Can a relative of a deceased person who had a reverse mortgage sell the property? Is there something to look for in the contract language or is it pretty much a dead issue? No pun intended.....
Good afternoon! It's been a couple weeks since I've posted. My rental property is now cleaned up and I've had 2 showings with another set for tomorrow. Today, however, I received a call from someone in Texas that soun...
I have 4 mortgages where I am paying approx. $35k per year in interest. This obviously reduces my tax burden. With other deductions, I pay no taxes at all. I have the funds to pay off these mortgages. Would it be wis...
I already own a single-family house that I reside in. Now, I am planning in buying investment properties in Sioux Falls area - wondering if single-family is better than duplex or triplex property on its return and ren...
I found an article at This Link entitled "Sell Home to S Corporation and Then Make It Rental Property" fits my situation pretty well, except I want to sell it to an LLC that I already own. Would the article apply to m...
Hello Guys,
I am in a situation with my insurance for a property. My previous insurance expired and I changed the carrier and got a new insurance under my LLC name. However the mortgage company ( a local credit union...
Hello BP,Just curious to hear how other GPs keep LPs in the loop when they are looking for deals/do not have any opportunities currently available for them? I know some like to do newsletters/mailing lists but I was c...
Hi BP community,
I'm trying to rent out an in-law unit in my house. I currently have a tenant who has a stable job with great income in his early 30s. But his credit history is messy (8 collections and 1 eviction). W...
Hello all,
I have an investor friend who is retired and I was helping him to obtain a roof contractor to fix a leak in one of his properties. We contacted one roofer who came out and gave a written estimate for th...
My wife and I have an LLC which holds a small portfolio of single family homes. I am considering purchasing a vehicle to be titled in the LLC. My thinking is that the deprecation + gas + insurance + maintenance i...