Benjamin Sussman
Buying a property using my parents
Hi,Once I hit my limit of having 4 traditional mortgages, can I give my parent the money to have them buy a property under their name and then have them transfer the property into my LLC?Would they still be responsibl...
Vincent Meoli
Insuring foreclosed property
Hi everyone. Quick question.I won a foreclosure auction and I am anticipating a Sheriff's Deed, but the processing time is 8-10 weeks. Is there a way to insure the property between the end of the auction and title t...
Justin Hennig
When does Seller Pay Taxes on Contract for Deed / Land Contract?
When an owner sells their property on a contract for deed, do they pay taxes on the whole amount at the date the Contract for Deed is signed and put into place, or after the CD is satisfied and deed is actually transf...
Nicole H.
Financing for NYC Rental Property
Asking for a friend. She has a residential brownstone in NYC (4 family) that needs renovations. They need 1M in financing. After renovated value approx 1.9 M. She would like to transfer the property into the LLC nam...
Mitchell Coles
Seeking a Responsive VA Real Estate / Closing Attorney
HiI am seeking a referral for a VA Real Estate/Closing Attorney to retain for a deed transfer. The subject property is in Roanoke. Thanks.
Francis Rusnak
Anyone done a flip in Calumet City?
They have verbiage in the city inspection report that says 'If homeowner completes plumbing - Property can't transfer for 6 months from date of completion'. This seems like a big impediment for anyone doing a flip the...
Armando Payano
Security Deposits & Pro Rated Rents
When doing an exchange can the buyer receive the security deposits and prorated rents from the seller? The funds are not from 1031 account but rather a transfer from the seller to the buyer. Would this blowup the exch...
Alex Ng
How to do a Subto Deal
Can someone enlighten me how the subto process works? I know what it is ( taking over someone's mortgage) but how does the process look like? Do they just transfer the title to my name and I pay closing costs? Do I pa...
Jay Helms
On the 1031 Exchange clock...
Yesterday, we sold our very first Pensacola rental property. Acquired just 3.5 years ago, produced a ROI of 79%. It wasn't listed but received an offer I couldn't refuse. Thanks again BP! I'm now on the 1031 Exchange...
Ki C Chan
Looking for Wyoming LLC membership interest assignment contract
Hi BP I am working on the transferring my Wy LLC interest into my Living Trust. base on the recent research online, most of people will suggest assign your own interest to your own living trust instead of filing to se...