Walter Holmes
My tech project for foreclosure auction investing.
18 October 2020 | 4 replies
I started this project hoping i could efficiently review the most amount of properties in order to maximize the potential investment options to bid at auction....this is what I have so far.First thing i did was to create the listings, I matched the properties been auctioned with their corresponding pics and the property specs (rooms, size, floors etc.).Second, for each property I automated the data collection process from public records and created a report with: Foreclosure info, owner info, taxes data, liens including mortgages , satisfaction of mortgages, assigments, violations and permits and court dockets.This data is updated daily to capture new filings (specially the dockets to capture bk and motions to cancel sales)Now that i have the data i can apply my personal "preferences" to go through the report and in a few minutes discard properties that have certain attributes I "dislike".
Patrick Sears
Offering seller financing on mobiles on land
28 October 2020 | 9 replies
I would suggest you proceed with extreme caution.
Jason Velie
Advanced Taxation Question Related to Opportunity Zones
19 October 2020 | 9 replies
In regards to the STG vs Income question, based on what I’ve read on the IRS’ website, the proceeds from my flip would be considered STG, because the IRS wouldn’t consider me a dealer.
Jared Hettler
Is a quiet title necessary?
28 October 2020 | 14 replies
If there is a defect during the sale process (which is common), the court will protect everyone else before the buyer.
Wes Jelen
Mobile home parks : lot rent vs park owned
24 October 2020 | 8 replies
Not to discourage you, but it would be a lot simpler and likely more profitable to sell the land and use the proceeds to buy an existing park.
Terry O'Brien
Anyone having trouble removing tenants?
2 November 2020 | 4 replies
I have filed a Tenant Holding Over since their lease has now expired and I received a court date in March.
Matthew Lessard
Break and enter question
18 October 2020 | 1 reply
File a Small Claims Court complaint against him right away; you may also want to ask the police to modify the police report to add you as a victim due to the damage done to your property.
Ben H.
FSBO - working with a buyer's agent
18 October 2020 | 1 reply
Any thoughts on how best to proceed?
Jessica Seppo
Tax question on selling previous primary residence
19 October 2020 | 9 replies
The way you handle the allocation of sales proceeds depends on the amount of recapture.I am sure you are not going to allocate more than a basis as proceeds to the furnitures because they don’t appreciate.
Michael Plaks
How to avoid ALL taxes on your high W2 income
18 October 2020 | 1 reply
This is one of my all-time favorite Tax Court cases.