All Forum Posts by: Quianay Laing

@Andy Mirza

Yes! Thank you. We’ve been calling and visiting the county offices and I just left befuddled. Thanks so much!

We are trying to purchase a home from the sheriff sale. We spent some time doing initial research and also some time in the prothonotary’s office. The woman at the sheriffs real estate office said we are also on the hook for the mortgage. I keep hearing we are and we aren’t on the hook for all liens including mortgage. It’s so confusing.

I’ve read some forum posts but asking once and for all—

when you buy at sheriffs sale, are you paying BOTH your initial bid price AND buying a mortgage??? If so please tell me how REI make money doing this it's utterly confounding to me.

Many thanks,

Quianay

@Jamie McCauley congratulations!!!!!

@Jaron Walling thank you!!!

Hi there!! We are doing our first flip and are debating where to put the income going forward in terms of managing our business.. We know we are going to immediately use some to purchase more property.

Those of you who flip- do you draw a salary from your business? (Thank you)

@Bret N.

That’s awesome! We are just starting out but we intend to help people learn how to make extra money via rei

@Michael Seeker

Hi there this is an excellent response. My husband and I are also just getting started and we were wondering whether to take a salary from the business as well. Thanks so much it gives me great questions to ask the accountant.

@Caleb Heimsoth thank you

@David Roe thank you so much!

@Ryan Ingram thank you 😊