Account Closed
Help me analyze Deal
Found a owner selling a 2 family, The asking price is 55k and the yearly taxes are 2500. The 2nd floor is rented out at 625, the first floor is vacant but could get 650-675 2 bedroom but has a den. All the rehab is do...
Scott M.
Tax Implications of 6+ Land Contracts
Hey all -
As I understand it one person or company can complete 5 land contracts and only be taxed on the actual payments (installments of say $1,000 / month).
However - if one person or company does 6 or more land...
Account Closed
Real estate to become regulated
It seems that there is more and more talk about how any future housing bubble will be prevented. Bankers and monetary officials are discussing using interest rates and other means to prevent this in the future.
I do...
Christian Marin
Help!!! Buyer's List Fails. What do I do?
I currently have a deal under contract that I found that I thought has a huge equity position. Now the buyer's in my list are unable to perform. The worst part is the one buyer I specifically found the property for I ...
Charlie Moore
I pay for water bill... they are 2000 dollars behind
My tenants are responsible for the water and the water bills It’s our agreement However if they don’t pay itTownship puts LIEN ON ME!! And my property!!!!!! - Can I turn off the water? They are currently 2k behind. Ye...
Nichole Dillabough
It literally burns to breathe in my home
I just recently moved into the historic district of Colorado Springs, and it's so great! I love the character of the area. However, recently whenever I am home, my allergies are making life miserable. Since it is an o...
Mitch Stephen
FLIP using PRIVATE MONEY & OWNER FINANCING
@James Hiddle
I think we're not on the same page Hiddle.
I don't think buying a house for $50,000 and then selling it for $100,000 is a crappy deal.
Here's an example of a typical deal for me...and I've done this man...
John Blanton
How Quickly Can You 1031
I recently closed on a 14 unit MF property in Central NC. I was able to get it at a fairly low basis and it appraised well above the contract price.I have spoken to brokers that have told me if they being me an offer ...
Daniel J Jackson
Pets for more rent or no pets for less?
Hello all:I just finished rehabbing one side of a duplex and have two great tenant candidates.OPTION A: Will pay $1,250 and has no pets. 2 adults and 2 young kids. Great all around.OPTION B: Will pay $1,250 + $75/mo...
Abraham Williams
Hello from San Francisco
Hello Bigger Pockets People, I'm Abraham Williams and live in San Francisco. I started investing in single family homes (probably the last time I spell that out here) in 2007 and have properties in Denver, Oklahoma Ci...