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Hi Folks, I have a question from a listener who emailed me and I was not able to answer the question, having not come across the situation myself. Here's the question: If I sell one of my rental properties- let’s say ...
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Seller financing question....I'm thinking about proposing this to a seller. Purchase price 600k, I give him 60k for a down payment, then 5k per month for 1 year (60K). After 1 year I owe him the rest of the price for...
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Another question in the what if category. I am curious to the details and differences between purchasing a rental property from someone who owns the property through a LLC or just buying the LLC. What tax or other iss...
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This is now the third owner I’ve met who owns a dilapidated rental property (in an expensive market) who was open to selling but ultimately passed on the deal because of the capital gain tax hit. Their rationale was t...
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When evaluating the strength of a franchisee or a national QSR how much scrutiny it is placed on the franchisees financial statement more specifically the personal asset ownership?Here's my scenario, the franchisee of...
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Hi everyone, been considering purchasing my fist home and the numbers just dont add up for me. So I was wondering if you guys could look over them and let me know if my math is right or wrong. Or perhaps I am missing ...
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I've read a few old posts regarding this topic and have those documents in order, but I still have the following questions regarding a private loan (from family) --
Loan Documents for Purchase -1. We have the promiss...
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BP community-I'm in a bit of a situation. I'll try to keep it as simple as possible:I'm in contract on a duplex that will be a buy and hold rental. Partnering with two other individuals, creating an LLC, and obtaining...
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Right now I am the sole owner of an LLC that I just formed and I am going to transfer my first properties deed into it.
For my second property, I have a partner who wants to go in 50/50 to help with his taxes at the...
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I love the idea of the 203K mortgage (which I learned about on a recent BP podcast), however I am not able to live in any investment property I buy. I know someone I could "partner" with, who would be willing to live...