Vinh Nguyen
buying through wholesaling
1 March 2024 | 2 replies
@Vinh NguyenI am not an attorney but as I understand it, if cash is accepted as a portion of a home sale that isn't reported to the government, it is considered tax fraud.
Robert Ashmore
My 4th House Fix and Flip
1 March 2024 | 1 reply
Purchase price: $234,000 Cash invested: $98,000 Sale price: $380,000 This older house and the owner was a Hoarder, both cats and material junk. removed Five (5), 40 yard dumpsters of junk.
Alex Ng
Does 1 year of 1099 form enough for an FHA 203k or a Homestyle loan?
1 March 2024 | 4 replies
Talk to a lender and find out (probably a couple of lenders).Ask here for lenders to DM you (they aren't supposed to DM without you asking them to).Remember, lenders want to loan money - they will work with you to figure what products they have that can work with your situation.
Seena N.
California resident sold rental property in Georgia - CA capital gains??
1 March 2024 | 4 replies
Since this was a rental you'll also pay depreciation recapture on sale.
Dyan Gonzales
25 Year old Buy and Hold- For Sale
28 February 2024 | 1 reply
The home needed cleaning before the sale.
Dan Kim
Looking for private money lending partnership
1 March 2024 | 6 replies
I'll figure out how to rephrase my post!
Rich Chen
Buying real estate property doesn't make financial sense
1 March 2024 | 8 replies
I just ran a quick one using your figures on NerdWallet, and by year 30 you've spent $1.9 million on rent and $2.0 million on the purchase, but the house (using your 5% appreciation figure) is now worth $4.3 million.
Steven Baker
1031 New build sale into like kind
28 February 2024 | 5 replies
Property that is purchased and fixed then sold generally falls under intended primarily for sale.
Nadia Daggett
Foreclosures starting to pop up
1 March 2024 | 13 replies
On the HUD site there are 1,128 Sheriffs Sales, 1,392 Foreclosures, 89,031 Bankruptcies and 222,031 Tax Liens with a map and the amount in each County.
Hector Escobar
Turning point ion real estate career
1 March 2024 | 0 replies
Purchase price: $39,000 Cash invested: $250,000 Sale price: $420,000 Teardown and built a complete new home.