Claudia Bonaudo
Buying in my own name
Hi BP members, Can someone help me with this?, I'm buying my first hold, live and then rent property, should I buy this under my name and after a year or when I moved out I put it under my LLC name or I buy it since t...
Tony Thomsen
South St Paul, MN - first multiplex contract for Deed
I’m developing cold feet
A contract that favors the seller and a standard Minnesota contract for deed.
The roof of the 4 Plex worries me and any repairs done to the property is mine to do at contract signing.
The...
Barry Je
How do partnerships work?
Let's say a couple friends and I want to invest together, and all three of us live in different states. How does one go about this?Will a bank lend to three unrelated people? Can we quit deed claim into our LLC? Ri...
Pedro Morais
Distributions from one LLC to another
Hi BP,Can you make distributions from one LLC bank account to another LLC? In other words, if I have a surplus of money in one LLC account and the other LLC has need of capital for construction, can I transfer from on...
Stephanie Medellin
HUD home with double lot, but one lot not transferred.
I came across a HUD home for sale, and then looked up the property history in the MLS. The last listing said that the property had a double lot with 2 separate deeds, and the vacant lot was build-able. I then resear...
Malita R.
First motivated seller...What am I missing?? And how can I get it??
Hello BP!I got a call from a seller yesterday that I mailed a yellow letter to. The owner sounds VERY MOTIVATED to sell. The house is currently being rented out. It’s also a house that was converted into a 3 unit a...
Chris Daliani
REO_Home Path-Owner Occupy
Hello,Does anyone have experience on an all cash offer on a Home Path REO property. How does Fannie check on whether or not you are actually living in the property?Will they actually take the property back if you do n...
Wislem Leger
Wholesaling in MIAMI, is this a deal?
Hey everyone, I Have a property under contract and I plan to wholesale it, the property ARV is around 365 to 370 the repairs are about 25K+/-. I got the property for 245k. The property Is in Hialeah Miami and I feel l...
Daniel Velez
Entering homes before auction - "magic key"
Met a guy at a networking event last night who has supposedly has access and permission to enter foreclosed homes before auction. He said he has a key from all the banks that would let his team enter the homes so inve...
Micah Livengood
Title company wants to see my Articles of Organization, etc.
My Father and I are part of an LLC through our real estate investing business. We are buying a property for $15,000.00 cash. I got an email from our lawyer we use typically to close on a cash and or contract deals....