Ashraf Farrag
Thoughts on converting my rental property to a lease option?
I have a fairly steady rental property. It was a former home of mine. I lived in it for 7 years and it has been rented for about 6 years. There still is a mortgage on the property and it has a decent amount of equity ...
Account Closed
Deny applicant due to attitude/inappropriate comments
I worked through an application and was able to approve the applicant. As time has drawn near for move in, utilities have been a topic of conversation. During such - via text message ((in writing)) the applicant made ...
Mauricio Botero
Philly Realty Transfer Tax (x2) when buying from a wholesaler?
As we already know when you buy and sell property in Philadelphia, there is a transfer tax you have to pay that comes out to about 4.2% of the purchase price of the property. https://beta.phila.gov/services/payments-a...
Elizabeth Hernandez
Mobile home Buyer doesn't want it after all, wants money back
Hello everyone, my mom 67 yrs old sold her mobile home AS IS contract (buyer was aware) all documents where fill out, Bill of Sale, Certificate of Title, Registration Card, The buyer just needs to pay the Tax and send...
Adam Keffer
Using a HELOC for Down Payment on a Duplex
Hi All,I've been looking at potential investment properties, mainly duplexes, and want to use the HELOC I have set up on my current residence (owned free and clear, appraised at 165k) for the down payment. The HELOC ...
Brady Miller
Trouble w/ Property manager - options for me?
Hello! This is long, but I really do need help, so if anyone's dealt with similar issues, I'd love to hear input on options. I closed on my 1st ever rental property (SFH) in Indiana November 2018. Got it fixed up and ...
Dustin Mathenia
Buying a non preforming second lien with a non preforming first
Let's start by saying I am a newbie when it comes to not buying or selling. I am trying to get a feeling for what makes a good deal or a bad deal and the different strategies when buying a non preforming note. I'm loo...
Kay Lyn
Living in California. Should I form my LLC in Wyoming??
I'm a California Resident starting an online llc platform, that will be doing business throughout the US. I will be the sole owner and will be residing in california. Is it worth it to form the LLC in Wyoming over Cal...
Brandon Franklin
Do you really need to pay earnest money or can you assign the contract without it?
I have a few questions about wholesaling scenarios. So let's say I have a deal in the works but I don't have the earnest money deposit needed to secure the contract. It's a rental property (duplex) with tenants in ...
Adam L.
Should I start a LLC?
Just starting out in buying rental property, should I create a LLC because of taxes and liability?