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24 February 2020 | 33 replies
Call the county to determine if the property is classified as homestead or non homestead as this will determine the length of the redemption period (6 months vs. two years).6.
13 October 2017 | 30 replies
Here Send mailers to out-of-state landlords of multifamily housesSend mailers to absentee owners of single family housesSend mailers to vacant land owners (only in specific areas in the path of growth)Place “We Buy houses” flyers/business cards at unemployment offices….a lot of people there could be having trouble with their homes and may need a solutionOne-page Flyers posted on bulletin boards at large storesPost ads on craigslist stating, “We Buy houses”Send emails to craigslist ads with properties for rent (the emails will go to landlords who may be looking to sell, or buying more properties)Mailers to specific zip codes, asking if they want to sell or know someone who doesMailers to divorce attorneys who can refer clientsMailers/emails to FSBOsBuy a “leads list” of landlords from AgentPro247 or RealQuestPost ads on Backpage stating “We Want To Buy Your Property”Send mailers to properties purchased between 3k-20k within last five years (the owner might be a novice flipper who never did anything with the property)Send mailers to Estate/Probate Attorneys (if you have an attorney, consider having them send the letter, because attorneys tend to open mail from other attorneys)Bandit signs: “We Buy Houses”Send mailers to owners who have owned for 15 years or more (these properties tend to be owned free and clear, which means they could be much more flexible with their sales price)Send mailers to people facing foreclosureTarget people who own vacant homes – these are almost always ripe for purchasing at a discountTarget people who are dealing with financial chaos of any sortSend ads/mailers/business cards to Credit Repair Agencies & Credit CounselorsTarget HUD/VA ForeclosuresPurchase leads lists of folks who inherited homesSend mailers to people arrested for violent crimes (going to prison for a long time)Send Mailers/ads/business cards to RealtorsSend mailers to employees who have been laid off (ie “corporate downsizing” in the news)Networking with other investorsLocate list of section 8 approved properties—send mailers to the ownersPost Newspaper classified ads: We Buys housesSend mailers to Properties with liens: Mechanics Liens, HOA Liens, Tax LiensContact sales people at new home subdivisions (their clients will want to sell their OLD houses) or place a sign near a new home subdivisions that say “Sell Your House Fast” with your phone number.
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24 July 2018 | 127 replies
I did something I will not classify as a mistake, but I will never do it again.
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15 July 2023 | 21 replies
The question is about Regional Tenants that could be classified as Strong Commercial Tenants for such as space.
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24 April 2023 | 35 replies
Try Seattle Investors Club or SIC, @Julie Clark is a wealth of knowledge and great ambassador for the area.Additionally we have our monthly meetups in bellevue, WA as well as @Michael Haas with his house hack meetup which usually has great topics, networking, surprise panels of experts sharing great tips, strategies, and ideas.REAPS - real estate association of puget sound - @Angelique Tinney has great panels, monthly meetups in Bellevue, WA and across the sound too.Most of us are local PNW seattle investors and can help coordinate that transition from dade/miami/broward counties.Both FL and WA are no income tax states with relatively low property taxes from what I've seen.
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5 July 2020 | 22 replies
Donald on BiggerPockets, we're not politicians here.I happened to be of the opinion that interest earned by professional private lenders or hard money lenders is ordinary income for their lending businesses (as in "in the business of lending money"), as distinct from portfolio income on passive investments and casual loans.Eamonn - please correct me if I'm wrong and explain how would you classify the income and expenses of a HM lender, let's say operating as a partnership.
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17 October 2022 | 24 replies
Originally posted by @Aaron Smith:I'm compiled a list of neighborhoods in Columbus which I've classified with what I think is A,B,C,D areas.
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28 February 2013 | 5 replies
Entities formed as LLCs that are classified as partnerships for federal income tax purposes have the same filing requirements as domestic partnerships.
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15 July 2015 | 4 replies
Greetings,My house has a small room next to the garage and I did some research on the property and it was classified as "entertainment" there is a gas line in there and the size of it is descent enough to rent it and convert it to a room (legally).How would you guys go about this?