Rachel Cutler
Securing lending for a two party purchase
My boyfriend and I are looking to purchase an investment property, a long distance buy and hold, and are unsure of the process for keeping our finances separate. (We aim to purchase more in the future)
This will be...
Gernot Bucheli
Still a newbie and making a lot of mistakes
Hi everyone. I'm going to need some advice. Some months ago I signed up with a program that uses Facebook to attract motivated sellers. My wife did not want me to sign up for it, since it cost me $9,000. I tried to wo...
Christopher Freeman
Receiving Section 8 Voucher in Co-owned properties
I am about to close on two properties where there are currently Section 8 renters. For lending reasons, both properties will be co-owned (JTIC). Our local section 8 housing office has advised that they can only make o...
Malikah Planas
Putting a Property in an LLC?
Hi, what is the benefit of listing a property with the LLC, for example, I saw a home on Zillow that was purchased by someone using the street name ex: 2345 Anywhere Dr. LLC I also saw the business was formed when the...
Stacy Gomez
Legal Set-up for multiple properties in 3 different states
Hi,
We have our primary residence in Texas, own an 2nd Home property in FL that we STR with an LLC to operate; and are purchasing a 4plex in Louisiana. While we are actively working on our personal trust... I'm try...
Carl Gryska
Reverse Mortgage Short Sale
Can anyone out there recommend an AttorneyIn the Syracuse-Utica area that is experienced in the purchase of a SFH thathas a Reverse Mortgage that is also upside down (Short Pay) ?
Rafael Garcia
Selling gold to buy a home
Hello, I have a client that has 500k in gold that will be selling it in order to purchase a property. Not sure how that will affect him personally for tax purposes, any advice would be greatly appreciated. Does anyo...
Lucas Cookson
Help me understand this letter from ReconTrust
The letter states the following:
FULL RECONVEYANCE
WHEREAS, John Smith, is the Trustor, Bank of America, N.A, is the current Beneficiary and ReconTrust Company is the current Trustee under that certain Deed of Trust ...
Dirghayu Desai
Personal Guaranty on Commercial Loan
Can someone explain how personal guaranty works on a commercial investment? LTV is: 70/30 6 partners and each is ~16% ownerDo all partners have to sign a personal guaranty (PG)?If we sign a PG and the business can't m...
Gloria Grotjan
Tax clearance reqt for Memphis rental - out of state investor
Need help and advice! I have had a single family home rental in Memphis since 2011 and never had a tax issue. I am an out of state investor. My LLC was recently revoked and put into inactive status because TN Dept of ...