Brandon Paul
Do real estate agents often refer clients to property managers?
I know a lot of realtors like to focus solely on selling and aren't interesting in managing properties themselves.
Do realtors refer clients to property managers?
And if so are they getting paid referral fees? Do th...
Michael Dang
What is reported on 1099 when selling a property with a mortgage?
Hi All,I sold my first property which had a mortgage. What is suppose to be reported on the title company's form 1099-S in box 2? Is it the selling price of the property?Shouldn't it be net price? Selling price - o...
Alex Wiley
How would buyer obtain possession?
"REO Occupied - the seller does not represent or guarantee occupancy status. NO VIEWINGS of this property. Please DO NOT DISTURB the occupant. "As is" cash only sale with no contingencies or inspections. Buyer will be...
Julie Kalar
taxes on the sale of a 12 unit apartment
hello i am looking a purchasing a 12 unit apartment in olympia, wa. The current owner bought it for 625000.00 25 years ago, she hasnt done any maintenance to it and i am looking at asking 850000.00 with owner financin...
Nicholas Hooyman
Wholesaling: separating the real from pretend end buyers
I recently read Nasar Elarabi's article about mistakes to avoid when you're a newbie wholesaler. Well, I'm a newbie wholesaler, so this is of particular intrigue to me. My question is about something he said in his ...
Len Miller
Like kind query
I am in search of info as to whether i can sell farmland that i have operated personally in exchange for rental properties (housing) . What i find at irs.gov seems to work, however my bookkeeper says its not like kind...
Dan N.
I am in a Mortgage Conundrum - please help
My wife and I just added our children to the deed of our house, which we currently have a mortgage on. We also happen to be in the middle of applying for a HELOC with the same mortgage lender. We started the applicati...
Anthony Cross
Federal Tax Liens in Foreclosure
In a mortgage foreclosure, if the owner being foreclosed on has federal tax liens filed against him, will the property remain subject to all or a portion of the federal tax liens once a foreclosure sale is completed?M...
Cathy Chang
tax deduction on equipment
Hi BPers,I bought a used printer and laptop for my rental business. Can I deduct the expenses when do tax? Since I bought them through garage sale, I dont have receipts. Is this doable? What do I need as for proof?Man...
Josh Jimenez
10M a Year Commercial RE
Hello,
I am just curious about what it would really take to make $10m a year in commercial investing. In particular multifamily and shopping centers. Would most of this come from just cash flow or mostly flipping an...