Michael Plaks
Monday Sept 16: the IRS deadline for Partnerships and S-corps!
September 16 deadline (delayed one day since Sept 15 this year is Sunday) applies only to
Partnerships (including some multi-member LLCs) that filed a 6-month extension request on Form 7004 on March 15S-Corporations ...
NA NA
Getting credit
Read somewhere about creating credit line but don't know which post is it The content is something like deposit some money in one bank borrow from them and deposit to another bank and borrow again creating more credit...
Kent Slawson
How to best utilize 150k cash to transition into new career?
Hello everyone, thank you for taking the time to provide some mentorship. I'm 29 years old and and have been working long hours in an industry I do not enjoy for about 5 years. The upside to this time has been my a ab...
Lisa Green
Tenant interested in lease option
A tenant in one of my single-family homes has asked whether I'm interested in selling and whether I'd consider doing a lease purchase option on the house.I have no strong feelings about this one way or another, but I'...
Sunshine S.
REO Purchase. Bank problems with closing
Hi all,
My first post, just joined so grateful for any guidance/help.
We put in an offer on an REO property. Purchase as is. Accepted at 55k. Cash purchase. Just found out that the bank actually paid 98k at auction. ...
Kelly Maestri
Reducing or removing liens
I'm buying my first bankruptcy/foreclosure in Portland OR PDX and it has a # of liens on it. Specifically, an $89K fire department lien. Has anyone had any success getting liens reduced or removed? The bankruptcy tr...
Dillon Beard
House Hacking A Four Plex.
Hi Folks, have have been attempting to get into a house hack for over 18 months. I read Scott trench’s book and want to remove a mortgage payment from my life. I have the opportunity to buy a 4plex in my area.
Here a...
Tammy Bentley
vacation rental question
My husband and I recently purchases a cottage that we would like to rent weekly. The cottage does need some repairs and improvements that will probably take 6 months or so to complete. I am wondering if there are c...
Ayne C.
Paying off mortgage, them getting a HELOC
I'm considering paying off our primary residence mortgage in full and then getting a first position HELOC to use for short term money (for new BRRRRs). I'm my head it seems like a killer strategy. What am I missing...
Daniel M.
Non-performing note exit strategy
After reading several books about note investing and attending some local REO networking events, I’m still not clear about the exit strategy when purchasing non-performing notes.Let’s say there is an offer by a hedge ...