Kim George
Fannie Mae Homepath Investor Process
I do have a question to all of you. Do any of you have experience with the Fannie Mae Homepath REO's. If so, just wondering how has the process worked out for you..for instance if you purchased a Homepath REO and fo...
Patrick Britton
Washington State cap gains exemption?
Quick tax question:An individual purchases a home today and uses it as primary residence. He makes some repairs, updates, upgrades, etc. Next year sometime, he sells and realizes a capital gain of $100,000, for inst...
Andrew Moore
Forming LLC w/o a Brokers license?
I am a Real Estate Agent here in Grand Rapids, Michigan, and I am looking to run my real estate business through an LLC to take advantage of some tax savings. The people who I am talking to are saying I need to wait t...
Jacob Stevenson
Creative Deal--How big of a balloon payment can I make?
Looking at a portfolio purchase. 180k purchase price, 20k down, balloon after 5 years. Payments based on 15 year amortization with 6% interest. My question, at 5 year mark, if the properties appreciate at 4%, I sho...
Jason Brattner
Cash on cash ROI vs Cap Rate
Can anyone say what weighs more heavily on decision making for purchasing a rental property? Looking at a 2 family student rental in upstate NY. 6 tenants. ROI is 26.8%. Purchase cap rate is 11.42%... where does Mic...
Freeman Schultz
When team member candidates have had a history of lawsuits
One of the things that have been coming when putting together a team is how to screen candidates. Sometimes candidates have histories of lawsuits. Is that enough to disqualify them? Or is just bad luck? For instance, ...
Jillian Ez
US Cities Paying People to Move - Investment Opportunities?
Hi,I’m a new real estate investor. I just bought my first condo in LA. I saw some articles online about some cities in the US paying people up to 15K+ to move there. Seems like a great way to buy a rental property in ...
Armand Farr
FHA financing a distressed duplex
I'm looking to buy my first duplex with a 3.5% FHA loan. Ideally I'd like to buy a property that needs some work - not a complete gut rehab but maybe 20-40k of repairs total.1. Are there restrictions on the condition ...
David Ferrette
Equity Partnership Structures
Knowing that Operating Agreements in an LLC can be different, what are ways to structure your distributions/equity to each equity partner if the partners put up cash only but I am putting up cash and time. For instanc...
Ohio Alofoje
Paying debt owed on a purchased property
Hello Guys,I am a newbie Wholesale investor!How do you settle the debts owed on a property you purchased from a motivated seller who is behind on his mortgage payments and is facing foreclosure or bankruptcy ?Say for ...