Jeff Minser
Buyer participate in 1031?
Came across a duplex I’m about to run numbers on. In the description “owners may want buyer to participate in a 1031”. I’ve only heard of a 1031 but have not done one. How does a “buyer”partake in a 1031?
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 ...
Jake Goehring
Double Close - OC, CA
Do these still occur in CA? I know they happened in recent years, but I haven't heard much about them lately. Maybe it's me...who knows.I'm not talking about that old "simultaneous close" where it was actually only ...
Jonathan Marcus
Non Arm's Length Transaction in Short Sale
Has anyone successfully convinced a Bank (specifically BoA) to accept a non-arm's length short sale? If you have, what steps did you take and documents you submitted?
Thank you.
Gursewak Singh
Purchased SFH thru County Foreclosure
Hello All, I bought a SFH from county Foreclosure sale earlier this month. I finally received Substitute trustee's Deed under my LLC with Trustee affidavit regarding foreclosure which is already recorded in county. ...
Kevin Means
Using self directed IRA for first rental
After doing some research I have a feeling I’m not going to get the answer I want to hear but I’m looking to buy first rental (duplex) in Philadelphia. I’m 24 and the company I work for now was bought out about a 8 m...
Michelle Elsaid
Roomate wants to cancel lease
I have a lease with two people on it. Jointly liable lease. One of them wants to leave because they are not getting along. She is moving out in 6 weeks. She will pay the cancellation clause (3 months upfront) to cance...
Jonathan Lane
Owner Financing Loan Guidance
Has anyone ever done an owner financed loan? If so, what steps did you take for that loan? How did you switch the title over to your name? How do contracts work with this type of loan? Can anyone point me in the right...
Edward Briley
Bought a home and HUD had to sign off on it.
Hello All.Last September I bought a home to flip, and no one can answer this question for me, Hopefully someone here will know. First I paid cash for the home from a major bank that had foreclosed on it. The loan o...
Sandy Uhlmann
Lending Using Multiple IRA Accounts
When combining funds with another IRA for an investment such as being a lender/co-lender for the purchase of property, do funds have to be distributed back to the IRA based on the percentage of money invested or can i...