All Forum Posts by: Edward Adams

 i do have gain from my other properties, what section should i put in this negative amount? 

 yes i did know, but unfortunately my estimate payoff balance was way off so it was not worth to pay off the loan so i let it go. they auction after 3 months 

Hi 

i bought a HOA auction house (second lien) then the first lien auction the house and i lost the money i paid for HOA auction.

under what category i list that lost in my tax return? 

@Ashlee Hutson thanks for reply how you determine classes? is there a map? 

@Matthew Rolf my numbers shows different results, can you share with me an example on MLS that cash flow?

@Marci Mayes thanks for reply, i am looking for both Single family and up to 4 plex. i dont have any budget limit, i do look for ready to rent or cosmetic rehab. is there any particular zip code should i look in to at north? 

i am looking to purchase investment property around HOUSTON TX with putting 25% down and not having negative CASH FLOW i am ok with 0$ cash flow as well 

i recently bought a HOA foreclosure house at auction that had first mortgage lien on it. i did some calculation to figure out the first lien balance but at the end i was so wrong, the amount was twice. is there a way to find the first lien payoff amount before you purchase a second lien?

@Don Konipol@Bruce Lynn my mistake was calculating remaining balance base on if they payment were up to date. do you know any better way of finding the pay off amount before the auction date? 

@Don Konipol@Bruce Lynn@Nancy Truong@Rick Pozos here is new update

bank came up with payoff amount that is twice what i thought it would be $254K

the original amount of the loan was $150 started on 2013 i was expecting something around 120K to 130K 

is this numbers make sense to you ?