James Wesley
Tax Forclosure: how to approach owner
Hey there! I am looking for advice on how to approach an owner of a property that will go into a Tax foreclosure auction at the end of November. I notice that she is in arrears for 28k and the mailing address on file ...
John K.
Paying Taxes within calendar year with closing
Tax question - Closed on a property mid-year in 2015 (buy and hold), HUD-1 gives the credit for property taxes payable for mid-year tax estimate from seller. Example:HUD-1 Property Tax Credit: $3000Taxes during my own...
Michael Gilman
Six Reasons Why the Latest Stimulus Benefits Tenants
COVID-19 continues to hit the U.S. hard. There has been a lot of discussion as to what kind of impact, if any, the latest stimulus bill will have on tenants who are struggling to pay rent month-to-month.
We belie...
Cyrus Sidhwa
Property Taxes on a Flip?
Let's say an investor buys a property with a HML, fixes it up, and flips it 3 months after the purchase. Does the investor pay a portion of the property taxes? Would you have to pay those taxes when you close on ...
Mike P.
Seller financing with seller owing taxes
I'm trying to buy this single family home through seller financing, this would be my first investment property deal. Renters are already in place, home is turnkey except for new carpet that the seller will put in. I s...
Keith Belzner
Finding a deal to wholesale that has back taxes owed.
I am looking at wholesaling in my area and wanted to know how to find and put under contract a property that has taxes owed. This is not going to be my "niche" but I just need some information if and when I run into a...
Josh Edelson
Forbearance Exit Strategies?
Hi All!I have all 9 of my loans in forbearance I'm in 10 months so far, but can now extend up to 18 months total. I've been saving all my rental income so I could use it to buy more properties (like a free cash out re...
Larry Moore
FHA Short Sales
Hi, I am new to the forum. I am relatively new to short sales, having completed one so far with a conventional lender. I have been reading the new FHA guidelines for 2009 for the PFS program, and am somewhat unclear...
Alison Michel
DOM as sign of a bad deal?
Hi investors,
There's a multiunit I'm interested in, and for which I am able to make the numbers work, but it's been on the market for 150+ days. Does this mean my numbers are wrong and it's a bad deal? It's ...
Veronica Pollán
How important is town assessment price when purchasing a home?
If a property is priced $30k below town assessment how significant is that?