fantastic way to look at things, I always talk about how small the real estate world really is, and this is another great example.

I'm an agent in Oklahoma and we have a Seller Finance addendum written up by the state real estate commission that functions just like an FHA or Conventional Loan addendum to a sales contract.This is, of course, standard when you purchase a home with bank financing.

Very new to real estate investing.

I’m a firm believer in that before one masters any creative or wealth building strategy in real estate investing, they need to master three things; (1) real estate PRINCIPLES, (2) real estate LAW, (3) real estate FINANCE.  

Hello All 👋🏼I am a Property Manager looking to connect with like-minded real estate enthusiasts.

It sounds like you’re aiming to offset your W-2 income with potential real estate losses, which can be tricky if you don’t qualify as a Real Estate Professional.To qualify as a Real Estate Professional, you or your spouse need to spend more than 50% of your working hours and at least 750 hours annually on real estate activities.

If the lender has not foreclosed or taken a deed in lieu, then the seller is the current owner which is the BK estate. 

If there are excess funds after paying the local/school real estate tax bill, the remainder can go to:Current real estate taxesCurrent Muncipal liens for water/sewer or any other bill initiated by the municipalityState Liens, usually for outstanding state taxes, sometimes employee/employer taxesPA State Inheritance Tax which applies to all deceased owners and starts at dollar one with no exemptions, unlike the Federal Estate Tax. 

Hi BP Community,I recently joined after discovering Real Estate Rookie podcast, and my partner and I are looking to invest in real estate in Maryland.

I am a new real estate investor who is looking to close on my first deal in the next 2 weeks and I want to be prepared for tax season.