Gene Ferriter
Using collateral for downpayment instead of cash
I am looking to buy a property that will need 20%-25% down. I would like to leverage my IRA as collateral for a down payment instead of using my own cash, home equity loan or refinancing a rental. Has anyone ever d...
Jason Stone
Section 8?
I have gotten 3 calls on an apartment I posted via Postlets asking if I take Section 8. The unit rents for $925. Should I look into Section 8? Is it a good program or am i opening Pandora's box? Is it relatively easy ...
Elda Castillo
Need more capital to flip a single family
Hello BP community,
I am rehabbing a house that needs more work then what I originally planned. This is putting above budget.
I took out a rehab loan to flip the house so I'm in a bind to raise needed funds to compl...
Raj G.
Equity Pledge, instead of 2nd lien
Hi,I have been doing private lending for a very long time, most of time first lien, some time 2nd lien also.recently came across a situation where first lien is already there on property and there is clause than 2nd l...
Chirag Patel
Tree roots to adjoining property
Hi, I recently purchased a rental property which had been on the market for some time now, As soon a tenant moved in, my neighbor said they wanted to rebuild the fence, and are asking me to remove a tree which is in b...
Billie Joe
Can you have an LLC Partnership where 1 member is a contractor?
In an LLC taxed as partnership, can 1 of the partners be an independent 1099 contractor to provide services for the business? For example:Partner #1 Limited Partner (K-1)Partner #2 Limited Partner (K-1) AND 1099 Contr...
Darren Osten
New Investor from San Diego
Hello all,
I am a new real estate investor located in San Diego. However, I am looking at other areas for investments. Am looking to learn more about structuring deals and creative finance.
- Darren
Kenji Tominaga
County Mortgage Tax paid by the Buyer?
Hi Tax masters,I have a question about the county mortgage tax when purchasing a property.I'm quoting a mortgage from 3 lenders for a small multi-family in Bushwick/Ridgewood area (Brooklyn NY), and one of them estima...
Daniel Llauger
Sell property owner to owner (owner finance)
Has anybody sold a property owner to owner (owner financing)? If so, any tips for doing this for tems, contract, etc? Do I need to own the property in full in order to do this? I just want to know everything about th...
James McGovern
Insurance to cover rising HOA assessments?
I am interested in purchasing a few condos in Florida and want to understand if there are any insurance products that cover the rising cost of HOA assessments?