Ken Sanders
LLC owns my primary residence -- $250k exemption apply???
1 February 2012 | 6 replies
Just be very careful in the future to make sure you ask a tax advisor before making major financial decisions.
Herm M.
What to do with a high BPO?
27 March 2012 | 5 replies
What tactics can be used to get a property after it's been BPO'd for full FMV??
Bret Bordwell
Is your local bank lending to value?
3 February 2012 | 21 replies
Agreed, and even then, most banks will use the purchase price for upwards of a year.I don't know if you're trying to use the value as a way to borrower more, but if you are, that's not a viable tactic in this market.
Thomas Handy
It's Feb 2012, what did you accomplish in the first month
20 February 2012 | 32 replies
The goal is 10 over the next 2 years;- Found out that the one portfolio lender in Atlanta (at least the only one I know about) stopped lending on rehab properties, so my major source of leverage was cut off;- Raised $150K in private money...a first step to replacing some of the leverage lost when my bank stopped lending;- Put 3 properties (to be flipped) under contract, though one fell out of contract during due diligence;- Haven't been able to get a contract on the one property we've had listed for about 3 weeks;- Despite lots of offers, haven't been able to get contracts on any of the other properties that we've had listed for other investors (one of the slowest months I've seen for buyers in several years);- Got lots of "nasty" emails from blog readers asking why I've slowed down my posting... :(- Had the IRS issue a ruling on my use of a large chunk of my retirement funds -- they determined that I get to keep my money
Keith Schulz
Where is your local market headed? Has it turned the corner?
4 February 2012 | 15 replies
While it feels we are past any major drops/corrections in parts of SoCal, I cannot help but look at other parts that have a long way to move.
Johnson H.
Buy & Hold Exit Strategy
15 May 2012 | 15 replies
I also try to buy as much property with high LTV's of which the majority are owner financed properties.
Lynn Harrison
How to find a good buyer's agent? And make it worth their while?
14 February 2012 | 27 replies
The majority of people are decent people.
Rusty Thompson
How would you handle this deal
8 February 2012 | 7 replies
90,000k Duplex 2/1 & 1/1 in need of major renovations on a 9500 sq ft. lot.
Danny Day
REO / Foreclosure Supply Down?
14 February 2012 | 24 replies
Look for the major Private Equity/REIT players to announce BIG Residential REO take downs over the next few months.
Luis A.
Changing bloggin platforms - need feedback
10 February 2012 | 0 replies
You can see the majority of my flipped properties at: http://www.wealth-steps.com/flip-that-house.htmlHowever I found that platform not very user friendly to post pictures or for visitors to leave comments so I am trying Blogger now.