Wes Martinez
Wrap-Around Mortgage vs Subject 2 - I need advice please!!!!
Hello fellow BPs,I'm currently in the process of doing an off-market deal with someone who prefers a type of seller financing in order to save money on closing costs, but they currently have a mortgage on the property...
Cindy Veit
BRRR method - put property in LLC or personal name?
It has been 10+ years since I have bought a rental property. We currently have 7 loans in our personal name. I was looking for a bank to do a cash-out refinance in our LLC. One banker asked, "why don't you put it in y...
Richard Rabe
Purchasing at the sheriffs sale
Hi everyone
Ok got a question for those of you who have purchased foreclosures. What process do you use before you go to the sheriffs sale and bid on a property. This is what I do Is there anything else I should be do...
Ryan Brown
Buying a house on contract. No idea what I'm doing.
Backstory: I moved into a house about 4 years ago that was not lived in and in pretty bad shape (but in a good neighborhood in the hollywood hills). I made a verbal agreement with the owner (a family friend) to fix it...
Steve Olson
Tax implications of "subject to" transactions
Hi All,
I listened to one of the more recent podcasts that talked about subject to deals.
Does anyone have experiences with the tax consequences here? I would imagine that the mortgage company will sen...
Danielle Dickens
To LLC or Not to LLC
Hello!
I recently purchased my first duplex in Minnesota. There is a lot of discussion around creating an LLC or not and thought I would just create my own thread in hopes to grab a few opinions and or re-post's of ...
Jason Pearson
Creating LLC prior to purchase of first property
I'm getting all my ducks in a row before I get started investing. First, I cant seem to find a search function on this website. So here goes my question.... Should I apply for an LLC before the purchase of my first ...
Marc Beaulieu
Ensuring your LLC holds up in Court
I recently spoke to an insurance salesman who told me that a judge can choose to not recognize your LLC if you do not have a business account in the LLC name that all your business activity flows through( for example ...
Devin Arrigo
Second home loan for STR -- Rent to my LLC?
Hi friends! I am in the process of buying a 3 bed, 1 bath single family home in Big Bear, CA that I primarily plan to use as a STR but would also like to visit ~20 days of the year. I currently live in LA, about 3 hou...
Paul Tyrell
Investment analysis
The snow is starting to fly here in the Northeast and I’m trapped in doors for the next 24 hours.
With the free time I thought it a good chance to get reassurance that my current deal is a good one.
I bought a 2 fam...