Account Closed
syndicated deals - who secures the loan?
Let's say one syndicates a deal to purchase a $30m apartment building with 25% down;Who is going to secure the loan? Obviously, the sponsor isn't going to carry a $30m debt himself and be the only guarantor Theoricall...
Matt Blutowski
Cut my losses or call my attorney?
I inherited tenants 6 months ago, and finally the lease ended and they are out.
Along the way, the tenants refused to pay an extra fee for a pet they were keeping, didn't pay the last month rent, left a hole in the d...
Thad Miller
no escrow cheap land
I'm selling northern California land for under $2k. The buyer sent me a grant deed to sign with a notary. How do I ensure that I get paid if I'm not using escrow?
Dave Comer
Vacant home owner who went through bankruptcy
I found a great vacant home and I found the owner. The problem is that the owner doesn't believe she has control of the property anymore, since she went through bankruptcy. The house is slated for tax sale for $4...
Mo Muigai
Frustrated screening first tenants
Ready to rent and has received a few applications. Nightmare comes when we try to screen criminal /credit /eviction. We tried verticalrent.com and Mysmartmove.com. They both require tenant to fill in information thems...
John Hogg
Title error found after refinance
Hi biggerpockets community,I could use some advice on a situation that has come to light with my current lender.I refinanced a duplex property in 02/2021 to a new lender.I am just finding out today that during the ref...
Jeff V.
LLC Operating Agreement
Starting an LLC and at the point where my business partner and I have come to agreements on how the business will be ran ect.We will be putting these agreements into the LLC Operating Agreement. My question is once t...
Dave Humphrey
My frustrations. Insight Welcome!
Ok, here's the deal. I have been wholesaling for about 3 months. I am finding deals via preforeclosure, blighted property listings, bird-dogs and so forth. I have not been able to get any of these properties under ...
Brian Nel
What due diligence in determining cost basis for depreciation
In reviewing my taxes for the upcoming year, I've been looking more closely at my Schedule E and reading more about depreciation and cost basis. I know that your cost basis needs to be accurate, a number the IRS agree...
Karen Nelsen
Found out my deed was made out before mortgage company
I did a search of deeds. My deed was made in 2006. The other lender's deed was made in 2007.
I registered the deed at the court house in 2007. The other lender registered at the court house before me. I don't know it...