Account Closed
Logistics of 50/50 Partner LLC
Hey BP Community,Disclaimer: I am not searching for tax/legal advice here, just looking for guidance and looking to learn how others have done this.I am looking to buy and hold on a deal by deal basis with a partner (...
Armand R.
High Closing Cost on my First Deal - need advice!
Hi all!
I just completed my first deal in Illinois and I am looking for feedback on the closing costs. Here's some information about the deal:
Purchase price: $105,000Renovation cost: $27,500ARV appraised: $140,000R...
John Wilson
No documentation commercial loans
Has anyone had any experience with no doc commercial loan programs ? I’ve got a property under contract and trying to look at all of my options ,either conventional ,or no doc commercial multi family loan. I’ve got...
Ernest Grindle
Fee Comparison for Conventional Mortgage vs. Cash
Hello, I'm about to purchase my first investment rental property. I received a preapproval for a $68.8K loan on an $86K purchase. I'm planning to refinance in 6 months to pull out some of the ARV equity after some reh...
Jayden Hamilton
garage door does not close properly
Hi, so I just got a 30-day notice that my tenants will be moving out. I plan for my property to be available for rent on August 1. There's one issue, the tenant pointed out that the garage door does not close correctl...
Ahsan Faheem
Seller doesn't want to sell to LLC
Me and my friend/contractor put a all cash offer to buy my neighbor's house in Los Angeles. I created a LLC for which me and my friend are 50% owners. We have a proper operating agreement. provided proof of funds and ...
Zack Stevens
Personal Property Left Behind
I just closed on a home in Utah and after recording I went to take possession and the seller was not nearly moved out (I knew that was going to happen because of the final walkthrough). Recording took place Thursday a...
Tony Gatto
Need help for my seller to pay of mortguage early
Hey gang.
I have a seller that wants to terminate his mortgage early. I am not interested in a sub2 as i have a few buyers for the property already.
However he does not know how to pay off his mortgage...
John Hickey
1031 with hard money
I rewrote this a few times I know its a handful, thanks for looking. Feel free to shoot holes in it.Got a q for you BP. I am doing a 1031. I have a CPA and a QI. I understand that advice here is not professional, even...
Anil Samuel
2nd FL Rental Property - LESSONS LEARNED
Background:So I just got a tenant in my 2nd rental property. I closed on May 23rd, 2013. Tenant moved in on July 19th, 2014. There were some things I had to take care of: change front and rear door locks, replace m...