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We are getting ready to move from our home we have been there 7 years and are looking to use it as a rental. My question is can we sell it to our LLC and use the profits to purchase our new home, or will it reduce our...
Hey BP, I'm going to be brief here. I'm planning on purchasing a primary residence in Cleveland, OH between $85,000-$100,000. I would then get a hard money loan, $10,000-$20,000, to rehab/update the home. Can I the...
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Me and group of friends who want to get into learning how to flip wanted to partner in a residential foreclosure deal. Not sure how to determine profit split since the roles of each person is different. Investor A and...
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I found some REOs and when I was backtracking the title (through the assessors website) I found that the proeprty changed hands several times in the space of 1 or 2 months time. Some of the deeds that were recorded we...
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hi, I am looking for my next purchase to be my personal residence and am looking to see if anyone has used quicken loans before. Looking to see what the experience was like with them. Thanks,Steve
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I am looking at a 4-Unit home in Sterling, IL, it is zoned as a multi unit. The asking price is 84,900. I have looked on the MLS and various other sites zillow, trulia, ect... there are not really any comparable sale...
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I am getting conflicting advice (from RE attorneys) on how to structure the ownership of this deal. I would greatly appreciate any advice you pros can offer (I understand it's not legal advice.)
Here's the situation:...
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Hey BP!I've had what seems to be a great opportunity for purchasing a vacation rental fall into my lap. This rental property is a condo in Pentwater, MI with an included boat slip that has less than a 5-minute boat r...
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Hello BPers,One out of many great things I've learnt from reading bp posts and listing to podcasts is, to be cautious when coming to inheriting tenants from previous owner. This is something I need your help by analyz...
We acquired two vacation rental this year and hired a property manager.My husband is on long term disability, but he has done substantial work to acquire and set up the rentals. The work is all behind the phone and in...