Chris Laino
Multifamily Deal Analysis Help
I've done an analysis on a deal and I'd like another set of eyes to review:- List Price: $250,000 (can probably get for $240k) - putting down 20%- 2 units that rent for a total of $3,100/month- Taxes: $7,150/year- Ass...
Tinley Jones
NEWBIE Can anyone explain owner financing to me?
Can anyone help explain owner financing to me?I think I understand the general concept. The owner takes the place of the bank. Buyer pays downpayment and monthly payments directly to owner until all debt is paid in fu...
Belinda D.
Wholesaling a House That Is Zoned As Medium Density
Hello BP family,
There is an owner who wants to sell his property as a tear down. He had a few offers, but the potential purchasers changed their minds because the City will not allow a new house to be built on the l...
Bryan Hancock
Court Says LLC Member Not Doing Business In California
I received an email about this today. Here is what was in the email:A California Superior Court has ruled that an out-of-state corporation whoseonly connection with California was its 0.02% ownership interest in a LL...
Jared Kluver
Transferring title from me to my company
Hi,
I purchased a duplex awhile back prior to creating my LLC and would like to transfer title of to it. I originally set up a DBA along with a bank account under that name and have been making payments out of that...
Winston A.
Building Basis - "Adjustments for Items unpaid by seller" on HUD
I am trying to calculate my building basis for tax purposes.
Can I add the items under the heading "Adjustments for items unpaid by seller" on my HUD statement? Specifically, "County taxes" on line numbers 211? Thi...
David T
boarded up house...how to buy?
hello i am pretty new to this real estate business. i currently own one rental property that i purchased 1.5 years ago. i noticed there has been a boarded up house in my area (central NJ) for at least a year now. i a...
Andrew J.
Quit Claim in Wisconsin
Hoping some of my fellow Milwaukee investors can help me out with this situation:I have two properties which I need titled into an LLC. Property 1 is titled in my name, while property 2 is titled in my name and 2 par...
Daren H.
What key information do I need from the homeowner, lien holder, and/or county records?
I spoke to a homeowner today who called me about getting rid of a property. She doesn't care what the property sells for. During our brief conversation, the homeowner mentioned she previously tried to short sale in th...
Edwin Duran
A Guide To Getting Your First Mortgage
https://homes.yahoo.com/news/a-guide-to-getting-your-first-mortgage-221253699.htmlJust read this article on Yahoo!, They damn near make it seem like home ownership is for the selected few. What do you guys think about...