James Denon
How to approach a seller for zero downpayment
I am interested in a 8 family in Springfield Massachusetts. It is an off market deal. The seller is willing to do seller financing with a reasonable rate for 70% LTV.I would like to offer him this: I will get a loan f...
Mike T.
Advice on getting REO offer accepted
My partner and I have flipped 3 properties during the past 8 months. We have found the best deal to date listed on Wednesday for 206,000 with an ARV 400k+. The property needs a new roof, two ceilings have severe wat...
Barrett Anderson
Finding the owners to abandoned homes
Hey I have heard all the time to look for houses that have super long grass and overgrown shrubs because that would indicate they are abandoned. So my question is how to you go about finding who owns the property and...
Ken McGrew
Revocable Trust and LLC as beneficiary in Texas
I have been researching revocable trusts and came upon this interesting presentation that advocates use of a living trust in conjunction with an llc as the beneficiary:http://andersonadvisors.com/wp-content/uploads/20...
Jeff Wang
Pay off debt tax-free in 1031 exchange
Hello,Many years ago, my family helped me purchase a house and gave me a portion of the downpayment. Fast forward to today and I've made a nice profit on the house. I'm currently in the process of doing a 1031 exchan...
George Chung
Is my CPA charging too much for filing Umbrella LLC?
Hello Guys,I have an umbrella LLC in neveda and I have 9 properties total that is included in this LLC. My CPA just billed me for $4650 for Tax preparation for management LLC. Isn’t this too much?Thank you in advanced...
Megan Brooks
Discrepancy between building dept and tax dept
Has anyone had an issue where there is a discrepancy between the building dept and tax dept in town? 1 is saying my house is 3 units and then other is saying 2 units. Building department has no documentation to back t...
Account Closed
Selling house with a financed roof that has not been paid off yet
I've been playing with the idea of selling my house, and I'm sure this is a very basic question but I was not able to find any answers on the BP forum or on Google.Last year I got a 10 year loan to finance a roof repl...
Jimmy P.
Foreclosed now want cash out refi
A close friend of mine lost her house in the fall of 2010. She now owns two homes outright and has had the same job making over 50k for 7 years. She has tried to find a way to pull the equity out of the homes so ...
Matt Overbee
Activating Utilities in Buyers name?
Hi all,I've been trying to prep to purchase one of these Hubzu auction REO properties. Finding a lender that will close without turning water on (hubzu policy) has been challenging to say the least.I read somewhere ab...