Eric Williams
Tax Treatment: Sale of Personal Residence
I see a lot of questions about personal residence disposals and their tax treatment so I figured I would just post a quick summary.
I once read that there is no other asset class given greater preference by tax law t...
Tyler Piciullo
Section 8 Question On Rents. (Section 8 Experts NEEDED)
Hi. Let's say that for a zipcode the local Section 8 HUD Payment Schedule is $2500 after utility deductions call it $2300. Now let's say the going rent in that zipcode is $2,900 for a non-section 8 program tenant.Ques...
Brandon Sturgill
Drafting a Personal Financial Statement as a New Investor
So, I have been struggling for some time to draft a cohesive financial statement. I have a W2 job and routine living expenses, so my cash is always in flux. And I rehab and resale, so any profit I make is instantly ro...
Ashley Swift
What's a good deal?
what is a good deal to an investor? If the home is worth 355k and I purchase it for 300k would 55k be an okay amount to present to my buyers? I would hate to waste their time & the distressed sellers home, contact...
Willie Mckinney
Is this normal????
Hey Group maybe someone here can help. I am a Wholesaler in Toledo, been at it for about 3yrs. I have done a few deals last year. I am following the way that I have been taught, but I can't even get one under contract...
Pradeep A.
personal finance software with loan amortization feature
Hi All,I have tried both Mint.com and PersonalCapital.com, both of which are great websites. Mint has better interface and shows fico score for free too. The issue I have with both website is that I have mortgages thr...
Felix Wisniewski
What should I do with this Vacant List?
Hey BP.
So I have a list of 155 vacant properties that I found myself from "driving for dollars". I have already went to the city and got the home owners names for who owns them. Out of that 155 only 50 or so came b...
Emerson Hazell
Bank FHA requiring 25% down
Hello,
So I have been planning on purchasing my first property ever. My plan has been to buy a duplex or a triplex, be an owner occupant in one of the units, and put 3.5% down. Thinking this is very common with many ...
Randy Stewart
Value of distressed SFR in specific area?
How can I find out what the differential is between the value of distressed property, and the retail value of SFR's in a particular area?
Tom Mendez
Total Owed on Pre-Foreclosure
Have a home in arrears $84,000. A total Principal Balance of $378,000. Just want to make sure that I am adding these together to come up to amount currently owed. ?