Jason Smith
IRS lien AFTER foreclosure
After going under contract with auction.com on a property we found out that the IRS has placed a lien on the home we are purchasing in Texas. Does anyone have any experience with IRS liens? What we're trying to det...
Christian Rodriguez
Are Short Sales A good Idea?
Hello Everyone, I just had a question to all of you that I've been a bit torn about. I have heard on a bigger pockets podcast with J. Scott about how one should try to avoid short sales being that we are at a peak in ...
Herm M.
Who's still flipping shorts? What are the current trends?
Are more deals closing now than 2 years ago?
Are you having difficulty getting your price today versus two years ago?
Nick M.
Would I have to pay taxes on selling the property?
Hi All,
Hope this note finds you healthy.
I'm selling a property which at the surface would make it seem that I am making a profit. However, after taking into account closing costs (from purchase and then sale), Ca...
Rachel Joey
Rental properties exchanged to one property
I am learning a new concept of 1031 Exchange. Can an investor do a -1031 exchange by selling 2 rental properties and then use the proceeds to buy one rental property? The new rental price is about the same or higher t...
Justin Seng
Structuring a delinquent tax deal
Is it possible to structure a fix and flip deal like this....
Off market house. Owner owes $10,000 in back taxes.
My offer...
Pay back taxes off now and offer home owner 40% of the fix and flip sale price.
Numb...
Barry H.
1031 exchange to fund down payment on development project
Would the capital gains from selling an investment property held in a particular LLC be eligible for a 1031 exchange fund if it is applied to a down payment on a commercial development owned by same LLC that broke ...
Robert Ellis
Southern Orchards Columbus Ohio 2018 to 2019 Analysis
Southern Orchards is an area that has seen a lot of interest in Columbus Ohio. I myself hadn't done a flip here until 2019. Since the year is over, it's a great time to look at these areas. In this post I'm going to l...
Mike F.
I have a wholesaling question
hey guys and gals,
I have a question regarding a wholesaling situation I may partake in.
I found a family that was looking for a property in a specific area with a specific number of beds and baths (we...
Eric Huang
HELOC appraisal value too low
Hello all, I recently got a HELOC on my primary residence quote up to 85% LTV for a rate of 4.375: Prime rate + 1.125%. However, the appraisal value is about $70K-90K lower than I expected. The lender mentioned that I...