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31 May 2024 | 3 replies
(g) Any federal Internal Revenue Service liens that, pursuant to provisions of federal law, are not discharged by the sale, even though the tax collector has provided proper notice to the Internal Revenue Service before that date.
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31 May 2024 | 37 replies
Through a lot of documentation, I also called out the title company for never providing me a earnest money receipted check or wire transfer - I simply got a letterhead saying the money had been deposited.
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30 May 2024 | 3 replies
Greetings BP folks,My wife and I are negotiating a deal in our area for a home that has a tax lien from the city and county.We have been working with the seller for quite some time and were offered the opportunity to purchase the home at a great price, we also have agreed to pay off the tax lien in addition to the purchase price.
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30 May 2024 | 2 replies
Renting out a room, pet sitting, freelance gigs, and exploring opportunities in real estate wholesaling are all good suggestions for generating additional income.
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30 May 2024 | 2 replies
@Benton PruittThe original lender should provide a short sale approval letter noting as long as they get x at closing…The second lien holder will be more problematic.
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30 May 2024 | 9 replies
These expenditures are capitalized, meaning they are added to the property's basis and depreciated over time.Examples of Capital ExpendituresBuilding Additions: Adding a new room, deck, or other structural improvements.Major Renovations: Remodeling a kitchen or bathroom, replacing the roof, or significant electrical and plumbing upgrades.Appliance Replacement: Installing new HVAC systems, water heaters, or other major appliances.Structural Repairs: Replacing the foundation or significant repairs to the building’s structure.Labor CostsLabor Costs: The costs paid to contractors, electricians, plumbers, carpenters, and other professionals involved in the renovation are part of capital expenditures.Example of Capital Expenditures with LaborSuppose you renovate a rental property, including a new kitchen and bathroom.Materials: $15,000Labor Costs: $10,000Total Capital Expenditure: $25,000This $25,000 would be capitalized and added to the property's basis.
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30 May 2024 | 13 replies
In addition, many townhomes have a splash pool and all of the communities have a clubhouse with resort style pools and many have lazy rivers in addition to the homes having pools.
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30 May 2024 | 9 replies
I have a potential hard money cash provider to fund the acquisition of land and fund new construction build.
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30 May 2024 | 7 replies
I'd be happy to connect and provide more insight into different markets.
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30 May 2024 | 47 replies
Additionally, there is no REA org here that I'm tracking.