Agnes Fox
DOuble Taxation in PA?
Hello everyone,I am a wholesaler in PA. Just spoke to a title company and the attorney there told me that in PA I am a subject to paying taxes twice. First transfer tax between me and the seller, then the second time ...
Tim M.
Couple of 1031 questions
Hi all,
I have a couple of questions on 1031 exchanges, both may be stupid, but this is what happens when I sit and daydream about real estate transactions:
1. Is there a way for a person to get a loan to buy, in my...
Ben Bakhshi
Selling a home via Land Contract (Ohio)
I am in a bit of a dilemma and would love some BP feedback.
Was almost in contract for $10,000 cash purchase. Buyer backed out (was waiting for a tax refund that didn't add up).
Same buyer made a Land C...
Brandi Beer
Potential property with single wide on it.
Newbie here and wanted some insight on potential property. Landowner doesn't want to deal with mobile home owner renting land since not enough rent and the whole COVID kickout rules. I've talked with single wide mobil...
Dustin Crawford
Cash in Indexed Annuity IRA for first Investment Property?
Yay! My first post!I'm wanting to buy my first rental property in the next six months. I can go and get a mortgage on a rent home, or I can cash out my IRA from a previous job. I am now a public school teacher in Texa...
Andre Olsen
Cash for down payments
Hi all,
Hopefully posting in the correct place (newbie). my partner and I are looking at investing. We make 120k gross income and an additional 50k in cash tips. Couple questions:
1) Can we use cash for down payme...
Seth Sias
Seller Financing ins and outs for someone who has never used it
Hi guys!
I am working on my first potential Seller-financed deal.. What advice can you give me on how to have the loan structured? How are taxes handled and are there insurance requirements? I want to learn as much ...
Troy Peterson
Most Difficult Wholesale Deal We've Ever Done
Investment Info:
Single-family residence wholesale investment.
Purchase price: $52,900
Cash invested: $52,900
Sale price: $150,000
Most difficult wholesale deal we've done. originally bailed it ...
Samantha Perez
Bank Statement Loan Trap?
My wife and I are self employed and have reached out to Sprout Mortgage to help us do a bank statement loan. We both have good (700+) credit so the agent said that we can possibly put as little as 10% down. I understa...
Ezra Tingler
Possible deal?
Hello all,I have a question that perhaps you guys may have some insight into. I have been driving past this one property almost everyday for over a year on my way to work and it looks bad. But I see huge potential. ...