So many people are being led into the home flipping business and have tons of gurus teaching on lead generation, follow up and closing deals.

Tim, great advise.

I need some advice on possible options.Here is some of the information about the property and his issue:ARV: 150,000Rents for 1450Minor Repairs (cosmetic)He owes 23,000 to bring the mortgage currentThey will auction the property 5/10/18Can someone please advise on what possible options I have for the seller?

I need some advice on possible options.Here is some of the information about the property and his issue:ARV: 150,000Rents for 1450Minor Repairs (cosmetic)He owes 23,000 to bring the mortgage currentThey will auction the property 5/10/18Can someone please advise on what possible options I have for the seller?

I need some advice on possible options.Here is some of the information about the property and his issue:ARV: 150,000Rents for 1450Minor Repairs (cosmetic)He owes 23,000 to bring the mortgage currentThey will auction the property 5/10/18Original Loan amount 132,000Bank is asking for 145,000 due to fees tacked onCan someone please advise on what possible options I have for the seller?

Now neither I or my mother need the extra income these properties would generate right now.

You were not able to take any of the losses because your income was above $150,000.in 2017 - you have 7,000 of suspended losses and $1000 of loss generated in 2017.You sell the property for $125,000 and your adjusted basis is 78,400(21,600 of accumulated depreciation).You calculate 46,600 of gain but you are entitled to report the $8000 of losses on schedule E.Let me know if you have any questions.

I need some assistance in the sale of his home and ranch, so I am looking for experienced real estate agents who can advise us on what is going on after the Hurricane.I would also love to meet up with some locals in the area who are investing in real estate and see what opportunities there are. 

Please seek the advise of a local attorney who specializes in landlord/tenant law and not those of us in other areas that are stunned by a $4500 relocation fee!!!  

I have a question that I am hoping someone can answer- Why do some people advocate that you never pay a loan down because a loan is a wealth generator?