Huy Nguyen
Gift of equity
26 August 2024 | 5 replies
They owe 68k, it does need some work, I’m willing to put in the work to bring the value up if I can get it back on the gift, it should be worth about 200k, the house next door sold for 225k.How does gift of equity work?
Francisco Camberos
What would you do?
26 August 2024 | 3 replies
I also offered a credit when he used me as an agent.He told me they weren’t going to renew so I put the property up with the $300 increase.
Mary Jay
What is the proper way to deal with the security dep notice if no forwarding address?
24 August 2024 | 11 replies
I don’t own anything in Arizona, and just looked up the related laws: https://www.azleg.gov/ars/33/01321.htm.It sounds like you may be familiar with them, as you did what’s expected by the letter of the law.
Luis Lozada
Where to look for my first Rental investment
23 August 2024 | 11 replies
Someone will eventually come across an opportunity that works for you.Example: I'm a real estate investor looking for a fixer-upper, single-family home or up to four units.
Mike Moran
long term to short term
22 August 2024 | 7 replies
At closing, and for the 2024 tax year, the replacement likely won't have any income/tenants because it's on a lake and more of a warm-weather rental.Thanks so much.
Tucker Cummings
REI Reply - Too Good To Be True?
23 August 2024 | 181 replies
I did just close on a sub to that also matches my view of a ramp up into 2021 stressed owners due to covid job loss / stress selling their house to me 4 weeks ago sub to, my costs: $2k to the seller 1.5k closing costs...
Ka Vang
Has anyone here successfully used a HELOC on a buy & hold property?
26 August 2024 | 2 replies
if you can "pay the HELOC off aggressively," then you should just... save up a down payment.
Andrew Swaim
did bigger pockets partner with hospitable?
26 August 2024 | 0 replies
if bigger pockets partnered with hospitable, does that mean we can sign up for free?
Zackarias Aitchison
How would you find a syndication mentor
23 August 2024 | 19 replies
That will give you an up-close-and-personal look and give you insight into how to (and perhaps how not to) do deals.
Rusty Scott
Tax Treatment of Agent Commission on Own Purchases
21 August 2024 | 28 replies
The closing credit was not taxable.