Kelley Wales
Newbie here with questions/concerns. Any advise appreciated!
Hi everyone. I am new here, and new to real estate investing. There is a property local to me which is listed on an auction site. I was considering trying to pick up this property, but am concerned about the title. I ...
Eli Kallison
Analysis of Performing Notes
Hey BP,I’m looking to purchase my first performing note. While there are plenty of resources related to non-performing notes, I’m having trouble finding anything that can give me guidance on 1st position performing no...
Kelvin Letron Brantley
Lease Option Buyers: Bad Credit?
I have a question regarding lease option buyers. One of the assumptions we make about lease option buyers is that they probably can't qualify for a bank loan. If that's the case, what are some of the screening techn...
Fadel Shamm
LImited liability company vs owner name
My agent is suggesting to establish a LLC as I am growing my portfolio to have more rental properties, I want to hear your opinion, what are the pros and cons of LLC?Do you transfer houses ownership to the LLC? Can yo...
Account Closed
Multifamily Operating Agreement
Hello,Can anyone recommend a good lawyer or law group that could draft an operating agreement for a multifamily RE joint investment between two partners in a 50/50-style split in the state of Wisconsin? Based on peopl...
David Smith
For 1031, shall I buy in LLC or personal names?
If you have 3 investment properties in personal names, how can you later sell each and buy another in order to qualify for 1031? They can mix up.If you buy each in different LLC names, easier for 1031 tax purposes. ...
Ryan K.
Buy a House without a bank - what are my options?
Hi everyone! I want to purchase a house (to be my primary residence) for 100K. The seller still has a mortgage on it for 65K. What are some ways I can buy it without using a bank? I have great credit, just prefer not ...
Leonard Fisher
Flipping newbie question about deed restriction...
Does the one-year-wait restriction (upon completion of renovation work) apply to homes paid for by cash and NOT financed, or are some deed restrictions applicable to homes sold to potential flippers irregardless of th...
NA NA
Hiring an employee/partnership?: 1099, W2, pay cash?
I really need direction in businesses. The business that I will describe for you can be any business - it can be an ice cream business, or even an office coffee service business. Forget real estate for one second. ...
Jared Knudson
What does under contract mean?
Hey everyone,I'm new to the field, and had a quick question. I hear people say that they have something "under contract." What does that mean? Does that mean that they've made a commitment to buy the property for a...