Lucas Howes
Sub 2 on a foreclosure
Can you get subject to financing on a foreclosure? Basically the idea would be seller is being foreclosed on and owes 80k, plus 5k fees for the foreclosure. Can I just pay off the fees and then start making payments o...
Michael Warneke
Chicago Property tax spike
BP,Curious as to your insights on first year ownership and tax spike. I recently received my tax bill for a property I purchased in Chicago and was stunned to see an increased in assessed value of about 50%. The previ...
Jay S.
Help on potential 1st deal!
Hi, BP I need some guidance on this lead that my mom got thrown her way at work. Her client's mother has her house paid off with a second mortgage of $50k on it, which she now owes $45k on still. The bank keeps calli...
Gail Smith
Bank rejected offers,must step aside and sell to end buyer, how can I collect a fee for work done?
I've been working with a homeowner since July. It's a rental property in poor condition in a great neighborhood. He evicted his tenant for non payment and I marketed the house @ $99K. (Assessed @ 145K) No takers, ne...
Shankar Sridhar
Tax exemptions still getting applied after purchase of property two years ago
Hi all,I bought a property at Indiana in Dec 2021. I see that homestead exemptions and 65+ exemptions are still being applied to my property for my 2022 tax bill. Having bought the property in 2021, I thought, the exe...
Michael Mullins
All kinds of challenges with this Deal
Have you ever heard we get paid to fix peoples problems. So here we go......I cold called a person about a house that is worth (CMA from local real state agent) is 65k. However, the taxes due as of May is $37,409.98 a...
Gary Jurman
First Contact with “Sellers”
Tampa, FL:I am extremely new to buying property. I bought my first house with no money out of pocket (actually got $600 because property taxes are paid in arrears and got seller to pay all closing costs ). Due to divo...
Josh R.
Not for Profit - Warehouse Tenant
Partnership Owner and Manager of a multi-million dollar commercial warehouse with a tenant transitioning to not for profit status. The tenant is an artist's collaborative studio, incredible contributors to the City a...
Rich Mohn
Illinois property tax....how to treat on schedule E question?
Hello everyone, my name is Rich Mohn and I am a resident of Illinois. I am a frequent "lurker" on BiggerPockets! I do appreciate all of the tips that you can pick up on here, it really is a very useful site.
My sit...
Sarah S.
Here's the deal...ideas on how to make it work
So....today I learned a couple of lessons.
#1. Those suggestions about handwritten letters being more successful than typed ones-Now Proven. Never responses in the past to typed letters so hubby and I did the...