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I have recently found a foreclosure property and am in the process of getting Proof of funds and my down money together. I have been trying to figure out a way to fund the project without running into any tax proble...
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Hello,I'm in a situation where my brother is looking to get rid of his house entirely, and I am looking to acquire it from him. The house is particularly appealing to me due to the low mortgage rate that he got in 202...
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Dear BP,my RE attorney would act as Trustee but he doesn't feel comfortable enough to set up a trust deed etc. for a land trust which would own an (existing) LLC as he's never done that before.The US States involved w...
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Investment Info:
Single-family residence buy & hold investment in Napa.
Purchase price: $405,000
Cash invested: $85,000
2bd/2bth townhome on a private street. Painted interior and kitchen cabine...
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Greetings! I have spoken with a lender who says it is possible to use 401k money to fund a home purchase. Spoke to my 401k custodian and they weren't sure of the exact details of doing that. I'll need to look at all t...
I need to take rental property out of my name and move to LLC . I called my current Lender and they have informed me they do not Lend to LLC ‘s I believe I have read somewhere that most banks will not carry mortgage ...
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Hello BP colleaguesI live in Southern California and from what I hear series LLCs are not recognized by the state of CA. I’ve also read (various sources) that it’s a good idea to create a separate LLC for each investm...
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Hello!My wife and I are jumping in head first into a new real estate plan and I'd love some advice on how to property structure our endeavor. We are going from a pretty normal living situation, to a MUCH more complica...
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I know the topic of LLC or not has been discussed more times than I can count here a BP, so I hope this discussions does not become a debate of whether or not rental property should be held in an LLC. My particular qu...
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I'm interested in making an investment on an apartment complex. The tax records say that it is owned under a trust. The last time it was sold was 1984 and the previous owner has no record of who he sold it to 25 yea...