Damini Dutta
Moved the property from one LLC to another LLC - what to do with current lease?
I had an IN property tied to KY LLC, So the renter did all of the lease and paper work with KY LLC. Recently I moved the said property from KY LLC to IN LLC and I still have 3 months left on the current lease. I am t...
Tony Lovatto
Owner Financing
Can someone please explain owner financing and how it is generally structured? Is it also known as ''seller carry back''? I have an idea but not sure. Is this example anywhere close
5-PLEX WITH BANK LOAN AND 30% D...
Robert Delgado
LLC Financing
Hi Everyone. Two friends and I are on the verge of starting a Real Estate Investing business. One of them has a large sum of money to use to buy houses and flip them so it seems that is where we are going to start. Ho...
Rick Pinney
Drug Dealing Tenants What should i do?
I am currently in the process of closing on my first Duplex in the Chicago Suburbs. It is a long story yet i was able to get an off market deal, in exchange for handling all the problems. I close September 1st.The cur...
Phil Morgan
Local investors using self directed IRA?
Hello, looking to talk to any local investors using funds from a self directed IRA. This is a strategy that interests me but I want to sit down with someone who has done it successfully instead of just hearing a sale...
Amanda Wilks
Subject To Purchase
Hi fellow bp investors! I have an opportunity to buy a property subto. The property is upside-down in equity. The market value is around $220k. The current loan balance is $235k with a 5.12% interest rate. The average...
Nicholas Richardson
Deed / Title questions
This coming Monday I will be meeting with an owner that is going to sign the deed of his house over to me. I already have a buyer lined up to take this property from me right away. My are questions are as follows.
Wh...
Keenan Fitzpatrick
Vacancy is really just a profitability calculation.
Scenario 1: Presuming your renter took care of the unit, it can be cleaned and ready to re-rent within a few days. In today's market where I live, if I get notice of a tenant moving out, I will turn on the marketing f...
Cody M.
Purchasing 4-plex and owner Occupied with existing tenents.
Hello all! As title states am interested in purchasing a 4-plex, owner occupying one unit and renting the 3 other. Can anybody offer insight for which things to be mindful of as part of our due diligence before purcha...
Malcolm Brown
Seller financing
New to the business, I've done a lot of research, and I've ran across the ideal of using seller financing. From what I understand, purchase the property using seller existing financing from the bank for a agreed perio...