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Thank you in advance for any guidance or direction here!For simplification purposes, my husband and I are new construction spec builders. Our original marketing model was "build to rent" selling to investors. We have ...
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if you’re figuring out the land value for depreciation purposes, can I use the Fair market value for the land? The county assessment taxes it at 59k which is WAY too high. A plot of land has sold for $8500, $10k and 2...
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I have a motivated seller/realtor that is about ready to go into short sale, is there a way I can find out what the seller owes? Is it public record? The seller is not disclosing that info and the offer from a big reh...
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Hi,Wanted to get the community's opinion on whether I should fill out a sales verification questionnaire that the Property Appraiser of the county I recently purchased a duplex in sent me.I feel like it could only hur...
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I have a closing on 1 Sep where I will net $10k, then another closing for a property that I am purchasing for $45k on 16 Sept. My question, is it worth the effort and expense to do a 1031 for the $10k from the first ...
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Hi forum:Went to Jersey City tax lien sale today, and I am sure I must have missed something here.It was an accelerated sale, which means unlike regular sale for the previous year, this sale will clear all delinquent ...
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Hi BPs
Need your help urgently. I am working on my first deal. Actually ARV of house in realist report is $418k and bank accepted my offer of $330k.. (315k was offer amount plus 5%auction charges-17k ) Which was...
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Recently closed a sale on my fourplex and was surprised to see I still owed capital gains tax on the 3-units I didnt live in. I've always been told theres no capital gains tax on your primary residence after 2 years i...
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Hello,I'm looking for someone experienced with negotiating short sales. I have a ton of questions, and I'd like to learn more about the negotiation process. I'm looking up articles online, reading what I can, but I'd ...
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Hello everyone!
Im currently trying to figure out how a rehab loan works in todays market.
Im trying to short sale a property with an ARV of 160,000
Ive got rehab costs at 55,000
I would Payoff the current lender at ...