Darren Glahn
Need help setting the upset price for my property in Sherrifs auc
I have carried the note on a piece of land for 2 years and the buyer has defaulted.. He has defaulted because of a $50,000 construction lien. We are getting a summary of judgment and the property will go through a tru...
William C.
Is a HELIC considered profit?
CPA’s, accountants, and loan officers please chime in but obviously don’t provide anyone with tax advice, but does my logic make any sense?I was told once by a lender that debt service is not considered profit. For e...
Matt Devincenzo
Re-performing note files Ch 7
I hold several re-performing 2nds in my IRA which are serviced by FCI. This morning I got an email that a borrower that was modified ~2 years ago and has been paying since then on time ect, filed Ch7 on 12/23. I'm loo...
Paul True
Vacant Rental Sold Not held out for rent during sale period
So I decide to sell a rental property within a LLC. for which I am manager. It was listed for sale while occupied but then the renter moved out. Shortly after the property sells. Now I discover seemingly bizarre IRS r...
Shahid Iqbal
Considering filing for 'Specific Performance' - Seller backs away
Hi Pros,I can use your guidance here.I have scenario where buyer signed a contract to purchase a piece of land here in Texas held by a trust. Contract is using standard 'TREC Unimproved Property Contract' with seller ...
Bryan Champ
Cash out refinance or 1031?
I’m interested in putting the equity to work from my current rental. I’ve identified Midwest markets where I could pick up multiple properties that would generate even more cash flow than my current SFR. What I’m exp...
Randal V.
Hourly Buyer's Agent
I have a couple of real estate deals where I don't feel I need any assistance from a buyer's perspecitve. One of the properties I am looking at is an investment and the other would be a primary residence. I know the a...
Sonny Sach
Can I use accelerated depreciation in a syndicate?
Hi,Can accelerated depreciation be used in a syndicate to lower the tax burden?Thanks,Sonny
Henry Camacho
Registering an LLC in Wyoming
Hello BP Community
I am still very new to all this and doing all my research and reading as everyone else has done when they first started. I have been looking at different options on registering an LLC and it seeme...
Brian Ronning
How to get cash at the closing table?
When buying your first STR late in a season and you want some operating money to get through the slow season, how can you structure your deal to get the buyer to write you a check at the closing table?