Mark Davis
inherited a tenant from a judicial sale purchase!
My brother and i purchased a house at a judicial sale in Chester County.the house has 3 units in it. we had visited the house several times prior to the sale, knocking on the doors with no response.after the sale, i...
Lorenzo Prieto
Rental/House Flip or House Hack
Hello,
I've recently had an interesting real estate opportunity pop up. I've been looking for a duplex to do a house hack for my first property and have been getting out bid. I now have an opportunity to purchase a ...
Josh Edelman
March Quick Data Points and News: Las Vegas
Real Estate Update
Some data points for March 2023 Median Sales Price: $430,000
New Listings: 2,298 (down 29% compared to March last year)
Days on Market Until Sale: 29
Months Supply...
Annette Plummer
How to sell a single family rental in Raleigh NC
My single family home has a strong rental history (8+ years) and is currently occupied. I would like to sell the property to another investor and do a 1031 exchange. Not sure how to start or where the best place to ...
Tim Linford
Rental depreciation recapture and capital gains tax
Doing some tax planning and was I was curious if anyone had insight on this scenario. I am an "Active RE Investor" so I apply all my rental losses to offset my ordinary income as a " RE wholesaler". (hope this is ok...
Meghan McCallum
Has anyone bought a sorority or frat house before?
Hi all!I was presented with an opportunity to purchase a sorority house at a large University. It would sleep 65 students but they don't have single rooms some are tris, quads, and even 5 to a sleeping room. Has anyon...
William Farnsworth
Negotiating Additional Reduction Short Sale Reverse Mortgage
My grandfather passed at the end of August with a reverse mortgage in excess of $850k on his home that was recently appraised at $585k. HUD has informed us that they'll accept a short sale for 95% ($557k). I had the t...
Dustin Hood
Foreclosure owner decreased - Texas
Hey guys, I’m looking into buying a foreclosure before it hits the auction in Texas. The owner is deceased, therefore the mortgage hasn’t been paid and is now foreclosing. He was divorced, and only his name was on the...
Tony Castronovo
How to market my single family portfolio for sale
I am currently preparing to sell off my portfolio of single family homes and assembling an offering memorandum / marketing package. As an investor who might be interested in purchasing a portfolio, what would you exp...
Account Closed
Is Costar worth the money?
Hi Everyone,Anyone have any first hand experience with Costar? My small family business owns and manages some commercial properties in the inland empire, CA. I'm the only "computer savvy" one and I want to try and use...