I'm considering selling a property to a family member below current market value.  For the purpose of determining potential capital gains/losses, I need to establish a fair market value that will hold up to IRS standa...

hello there! I am brand new to the REI world, and I’ve yet to make my first deal. I’ve been studying a few different programs and I’m confident in my ability to score a wholesale contract soon, but I have a family mem...

Ugh....      I screwed up.   I wanted different email accounts for my real estate and personal so I named my email account with a name "______ properties".  Anyway, its allowed some separation of email which is nice. ...

I recently came across an interesting youtube video laying out an strategy for wholesaling, where the wholesaler basically low-balls as many properties as possible, hoping to find just one or two highly motivated sell...

So I thought I was buying the 1st mortgage here's what happened.2nd Mrg 200K in 2009 - harris bank 1st Mrg 100K in 2007 - harris bank - this is the one that is being foreclosed, but it also has a subordination file.Th...

I had a property under contract in August 2014. After doing inspections, I realized the scope of repairs was too great so I decided not to proceed. The selling agent told me it was no problems and sent me the cancella...

Hi everyone, I recently heard about a method some investors are using. It involves attending foreclosure auctions and identifying any properties that sell for a surplus over the mortgage, lien and junior liens. This a...

So we just bought a 3 bed 2 bath house from Freddie Mac for $24k (cash purchase).  Yes a major fixer upper!  I was telling an acquaintance about it and he said "oh you bought that?,  I heard the bank foreclosed on the...

An acquaintance of mine owns a single-family home that he walked away from 17 months ago. He stopped making mortgage payments and moved into a different home (a rental). Two months ago the mortgage company finally st...

Hello Bigger Pockets, I am a newbie looking to get into either owning rental property or flipping. There is a house down the street I am interested in. Here is the situation:  Our elderly neighbor, (I'll call him Jim)...