Jacob Michaels
Buying seller finance deal and tax implications for inheritance
Hello all,
I'm talking with a seller who is fairly motivated as she is quite elderly (even has a great great grandson). She owns a few properties, each worth about $100,000 and is thinking of selling them. Sh...
Tim Hertz
Paying sister and friend to help on rehab
Hello all,I am doing a rehab and I have a sister and a friend I want to hire to help. They will make over $600, but this is more of an "under the table" cash deal. Can I claim $595 (avoiding 1099 minimum) and not clai...
Eric Trostle
What is the one thing a wholesaler should know before starting?
I've been sitting on the sidelines way too long and need to take some massive action. I've decided that wholesaling is the path i am going to pursue and want to pick everyones brain about what they wish they knew or ...
Navid Goudarzi
FHA loan with a co-borrower and almost no prior income?
Hello, I'm a 20 year old university student from Texas. I've been studying real estate investing outside of school for most of my time at the there. I'm also attending the university for basically free, just to let yo...
Abel Vazquez
Short on closing cost.
So I have a preapproval to buy my first rental property. I lied to my banker and told her I would get the closing cost as a gift from a family member. Basically that plan back fired and I am now short closing cost....
Aaron Moore
Best purchase scenario
Just closed on my first property and I'm looking to purchase my next one in the near future. I'd like to get some advice how I should purchase the second one. One thing I'd like to mention is that I have full access t...
Donald Hendricks
Can Buyer Pay Sellers Capital Gains Tax?
I purchased my home & land in December 2014. Since that time my neighbor sold his land and the new owner and I have been fueding. The new neighbor wants to buy me out. I have agreed to sell, but not until Decem...
Ashley Guerra
who am i supposed to reach out to for certain questions?
hello all, I am an aspiring real estate investor and I have a few questions when starting out. I am currently in the process of eliminating all my debt (about 7000) and then resume my savings. I am aiming for a home b...
Roberto Ramirez
Inherited a piece of land in Lehigh Acres, FL - thinking of building to rent
Hi- recently was gifted a property in Florida (Lehigh Acres) that my in-laws owned for many years but did nothing with it. Wife and I were thinking about building to eventually rent instead of just selling the propert...
Jonathan Rexford
How to Pay Sellers for a Short Sale
Wanted to get a good thread of ideas on how to pay a seller some moving money that would not violate the lenders rules based on the approval letter. Remember it is the LENDER RULES.....NOT LAW on most cases unless it ...