Devonte Perdue
Tax delinquent property
Hello, I'm a beginner investor in ohio. Question: when marketing to a person that has a property that is behind on taxes, what happens to the mortgage loan on that property?
Sheila Villacampa
How to appeal to private lenders
Hello BP,
I am inching towards rehabbing my SFH that I purchased cash in 2014. After trying 2 conventional rehab loans that were denied due to high debt/income ratio, I am now trying to get private lenders from peopl...
Account Closed
gain/loss on sale of rental property
In 2007 I bought a condo for $190k. In 2013 I moved and converted it to a rental as I was too far underwater to sell. The market value at that time was 70k (basis for depreciation). I've taken about $8,000 in depre...
Zack Smith
Where do I start?
Good afternoon,I'm at the point in my young life where I would like to follow my passion and begin investing in Real Estate. Currently my goal is flip a house a year with my contractor, my dad, and buy one rental prop...
George Lay
Saving Money in Canada to maximize your downpayment.
I’ve been teaching people this for over 20 years. Here’s the answer. You should save your money in this order to maximize your savings…. 1. Leverage2. RRSP3. TFSA4. Non-registeredOf course it depends on your unique ...
Daniel Blau
cost basis of a 1031 replacement property
I am shortly doing a 1031 on an investment property and really there's not a lot clear on how you compute the cost basis of the replacement property or properties. From best I can tell the cost basis for the new pro...
Jacob Ruppal
Organizing a 50/50 Partnership for Our First Rental Property
Hi there! I've had a question on my mind lately about how to organize an equal, two person partnership. My significant other and I are interested in purchasing our first buy-and-hold rental property this year. We are ...
Andrew Nesbitt
Hard Money Lenders
How much money does a typical Hard Money Lender want you to have in the deal? For instance. Lets say a house has a $100k ARV. Purchase price is $50k and needs $15k of work. HML says they loan 65% ARV, but I d...
Chris Bunya
Denver Lenders - Piggyback Loan?
My wife and I are looking to buy our first home (duplex) and start house hacking in the Denver metro area. We have outstanding credit, no debt, and a good bit of savings. We've been approved for a conventional 30 yr...
Ricardo Rodriguez
How to Structure an offer using 3-offers
Greetings,Curious how to Structure the "3-offer" .... Offer?Can someone supply a detailed case where they offered 3 scenarios from which the Seller chose? Looking for some examples so I can adapt any future offers pa...