Kevin Stein
Seller Financing, Down Payment, HELOC Etc.
Hello BP,Similar questions have been asked many times but I was hoping to get some advice on my particular situation.I own my personal home and a duplex that I rent. The duplex has ~55k in equity. My initial thinkin...
Joseph Molander
Flip or Hold
Hay BP, I need some advice.
I closed on my first SFR in January this year, I should be completing repairs by the end of this month... might be mid next month. The question I have is this. Should I rent it or sell i...
Rhett P.
Tax Lien Certificate is past redemption ... How to Foreclose?
Tax Lien Certificate is past the redemption period ... How to Foreclose?I'm not sure of a few things. Does the tenant still live there? Are there any other liens on the home such as a mortgage or IRS liens? How do I f...
Latora Harris
Wrap-around crisis-Need advice
Hello,I have a motivated seller who has a difficult situation and I'm having difficulty coming up with a solution. The property was sold last year on a wrap around mortgage to the new owner. The deed was transferred o...
Sean M.
Re-affirming an obligation post-Chapter 7
Question about re-affirming obligations under a Chapter 7. If a borrower has a mortgage and has cleared a Ch 7 bankruptcy, then makes a payment on the loan, have they re-affirmed the obligation, such that it now effe...
Trent Roberts
Starting an LLC for rental properties
We are planning to invest in our first rental property in a couple months and I would like some advice about LLCs. Do we need an LLC for rental properties? Do we buy properties through an LLC? Do we open an LLC after ...
Yuvaraj Vimawala
Austin local service prices
Hi,I am a local investor in Suburban Austin area. I usually do make ready (paint, carpet, fence, toilets, fixtures etc.) on an acquisition before renting out. I intend to offend no one by this post. I am sure there ar...
James Uglesich
Waiting to start my LLC
Hello all,
My name is James Uglesich from the Portland Oregon area and I am just getting started in real estate investing. I am starting in wholesaling so that I can build my capital so that I can start purchasing m...
Frank C.
newbie LLC and asset protection questions
I plan to buy my first rental property in a few months. I have money saved up. I have met with several bankers. I am learning to analyze deals. I am about to contact a real estate lawyer to set up an LLC and obtain...
Andrew Namkoong
Real LLC Tax example
Hi everyone,I am trying to understand this whole tax situation with a LLC and how we actually get taxed.Say I have a property, under my personal name, that generates $1,000 per month on rents and $800 per month on all...