Jon Haney
Selling a rental property for less than it's worth
Hi, quick question about selling a rental property for less than it's worth and tax implications.I purchased a rental property on 9/1/2022 for $40k, paid $4k in closing costs, and over the course of 2023 paid around $...
Cynthia R.
Help should I sell current investment for seed Money?
Hello, happy to finally make a post after many months of thinking of what to do next. Onto the point, I need help/advice on the best options. I’ve had a manufactured home in Las Vegas unsuccessfully sold twice now eve...
Edilson Gomes
Best way to recover lost funds after eviction?
Hi all, I started an eviction process in September using a lawyer and I finally got the inherited tenants out last week. I knew they would try to make the process as complicated as they could and take advantage of MA ...
John Schnyderite
Hold or take a loss
Let me preface this by saying I'm not really an investor but find some very valuable info on this site.
I purchased a condo in 2009 which last lost some value in the past few years. My fiancee and I are look...
Curt Smith
filing taxes on a note that I foreclosed on AND got the property back a low FMV.
I did search BP on this topic. Apologies if I missed a thread! I am almost an expert in RE taxes and self file. Just currious re any unforeseen issues with foreclosing the note AND getting the property back with F...
D D
Take it or not?
So I am renting out my first property in Phoenix. It is a house I lived in for 6 years so after my wife and I were just married we naturally bought another home. The mortage and impounds come to $1175/month and the ar...
Anastasia Tran
Should I sell my property for a loss?
Should I sell my property for a loss?Purchase price: $300kFHA loan with 3.5% downMonthly Rent: $2,800Monthly Mortgage payment: $1,935 Water bill: $70Last year it costs me $7k on repair because it is an old property.I ...
Alan Mills
Colorado Eviction Question
Working through my first eviction without an attorney in Colorado. County Clerk suggested that once I retake possession of the property, that it is could be difficult to get a settlement for any future unpaid rents th...
Viral Patel
Insurance Claim for roof replacement
I opened the roof claim to see if the insurance covers everything. The adjustor visited home and based on deduction and deprecation, 45% of the roof will be paid by LM. However, while I was evaluating to replace or re...
Jessie Dillon
Commercial loans & personal guarantees
Hi all! An interesting question has come up in my circle & wondering if anyone WORKING IN commercial loans can answer this for us: Example:A new LLC is created for a group of people to purchase a property in. Owne...