Chris Cowie
Foreclosure Auctions in Massachusetts
I have my eyes on a few foreclosure properties around Boston with auctions coming up. Has anyone had experience with on-site auctions in Massachusetts? I have access to capital and can run due diligence before the auc...
Paul Collins
Re: Reverse Mortgage
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.....
Jason Krawitz
How would you handle this?
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...
Account Closed
Single Family vs Duplex/Triplex Sioux Falls
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...
Thomas Morris
Sell Home to LLC and Then Make It Rental Property
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...
Daniel Tanasa
The Inssurance Company does't want the insured name to be my LLC?
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...
Adam M.
GP Advice? Maintaining Communication With Passive Partners (When NOT in a deal)
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...
Doyle Brewer
Mortgage loan from mom - 1099-INT?
Does the lender or the debtor initiate the 1099-INT in a family situation like this?
Thomas O'Donnell
Should I set up a Checking/Savings Account for my rental?
I have been thinking about setting up a new account specific for my duplex. A checking account for rental income/paying the mortgage, and then a savings account to cover any maintenance or repairs. Does anyone have an...
Russell Buxton
Pay off mortgages or use interest as tax deduction?
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...