Mona Russo
Tax Ramifications of Quitclaim Deed
Hi Everyone.My 78-year-old mother owns a rental house in Texas. She is tired of being a landlord, and she wants to quitclaim the property to me. If she quitclaims her interest to me, is that a taxable event for eith...
Padric Lynch
Donating Cashflow to the Navy Marine Corps Relief Society
BP,I am an investor and a Marine in the Eastern North Carolina area, specifically Newport, NC. MCAS Cherry Point and Marine Corps Base Camp Lejeune are the military installations in this area. I have been bouncing aro...
KC Zhang
What happens to 2nd position if 1st initiated foreclosure?
I'm looking at several 2nd NPNs for purchase. Several of 1st position holder started the foreclosure process. The underlying assets have enough equity (FMV) to cover both 1st and 2nd. How can 2nd note holder ensure th...
Tanner Gregurich
Motivated newbie from Des Moines, Iowa
Just wanted to say hello to everyone on BP and if anyone knows of any good investors in the Des Moines area I’m open to all the suggestions. Also if there’s a particular method on finding a good investor that would be...
NA NA
Wholesaler and title issues
Hi guys have a couple of qns abt wholesalersHeard there r investors acquiring hses from wholesalers for buy and hold but the problem is most wholesalers have hses with no clear title and purchasing them is taking ove...
John H.
House got soaked during new roof
Had a friend call from VT yesterday, house was 90% rehabbed when they did the roof and were caught by a down pour. Its a 1945 story and a half house with slanted 2n't floor ceilings and no attic.
You can see most ne...
Jack Levy
Im buying my fist house in a few hours , need help
Im buying a house from an auction from ohio and i live in PA. The buyer told me to call the title company in that area which is strange because I assume the seller is responsible for the deed transfer but anyways wha...
David S.
Input please!
Hi,
I am getting back into real estate after a few years away. Looking at a property in a well established neighborhood. It's a short sale, I can pick it up for $73k, needs $20k of rehab, ARV is $125,000. I am comi...
Jeff Lee
Need Closing Cost Help/Information
I'm a bit ignorant when it comes to closing costs. I've made a 100% cash offer on a home and I'm not sure how to proceed.1. What items are there?2. Where/Who can I obtain what is required?3. Can I pick the company for...
Assad Oskuei
Look at this BOWED CHIMNEY!!! ...................................
Hey guys,
I am under contract for a property that has a bowed chimney. They put on a new roof 10 years ago and never touched the chimney. There is evidence of previous leaks around the chimney which has been patched...