Elizabeth Hernandez
Mobile home Buyer doesn't want it after all, wants money back
Hello everyone, my mom 67 yrs old sold her mobile home AS IS contract (buyer was aware) all documents where fill out, Bill of Sale, Certificate of Title, Registration Card, The buyer just needs to pay the Tax and send...
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Questions about Lease Options
Hello,
I have some questions about Lease Optioning a property:
1) Who has the insurance on the house? The originial owner?
2) Who pays the taxes and/or gets the tax write off on the property?
Any help would be appr...
Ryan Keith
Purchased tax lien house - what to do with previous owners stuff??
Hello from Alabama. I'm just curious if anyone else has ever run into a situation where you bought a tax lien property but it was full of the previous owners possessions, although in this case the house has been vacan...
Gracie Brown
What would you do? (in-laws trying to support w/home purchase)
This is hopefully not as complicated as it might sound, but was wondering if any of the great minds on this forum have thoughts on best strategy for current situation.My husband's parents are fortunate enough to own t...
Allie Nasatowicz
Question in regards to QC deeds & liens
Okay first I want to layout the situation I have questions about, questions at the end. Sorry if its long, those that read it all and respond, I thank you in advance! My husband and I have always been interested in bu...
Nick B.
Two company LLC structure as asset protection strategy
I stumbled upon a lawyer's website while searching for LLC information and this article piqued my interest: http://www.lonestarlandlaw.com/Anonymity.htmlIt describes a two LLC's structure designed for asset protection...
Josef Torkelsen
Bank Operating Account
How do you guys recommend setting up property operating accounts (e.g.; checking) for multi-family apartments? Do you have an operating checking account for each property? One account for all your properties? #AskBP
Linda M.
tax deduction for for items brought separately from renovation
I purchased a multi unit property ,the renovation was included in the mortgage my question is ,when it is asked on the tax for depreciation the purchase price do i use the sale price of the property or do i use the s...
Jack Nichols
Warbucks - Red Inc for lending and fix-and-flip/rent?
Am looking for the right entity structure. It would be great if you can poke and plug holes. I do intend get a CPA’s input and an attorney’s input after revisions.
As I started writing this, I realized that many on ...
John R.
retired & want to invest
I'm on the central coast of California, retired and want to invest in real estate, as my iras and credit union account are rapiding declining with inflation, fees and taxes.
My idea is to invest in 1 income p...