Robert L.
Journal entry question for owner financed note
I sold a house with owner financing. Buyer put a down payment.I am carrying a note for the balance which buyer is making monthly payments. How would you record the journal entries for this type of transaction in cas...
James Brown
Getting a mortgage on a gifted property
I am seeking advice on a family property that I can obtain in which I am looking for a creative way to obtain a mortgage without a downpayment if possible. Is it possible to have a property gifted or quit claimed from...
Alejandro Arciniega
Buying cash then getting a recoup loan tax implications
Hi Guys and Gals! Thanks in advance!!!My wife and I have been getting beaten out by cash offers left and right. The only way to be competitive in our market (So-Cal) is with a cash offer. My mother in law has some cas...
Malik R.
Complexity of buying for a family member
I hope I can explain my dilemma properly. I'm involved with buying the first rental property for our daughter. She wasn't available for the process so I made the offer in my name. The offer is accepted and we have abo...
Jim S
Need help with REO Multi
Looking into what seems to be a good deal. I have always invested in single families so a multi unit REO with tenants is possing some issues.
The building is a 4 unit and it has been on the market for about a year. Th...
Adam Moody
Cash out refinance with no seasoning period
Hey guys! I'm a new member of the BiggerPockets community and new investor in the Houston/Texas market. I was hoping to learn some tips and tricks surrounding cash out re-financing on rental properties. I have read th...
Jacqueline Gonzalez
New investment ideas
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $180,000
Cash invested: $60,000
This house was bought by my exhusband and he gave it to me. There is a tenant, cash...
Gage Bohn
Live and Fix and Flip
Investment Info:
Single-family residence other investment.
Purchase price: $46,000
Cash invested: $38,000
Sale price: $68,000
Live in fix and flip, admittedly the cash for deposit was a gift, le...
Thomas Wever
Family member transfer of property so we can pull equity?
Hi everyone,So we have been trying to invest in Florida for the last year, while just monitoring different markets in our area and running numbers but so far nothing. My question is about how we can finance our invest...
Scott Trench
Please Help BiggerPockets Partner with Home Depot!
Hi BP Community! As you may have noticed, we recently launched some Pro Perks that give Pro Users like many of you discounts to important real estate investing products and services - these are significant discounts ...