David Maurer
Property Owner wants ALL CASH OFFER. Why?
I see that some properties in my area (Bronx, NY) are listed as ALL CASH OFFERS ONLY! Why would the owner care where the funds come from?
Kevin Burns
Changing the legal description of a property
I saw a duplex that I'm interested in. What I want to do is change the legal description of the property to condo or single family so I can do a lease option on both sides of the property. Does anyone have any knowled...
Account Closed
Zelle payments to different bank accounts
I have a colleague with multiple properties. She has one bank account per property and has zelle connected to each account using a different email. The issue is that the bank allows a maximum of 5 email address and sh...
Harold Carter
Wholesale Listing Database South Florida
As an investor, I am trying figure out how wholesale listings work in South Florida.I stumbled upon a property, as a cash buyer, and before I could present the offer, a wholesaler got it under contract.Now the propert...
Patrick H.
Quit Claim Deed Transfer Tax and Basis
The property is located in California.
I am filling out a quit claim deed for property that my brother and I have in joint tenancy. He will quit claim deed his portion to me.
1)
For the transfer tax calculation,...
Reese W.
Class C/D neighborhoods the most profitable?
In doing my research it seems that multifamily class C/D tends to have the best cap rate and cash on cash returns any way you look at it. From an investment standpoint it seems like a no brainer. However a lot of th...
Chris Eaker
Partnering with IRA -- Conflicting Information
Hello All,I've read conflicting info on this, so I would like to know your opinion on the matter. Can I buy a property where I use my SDIRA to fund the down payment and then get the mortgage in my own name? Then when ...
Greg Schow
Best opportunity for 1031 money?
I have some 1031 money to put to work (about $2M). We won't close on our sale until end of January, so we have till around mid March to identify properties. We've looked at many options and prioritize them accordingly...
Adam Melon
First flip processes
Hello, I'm exploring taking on my first flip project. I've done alot of reading and watching videos over the last 18 months. I've invested as a private lender into a couple flips. And what I'd love to get info on is t...
Jose Saladin
First Investment Idea - Tell me all the holes
I want to purchase my sisters house as my first investment. It would be a live in rental.I would have one bedroom to myself with access to the common areas. I would rent the house to her. She gets the master bedroom a...