Piyush Pathak
Transferring Title to LLC
Hi All,We are a new investors and recently bought our first property. The title is in the name of 3 partners right now. We have formed an LLC and would like to transfer the title to the LLC. Can someone please define ...
Ben Parr
Income Tracing on Cash out Refi
I'm currently in the process of doing a cash out refi on my primary, and plan to use the proceeds to purchase more rentals. I am planning on counting the loan as a loan not secured by my home per IRS publication 936. ...
Joel Shupe
Financing Question - Cash to Conventional
Hey all, newbie question here:I have identified and negotiated a solid deal - numbers beat my targets, and I would hate to let this one slip away. The gist of it is that the seller wants a cash deal, and doesn't want...
Michael Ueltschey
$15,000 Tax Credit
It appears they have removed the FTHB requirement. Does anyone know if it will apply to properties besides primary residences?
Ryan ODonnell
Help with Blanket Loans on multiple SFH's
I'm hoping someone here has done a blanket loan on multiple SFH's. They are telling me that they can possibly do a release clause, but is there anything else I should be wary of?
At 7.25% over 25 years they seem to c...
Zach Bair
Technical Definitions - Crunching Numbers
Hello.
I am new to real estate and wanting to crunch some numbers, but am finding that definitions vary from blog to blog. Please see below and clarify, if possible. Thanks.
A) Net Operating Income = income produce...
Kevin S.
Purchasing Tax Lien Property in Colorado that also has IRS Lien
Hello All,
It's my understanding that a county tax lien has priority over any other liens---so basically everything else is wiped out. I'm looking to purchase a tax lien property from another investor. The property i...
Erin Elam
Probate: copy of the Will, and the Letters of Testamentary
Hi BP!
Putting this in a different forum to hopefully get some answers. I actually have 2 properties under contract via virtual wholesaling!! It's the same seller. One of the properties is solely in the widow's trust...
Ty Kashmiry
1st rental starts this Friday
Hi everyone, Closing on my first rental and its a 4 plex. I'm happy to say I got it from an out of town investor who I know very well and has told me everything about the property. I got it for a 20% discount. The...
Dan Griffin
Need ideas on how to secure funds for a SFD
I have an opportunity to buy a great property in my neighborhood. $210,000 My wife and I would like to live there in 2-3 years when it is time to downsize. In the mean time I will rent it out or use it as an AirBnB ...