Uri E.
1099, when and when not
IRS help documents state that you must file a 1099 for work performed that was more than $600. However, it is not required if you paid the service provider with a credit card.Did I misunderstand something? When and...
Thomas Lee Malpass
Foreclosures and Pre-forclosures
I am new to real estate investing and am wondering if it is a good idea to get a foreclosure house as my first house. I live in San Diego and foreclosure houses are extremely cheap. How does funding foreclosed houses ...
Rachael A. Tanner
Do lenders finance pre-foreclosure?
We want to do a house hack in the Bay Area. My partner and I are considering looking into pre-foreclosure homes. Will lenders finance this type of sale? Do we need to be all cash or bring in another investor? Any tips...
Julio Ramon Barcelo jr
Property can’t be appraised
Have a property under contract. 10units cash flows great but two appraiser said they couldn’t appraiser it. Says property isn’t zoned for the current use it has. Also some Airbnb action. This is what the lender said ...
David Jesse
Florida homestead legal question
As I understand there are two different kinds of homesteads in Florida.One would be having your main residence safe from lawsuits, and another would be related would be related to property tax savings.If a house has a...
Collin Hays
Condo Caution in the Smokies
I had an inquiry today from someone interested in buying a condominium in the Pigeon Forge area to rent out. I am going to put this as bluntly as possible: Condominiums in the Smokies are not good investments. They a...
Ikenna Ivy
Sale a rental in 48219
We have a tenanted property up for sale in 48219. The tenant wants to purchase, but she is not ready. She is a excellent paying tenant, always on time- Her lender said she may possibly be ready by January. Her de...
Corvin Ty Walker
The Scott (VacayPrime)
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $985,000
Finding the perfect home in this Market isnt easy. But we did, The Scott is a perfect example of how a 5 bed 3...
Derek Sperzel
Credit Unions with shorter seasoning for refi? Louisville, KY
I livein Southern Indiana just North of Louisville, IT. I've got a local mortgage company that will perform a cash out refi after a six-month seasoning period, but I've also heard some local credit unions will offer ...
Quito Keutla
My First Wholesale Deal!
Investment Info:
Single-family residence wholesale investment in Maple Valley.
Purchase price: $180,000
Sale price: $225,000
This was my very first deal. River front property need major rehab. I wa...