Ryan Wilkinson
Are Banks Still a Viable Source?
I'm an investor in SE Michigan. I know the market here in the Metro Detroit area is different than it is in the rest of the country but I'm curious to hear your thoughts as to how exactly is it different and why?
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Nick Boring
Capital Gains Tax on a Secondary Home
Hello BP and thanks in advance for your help!
From my understanding, secondary homes are not exempt from the capital gains tax, and if you are not renting it out then you cannot do a 1031. However, this client has h...
J Johnson
Questions about a limited/special warranty deed
I have a group of investors that are purchasing some bank-owned properties from a builder foreclosure. All the properties are owned by one bank and all the properties are in a single subdivision.
Title is being conv...
Steven Cevallos
Miami Foreclosure Auction
Hello Everyone,I'm new at this and don't really know much about investing in real estate. I know we have a website, realforeclose, where foreclosure properties are sold on online auctions. I did some research here and...
Gina Nicolas
Wholesaler asks me to use his title company
Hello everyone, I'm getting a house in PA from a wholesaler and he wants me to use his title company. My business partner thinks that he is hiding something and we should not do the deal. My question is, does he real...
Carlos Rodrigues
Negotiating Home Inspection
Good evening, my name is Carlos Rodrigues and I've been looking for a Multi-Family property for about a year now and I finally found a good deal. So I offered $250k for the three family and with multiple bids I ended ...
Kurt Gutormson
Seller Financing and 1031 Exchange
Can an owner sell a property with seller financing and still use a 1031 exchange to purchase another property? Or how would the seller go about structuring the deal to avoid the large tax costs with selling?
Dwayne Ravello
Trying to obtain my Real Estate License
Good morning BP! My name is Dwayne Ravello. I moved to this beautiful state of GA about 6 months ago from New Jersey. Prior to moving I successfully completed my classroom training/75hrs and passed my school exam. I n...
Tom Doherty
Sheriff Sale - Delaware County, PA
Hey BP,I attended a sheriff sale this past Friday in Delaware County, PA. It was a great experience for me to attend and see the process of a sheriff sale. I understand that you have to do you due diligence on each pr...
Account Closed
Desperately need advice on Auction property / Mortgage
Hey everyone!Thank you in advance for helping me get out of this tough spot. -Property was listed as a short sale prior to auction and under contract for 133k by someone else-Bought a property at auction last week (HO...