My father and I purchased a property 2 years ago cash. At the time of the purchase the property was deeded solely to his name. I would like to now transfer the deed to an LLC, in my name, while doing a cash out refina...
Hello BP members, We (two partners) are planning to purchase a cash flowing rental property under an LLC. From what I understand, LLC can be elected to be treated as 1. disregarded entity/partnership for pass through...
Hi I own two properties of roughly equal value with my sibling. Each of us own 50% / 50% of each property. What's the best way to swap ownership so that in the end each of us own 100% of one of the propertys? Is there...
Hi - I'm evaluating a property for purchase in the City of Champaign, IL (Champaign County). The county falls within District 4 and so there's a reassessment scheduled for 2019. I previously spoke with the assessor wh...
Does anyone have experience with facilities to rent or buy that are approved by city/county to have a cannabis grow and the process behind it? I am looking to refer to a person who can answer these questions properly....
There's so many options for people starting out with no or low credit. For those with no or low down payments. What about someone with some experience in house hacking (just sold my first tri-plex), high (read: old l...
I am starting a partnership with a friend where he found the deal and will do the work, while I put up all the money. The issue is he has to initially buy it in his name because he is doing a shortsale. How do I prote...
Folks - if I buy a property today (pre-marriage) with a large 30% down-payment, will this down-payment be protected in a divorce settlement 5 years down the line? After getting married in 6 months, I'll be adding my w...
I have a house I rehabbed last year and is rented out. I have a buyer willing to put 20% down with owner financing. I will have my lawyer write the paperwork when the time comes. My question is, how do I know they are...
I am a real estate professional. (not passive activity).. I file jointly with my husband who is a doctor and has high income (500k/yr). I have LLC's for mostly flipping properties. I have only 3-4 rentals in my 3 ...