Courtney Olson
Conventional loan with repairs questions for a Rental
13 May 2024 | 7 replies
Since the property is there, I can only do investor loans in AL, but from a consumer standpoint you can do Conventional, FHA, VA, and USDA as a renovation loan where you take the cost of the property plus the cost of the renovations as your purchase price up to the value of an "As-Repaired" appraisal.
Kimberly Paul
Misrepresentation by Real Estate Agent Seeking Advice
13 May 2024 | 2 replies
I purchased a home from a for sale by owner, with myself as the homebuyer and the seller navigating the process without a real estate agent.
Matthew Hoffmann
Writing a creative commercial offer
13 May 2024 | 7 replies
Bank financing the purchase price and seller financing the down payment.
Kenji Tominaga
County Mortgage Tax paid by the Buyer?
13 May 2024 | 4 replies
Hi masters,I have a question about the county mortgage tax when purchasing a property.I'm quoting a mortgage from 3 lenders for a small multi-family in Bushwick/Ridgewood area (Brooklyn NY), and one of them estimated the county mortgage tax in their quote when the other 2 didn't.If anyone has some knowledges to share with this, I would appreciate it.
Diane Conner
Question about partnerships investing in properties
13 May 2024 | 2 replies
I have a business opportunity to partner with a friend in purchasing Property.
Account Closed
Does a FORECLOSURE on a rental property qualify as a fully taxable disposition?
13 May 2024 | 0 replies
According to the IRS Office of Chief Counsel, a foreclosure on a rental property does indeed constitute a fully taxable disposition, potentially releasing previously suspended rental losses for deduction.Consider a scenario where a landlord purchases a property for $1 million, financed entirely through a mortgage.
Xavier Wilcher
Upton Marble Hill Multifamily Unit
13 May 2024 | 0 replies
Purchase price: $360,000 Cash invested: $22,000 3 unit home in Upton Marble Hill. 2 of 3 Units are rented and bringing in $2400 a month in gross revenue.
Alex Larcheveque
Newbie to New Construction
14 May 2024 | 7 replies
The purchasing of land and getting the financing for the build is the easy part
Stuart Udis
Don't Fall For This Trap As A BRRRR Investor
14 May 2024 | 10 replies
All the properties I currently own (or have ever owed) are worth at least 2x the purchase price.
Brian Pfeil
Investments For Maintaining 50+ Year Old Home in Florida
13 May 2024 | 3 replies
Two years ago I purchased a duplex that was recently flipped, but the house is over 50 years old.