Craig Coulson
How to learn values of properties in a new city
My name is Craig. I just joined biggerpockets and I'm really impressed by what I have seen thus far. I have a situation that maybe someone can provide some advice on how to approach. We bought a house in St. George...
Leigh Ann Smith
Self-directed IRA property as collateral?
We have some undeveloped land (adjacent to the property on which we live) that is in a self-directed IRA. Is there a way to use this property as collateral on a bank loan, or is it not possible since it is in a trust?
Paul Murch
Can you reverse a stripped mortgage?
A 2nd Mortgage, for which I hold the Deed of Trust, was stripped during Ch. 13 bankruptcy in 2013. The value of the home was approximately the balance of the 1st mortgage at the time, so the court had no problem strip...
Dave Clark
Locating and selecting a mentor
I am just starting my educational process with regards to real estate investing and as I listen to numerous podcasts the topic of mentors is consistent. Most seasoned successful people in the business recommend findi...
John T.
Question about Wholesale Contract Provision
A newbie wholesaler, who says he has a Mentor, has a one page Purchase and Sale Agreement that contains the following provision:"This contract is binding at 11:59 pm on the tenth day after it is executed by the buyer ...
Account Closed
Is it possible to get step up in basis with shared LLC ownership?
Right now I do not have any ownership in my mom's LLC (she is a multi-family investor in the US) but I will be joining her real estate business in the future. I currently own and run a separate c corp which I will exi...
Dushan Selvakumar
Canadians investing in RE in USA - Landlord Friendly States
Hello,
I currently own 2 properties in GTA, and since Ontario is getting overly expensive and harder to get RE with low cap rates and cash flow, I am thinking to invest in Landlord friendly states in USA.
I have hea...
Paul Petersen
Real Estate Investing Newbie
Hello everyone!I currently reside in the Chicago land area and I am very eager to start investing in real estate. There are a couple reasons though as to why I am hesitant: inflated seller’s market, unsure on what str...
Tim Morris
First Multifamily Purchase- Questionable Lease Documents
Hello, We are in the process of purchasing our first multifamily! Our contingency on our offer was to evict the first-floor tenants to owner-occupy the first floor, as I use a wheelchair. The first floor tenants do ha...
Orlando Goodon
Can anybody help me with my first cash for keys?
I have a 5 unit with only one tenant paying rent and I would like to try to do a cash for keys deal. I've been struggling to find legal representation because all the attorneys are apparently horrible.has anyone done ...