19 January 2016 | 3 replies
There should be an origination or credit portion of the file which was used to give and make the loan.
9 October 2017 | 3 replies
In Florida the bidding starts at 18%After two years if the taxes are not paid the lien holder can file for foreclosure on the property.At the auction the starting bid is for the taxes owed on the property.Of course there is a lot of research in dealing with these types of auctions.
9 October 2017 | 0 replies
I am renting out my condo and would like to get a standard lease template.Where can I get one?
10 October 2017 | 11 replies
The properties also appreciate normally over time, so this property 10 years from now will show 10 years of depreciation on it lowering the value even more when in reality the value will most likely have appreciated greatly.I understand that the book value of the property is already entered and is standard, but it is failing miserably to give a true and accurate snapshot of the company's health.
15 October 2017 | 21 replies
We are just refinancing a loan.Here’s how it works:You create an LLCYou buy a homeYour LLC gives you a loan for the homeYou file the deed for that loan at the county courthouseYou use the money from the LLC to buy and fix up the propertyOnce the property is completed, your conventional lender comes to refinance the loan Your conventional lender runs title and sees there is a loan.Your conventional lender refinances you into a new loan, and cuts a check to your LLC in the amount of 75% of the value.Please don't confuse this 75% with a "cash out" amount.
9 October 2017 | 1 reply
There is one specifically for Rentals and it will make you answer some standard questions regarding the property.
9 October 2017 | 4 replies
I'm in the process of setting up an LLC for investment purposes and I wanted to know if there are any standards for prioritizing the distribution of profits?
9 October 2017 | 0 replies
For example: Investor contributed 10,000, and will receive 11,000 as a lump sum after sale of the property, plus any interest at 9% APR if sale is more than 90 days after date of lending.To note: I looked in the BP file center and couldn't find anything that fit the bill.Thank you,Julius
15 October 2017 | 6 replies
(b) Design Standards.
10 October 2017 | 8 replies
Hi BP folks, I am looking for some professional advices for tax deductions on real estate investing. Right now I am hiring my father as a handy man, so in order for me to deduct those expenses do I need to have an LLC...