Corey Key
Obtaining a Loan under a LLC.
Good evening BP I currently own four homes, one I own free and clear and would like to do a cash out refinance to purchase more rental properties. Under my mentor he suggested I put the home I owe free and clear into ...
Moran Eldar
Should residential properties be under Individual LLCs?
Hello,
I have been advise so many different ways to structure rentals. Most recommended to open an LLC for each property and title the rentals to the LLC.It is a lot of administrative work and I am not sure what will...
Jesse Steven Jordan
Fix and flip in Ventura California
Investment Info:
Condo fix & flip investment.
Purchase price: $365,000
Cash invested: $60,000
Sale price: $525,000
Bought this at auction, it was abandoned a year before with all of the perso...
Peter Gaines
Buying tax deed/foreclosures
Hello,I'm a new investor looking to learn how to buy tax deed/delinquent properties. Would a buyer of a tax deed be responsible for existing mortgages on the property? I'm in southern california and I can't afford to ...
Hyeseong Park
When receiving payments after selling houses
Hello all, This is a newbie flipper who is about to sell my flipped house.I bought the property with a name of LLC and I have one question while selling it.I assume that I will receive payment for selling the house as...
Garrett Shackelford
Owner Financing Family Farm
Hello all! This is my first post after several years of being a fan and finally completing my first live in flip. Excuse me if I post this under the incorrect category.I’ll try to keep this short. I’m looking at purch...
Mary lou L.
What to offer on house (California) It was appraised for certain amount after Owner passed away
Hopefully I will explain this clearly.My mother passed away in 2013. She was married to my dad. She had a home in her name (she was the only one on the title)There was no probate because there was no will.House was ap...
Harris L.
Potential 1031 exchange considerations and questions.
Hello guys,Been a member for years and have been quiet until lately... have acquired a few properties along the way but now I have a scenario I'm not sure how to handle and would also ask my cpa about this.Scenario: O...
Michael Sutherland
Lawyers! AAARGH
Planning to make an offer on an 18 unit multi-fam - the realtor has little experience in this and gave me a plain vanilla purchase contract that really doesn't apply. Went to go see an attorney to get his advise on ...
Keith Minton
Seller Financing, Taking back a 2nd Mortgage
HelloThis is my first time posting so be gentle haha.I am looking at buying a Duplex for 85K that will rent out for $1,500 conservatively. The seller is willing to finance 35K of it at 5% for 3 years. I can get a loan...