Tae C.
What To Do With Code Violation Post-purchase??
Hello all,I have had a property since August 2017 that’s been undergoing a slow rehab. A month or so ago, I received a letter in the mail from the county informing me that there is a code violation for all sorts of r...
Nicholas B.
Mortgage Underwriting Guidelines & DTI - (@Bill Gulley)
In another thread, @Bill Gulley and I had a brief discussion on underwriting guidelines. Rather than take that thread off topic, I created this one to hopefully further the discussion. The main contention was whether ...
Rich Hupper
Could this cash deal work?
Just when you think you have handle on the various types of RE deals out there another one comes your way you don't know how to handle.Okay so I have Ted and his mother Chelsea. They own a property together, that I w...
Nicholas Libertin
Buying an LLC as opposed to the property to avoid a tax hike?
I am an investor in the NE Ohio area. We are buying a turn-key multi-unit property from someone who flipped it. They are currently paying pre-flip taxes. If we purchase the previous owner's LLC and have title remai...
Kyle McCorkel
Buying a divorce property
Who has experience buying properties from divorced couples?
I got a great lead from a tax delinquent property. Ex-husband called me, he lives out of the area but received my letter. He said he'd love to liquidate t...
Bill Thomas
Who pays the bank balance?
When wholesaling a house to an end buyer, is the end buyer responsible for paying any and all balances owed to the bank if the owner does not own the house free and clear?If that's the case, how does that affect the o...
Chavdar Kehayov
Best and cheapest way to transfer a property from one LLC to another
Hi, Here is the situation. I had a free and clear property under a one of my LLCs. Begging of 2009 i sold it to a friend of mine and we put the title under his LLC. Now we have a new business together and want to move...
Josh Barker
Owner financing with a warranty deed
Hey there, I’m in discussions with someone in Florida who is open to owner financing through a warranty deed. I’ve never done this type of transaction before, my only experience is with conventional home buying. What...
Stephanie H.
Too good to be true?
View report
*This link comes directly from our calculators, based on information input by the member who posted.Found a house in a great school district, beautiful neighborhood, great bones, in Kenne...
Patrick Lindsey
HELOC Questions on Balances & Liability Mitigation
A little background: I have two HELOCs on 2 of my 4 rentals. I'm debating whether or not to consolidate the debt from one HELOC (currently at 6.25% APR) to the other which charges less interest (4.75% APR). I've heard...