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Hi everybody, I'd like to get some feedback on an insurance question I am struggling with.
Here's the situation: I am 33% member in an LLC that owns and rents real estate. For simplicity, let's say we have a 60k home...
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So, I purchased a 3 unit apartment building using a HELOC loan. I purchased it under ownership of an LLC for liability purposes and also because I plan to buy a few more rentals in the coming years. The plan was to ...
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Hello everyone,I’m new to Real estate investing (own 2 rental properties). I recently connected with a couple who is doing fix and flips in my county. I saw one of their properties and was impressed with the rehab.The...
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I can't find much discussion of this, which makes me suspect I haven't actually stumbled onto some magical tax loophole. But what discussion I can find seems to indicate it applies to some real estate activities. Hopi...
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I found a house that is owned under the name of the deceased. I found next of kin but she opted not to go through probate. There are two other family members and they also wish not to petition even after I offered to...
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Hi All,My husband and I have done a couple of "slow flips" in our personal names in order to take advantage of the capital gains exemption. We are now considering buying property in Louisiana (with a promissory loan n...
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I've decided to give a try to buying a property using seller financing, in this case "subject 2" existing mortgage. Here is how the transaction is being structured.-The seller would first transfer the house into a new...
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Hi there, I am purchasing my first multifamily in June of this year. It is a triple decker in Central MA that is currently owned by my mother. She is no longer interested in maintaining the home and would like to sell...
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Hi all,
I made an offer on a house subject to and it got rejected because the seller is nervous that if i dont pay then they will get foreclosed on.
Is there something called a performance deed that would deed the p...
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Hello everyone! I am in escrow for a subject-to deal that I will be using as my primary home. I only know the basics when it comes to creative finance. I am worried about the due on sale clause as most people are who ...