Natalie Johnstone
Tax defaulted property auctions
24 November 2024 | 11 replies
My estimate is that maybe 1 out of 10 “normal” properties are not redeemed.
Bruce Lynn
Everyone wants to buy a foreclosure until they get to see inside the property
1 December 2024 | 134 replies
What they are showing in that link is normal.
Adriana V Alvarado
Invest in Bay Area California? Just starting Out
5 December 2024 | 22 replies
Also for rentals condos are normally very tough to make money.
Melanie Baldridge
One of the best strategies?
26 November 2024 | 4 replies
Problem is only "RE pros" get to do it.There are 3 income classifications in the US - Active, Portfolio, and PassiveActive income is income derived from your job, or normal trade or business.Portfolio income is derived from bank instruments - stocks, bonds, etc.Passive income is income earned from investments.Active losses can wipe out both passive and portfolio income, but it doesn't work the other way around.Portfolio (capital) losses are limited to $3,000 annually.Passive losses can only be offset by passive gains.Real estate rental income by its nature is deemed passive per IRC Sec 469One way to get around it is to become a pro - spend more than 750 hours or 1/2 your time in real estate.But most folks aren't real estate pros.
Sarah Minor
Closed on investment property 5 days ago and have not been paid
26 November 2024 | 5 replies
I just have never heard of this kind of experience and am wondering if others have run into any debacle like this. title company checks normally dont get held I know mine never do.. last year when first american got hacked I had closed a deal and had a nice size proceed wire due and it took 6 or 7 days for FATCO to get the wire out to me..
Adam Bartomeo
Cape Coral / Ft. Myers / SWFL Market Update Nov 2024
26 November 2024 | 3 replies
And anytime you have that cheap of lots that are buildable you can get a building boom that will far surpass normal absorption liike what we are seeing now or saw what 3 years ago or so.. builders / GCs taking on 50 jobs at once with no hope of ever being able to deliver simply not enough subs and such to keep up.
Tim Callahan
In Maine, can I use a tenant's security deposit to cover legal fees for an eviction?
26 November 2024 | 4 replies
For a $1,500 rental, the prorated rent is normally $50/day.
Charles Burgess
Upside & Downside of Buying All 1Bedroom Apartments
25 November 2024 | 2 replies
Outside of normal deal analysis (market info, cashflow, etc.), are there any particular upsides or downsides of purchasing all single bedroom units vs. a more traditional mix of units for a property that size?
Vhernadette Sasing
Investing strategies to replace $500k+ W2 income
5 December 2024 | 37 replies
The investors that I work with value that we act as their boots on the ground for the transaction and normally use the equity gain to buy the next property.
Val Berechet
Is it still a good idea to invest in Tulum, Mexico?
11 December 2024 | 101 replies
The current 6% mortgage interest rate is actually normal in a historical perspective and a lot of US real estate isn't profitable with such a rate and it might not go back down to a real-estate friendly level for a long time.