I'm wondering what the tax implications are for the heirs of a seller who dies while carrying the note on a seller financed deal.For example, suppose a seller has a fully depreciated asset with a $50k cost basis from ...
As a beginner in wealth building and looking for long term residual income I am taking that first step. I have made an offer for 11 duplex homes that I will be renting. I am waiting for a reply to my text ed offe...
Not sure if this is the right place for this but I am looking to get some insight or help on this. Please tell me if this is smart or not.I want to pull out a HELO loan and pay off our bills so I can consolidate every...
I just sold my house and made 120k. I would like to invest into some rental property and i just dont know which is the best route. I currently have two single home rentals and i have to refinance one of them. So im th...
Hey everyone, new to BP, so im excited to be here!I plan on buying my first home soon and house hacking once I find a deal. From what i’ve researched it looks like Baltimore would be a much better place to start inves...
Hello everyone I am a new investor in need of advice. A couple of months ago I bought my first house with the FHA loan. There were some repairs required by the FHA for closing but the previous owner refused the do the...
Has anyone ever done a cost segregation without the use of a firm that charges a lot for it? I have a buddy that's doing it himself and providing an excel sheet to a legitimate accountant. Any pros and cons to this?My...
Hey all,
We've recently started working with lease options.
We have a tenant buyer site set up and we're working direct mail, Craigslist, fsbos and expired listings for sellers. As you can imagine, we're getting pl...
I have owned a rental house for years and have never had a bug issue in the past, or with past tenants. But now I have a new set of tenants that moved in 7 months ago. They are now claiming that there are bed bugs in ...
So I don’t really think I want to own my own home just yet. But I really want to get involved in real estate . Can i hear some pros in cons about this situation? I don’t want to buy a rental home and then not be able ...