance which I find to be on higher side. I believe this can be purchased via a ...
Gabriel Gutierrez
Property Management Agreement with Same Landlord Owner
I own a few properties and want to enter into a management agreement with my LLC. Does anyone have an agreement for this type of arrangement where properties and management company are owned by the same party?
John Suralik
How to Change a Lease Mid-term
Two months into a lease, the couple renting the home is separated and have starting the process to get a divorce. One of the tenants want me to reissue a lease without the other person. Both individuals have good payi...
Hugh Jameson
Need to know how to handle a tenant moving in/out mid-lease
I have two tenants for a condo.each paid half deposit/1st month etc..1 tenant personal situation has changed and he is considering leaving mid-lease.the remaining tenant has a partner who is willing to move in as a re...
Sean Dezoysa
Using a service as consideration (instead of cash)
John Schaub says that considerations don't have to be in the form of cash; they can be a service. He says if you're optioning a property, you may want to make your consideration an "initial house cleaning" or some oth...
Wai Fung
Funding a LLC
Does anybody have any experience with funding a LLC? Say that I open a LLC in XYZ state and fund it through a third party. The third party will receive a return of course. I want to use the LLC to have the capital to ...