Mark M.
Can Abandoned Property Removal Costs be deducted?
12 October 2011 | 5 replies
You can use that decision as an argument that it should be the same way in your appellate district, but this is known as "persuasive authority" not "controlling authority".
Danny Day
Short sale nightmare
12 October 2011 | 4 replies
She is in another state, without internet or fax.Day 83 - Get lien information, and contact lien holders - HOA tells me they won't settle.Day 84 - Bank tells me I have 1 week to close and fund or its headed to foreclosure.Day 92 - (8 days later) HOA and 2nd lien want to settle.Day 92+ - Can't get ahold of bank / asset manager.
Kevin Cardinale
So When the FBI Raids the Bank That Has the REO?
13 October 2011 | 3 replies
FDIC usually takes assets over and sells them to other institutions.
Luc M.
FL SFH Inventory Being Held Back
22 November 2011 | 18 replies
On the books it is an asset, and reflects on the reserve status as such. sold, the loss is recorded as a loss of capital, and they loose that reserve amount.
Rich Weese
Are you betting over/under on rental rates in 2012???
17 October 2011 | 12 replies
...I would imagine that many BP landlords are getting Section 8 rent, where the voucher amount and the allowances for utilties by the housing authority end up setting the rent received by the landlord.For your existing tenants, you could probably get away with the bigger increases - if their income was keeping up and other rental units in the area also went up similarly.
Daniel Dietz
Using property held in SDIRA as a 'distribution' after age 59 1/2?
17 October 2011 | 2 replies
However, you can hold onto the property, lease it out to “arms-length” renters, build your retirement account with the rental payments, then take the real estate as a distributed IRA asset when you can take distributions penalty free (after age 59 and a half).
Kevin Cardinale
Down the rabbit hole: spending all day tracking down a property "owner"
15 October 2011 | 10 replies
Said company was none other than Taylor Bean & Whitaker, whom, if you don't know were unceremoniously raided by the FBI, indicted and finally jailed in April.So, after even with a very cooperative title company, I finally ended up at HUD who then sent me to their asset management company, and the final guy said, "I'm sorry, but I have nothing to tell you, we don't have any record of the property."
Hal Cranmer
Finding Contract for Deed Buyers
10 November 2011 | 10 replies
There are other low income programs available and HUD has a lease-option program but it may be on a back burner now, but that has to go through your local Public Housing Authority or Section 8 Administrator.Do not use Sec 8 on your own to do any installment deals!
Cheryl C.
What are you invested in outside of REI?
18 October 2011 | 26 replies
I wanted to ask what investment vehicles/allocations you all make with your assets.
C & J Metzger
Okay BP Nation What are your TOP 5 favorite books on REI?
27 February 2013 | 12 replies
The Big Book of Real Estate, by Robert Kyosaki and contributing authors.