Jassem A.
Buying a house subject to an existing mortgage using a land trust
I've been reading about land trusts and it seems that they might be a better vehicle for buying homes that are mortgaged because they may not trigger the due-on-sale clause.
If I wanted to buy a house subject...
Jim Lin
Lawyer for JV contract in The Woodlands TX
Hey BP,I have a rehab in the pipe line where I'm partnering with my dad. I will do all the leg work, manage the construction, oversee the sale and he will be a silent partner providing 100% of the funding. Does anyo...
Account Closed
Wholesale real estate: Tips for Wholesalers?
Hello,
I am an aspiring entrepreneur and real estate investor.Currently I'm developing my C-Corporation and building its credit.
For now, I want to delve into Whole Sale buying through Contract Assignme...
Jordan Richardson
Owner occupant/partner situation
I have a situation I'm trying to work out - figured I'd bring it here for some advice. So a lifelong buddy of mine just returned home from basic and would like to partner up with me in a long-term flip (holding it for...
Paul Jamgotch
50/50 Profit Split From 2nd Position... Possible?
Is it possible to structure a no interest/no payment, six-month, 2nd lien on a flip project with intent to split net profits 50/50 rather than receive an interest rate? Because the actual loan amount is small the 5...
Blake Powell
My First time flip - help please!
quick question here. I was wondering if I bought a secondary house to flip and I did the renovation myself should I have it in a llc? Is the any legal issues with me buying, doing the renovation with my own hands and ...
Praneeth Pantham
REI LLC formation by resident non US citizens
We are six friends (from different states - NY, DE, VA) who would like to get into real estate investing by buying a property under a LLC. Four of us are on H1-B visa, and two of us have a H4/EAD.Right now we would li...
Account Closed
Avoiding a 35% tax bill and real estate 'dealer' classification
It appears the difference between a 15% and 35% tax bill is whether or not you are classified as a real estate dealer. Many consider you an RE dealer (or at least the IRS does), if you have a way of selling the prop...
Chad K.
its a bad idea to start a real estate company??
Im currently wholesaling real estate in the Charlotte area. I think its time to take the next step an start a company. If you have any advice on the A to Z steps I would need please leave a comment.
Jamie Flowers
Using LLC for personal use
Hi,
I just recently created an LLC for providing referee services. In the past, I was just doing it as an independent contractor, but now have decided to create a business out of it. As an independent contractor, I ...