Julie Smith
Senior non mortgage lien
I just got a title report on a property that has judicial liens that is forcing the foreclosure. The property's mortgage is NOT in foreclosure. I was pretty sure I understood that mortgages are senior to other liens...
William Watson
Obtain LLC or use my name to purchase property.
BP , I have a question should I get a LLC when purchasing a rental property? Or should I purchase in my name. Does anyone have any knowledge in this area. Your help will be very appreciated thank you in advance.
Account Closed
Best Entity for California Residents
I'm trying to figure out the best entity for CA resident/investors that want to invest both in and out of state. I know a California LLC is required to pay 800.00 a year annual tax. I am already doing that with one LL...
Ricky Knack
My costs in buying a home in pre-foreclosure
Let me start with saying I'm really enjoying all the helpful information out in BiggerPockets land. I was wondering what costs are associated with buying a house in pre-foreclosure vs a house not in pre-foreclosure. I...
Jon Lallande
Buying First Property From Wholesaler
Hi BP,I’ve finally found what I think is a great first investment property. My only concern is that I’m buying the property from a wholesaler. I’ve purchased a house before so I’m somewhat familiar with buying a home ...
Darius Ogloza
Hard Money Loans based on After Repaired Value
I would be grateful if anyone could shed light on the process hard money lenders typically go through to establish the after repair value of a property when ARV is the basis for the contemplated loan. How long a dili...
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 ...