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New guy and still trying to find my way. Does the current market in Phoenix still support flipping?Which indicators do you use to determine when the market does not support it?Thanks!
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Hey BP, been learning a lot about seller finance, subject to, and all that good stuff.Just want to confirm something here.When seller financing vs traditional sale, one of the perks to the seller is that they don’t ta...
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I buy properties on judicial sale and sell them in as-is condition to investors/rehabbers . I don’t know conditions of properties. I disclose that in the state required disclosure form. I hold the property couple of w...
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I have a question regarding wholesaling in the state of louisiana. In Louisiana, we have what is called "Lesion Beyond Moiety" which states if a property is sold for less than half of the market value at the time of ...
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It seems that about 95% of the Short Sales that I pick up are occupied properties. It is usually not occupied by the owners or their family. I’m from Queens and in the recent years I have come to find out that this is...
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I was driving to the bank the other day and saw a for sale sign in a good neighborhood. Talked to the realtor and she mentioned the owner passed away last year so it’s an estate sale.
What are some questions you’d g...
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I was wondering if there are any tax deferments for selling of a 2nd home and using proceeds to lend to someone for an investment property. Do the standard tax deductions apply when selling a 2nd home? Can you roll th...
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I have a property that I will be purchasing sub to. The owners are great people and they understand the risk pertaining to the due on sale clause and know that if we miss payments it will hurt them.I went to Escrow to...
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I've never done a 1031 personally. Would absolutely get someone qualified involved. That said, I have a client with a condo she bought for $100k and is now selling for $190k. In order to comply with 1031 rules, does s...
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I am currently looking at a 4 unit property, fully rented. My model is to buy properties with cash, renovate, lease and refinance. If purchased and renovated at the right price, this allows me to get my money back a...