Jason Prendergast
Strategy for a 1031 exchange?
We have successfully made a deal on an REO home, but have some questions on a 1031 exchange for it. The idea is to take the home (purchased for $50k), put $15-20k into it and sell it for up to $100k. 1) The purchase...
Annalisa Minetto
Do I really have to live there for a year?
I found an awesome short term rental property for sale in Daytona Beach... My question is, how would a mortgage lender know I was renting my house out on airbnb? Could I just put 3-5% down ? If not how much am I looki...
Alex Johnson
Tax question for an owner financed property
I wanted to throw this out to anyone who may have a good grasp of taxes due on the sale of a property. I have a family member who owns a property outright which they have been renting out for the past 20 years. They...
Nathan McDermott
Texas Wholesale contracts & documents
As a newbie to the exciting world of wholesaling. I have found tons of information on everything but contracts.
Do you use a specific contract for your Purchase & Sales Agreement (seller documnent) & Standar...
Laura Renardo
Tax advice for partnership
Hi,
I'm looking for a CPA to give advice on a tax situation in the southwest suburbs of Chicago. I don't know where to look to find the answer to this specific situation: I have partners with an inherited home. They ...
Daniel Mills
Cash out refi buy out - tax repercussions
Hi guys,I know this is a question best asked of my CPA, and I am in the process of contacting him but considering he might not get back to me quickly, I was hoping I could get your ideas here.I own a property in Idaho...
Robert Haworth
Is there a deal here?
48 y.o., seller in Elridge, MD 21075 bought the property for $102K in 1994 and still owes an undetermined amount on it. He said, however, that he is “upside down”, so he must have re-financed once or twice enroute...
Michael Conte
AS IS revision in contract worrisome?
About to be under contract for my 4th house. Seller added the following revision for an AS IS sale:"Buyer hereby represents that he has personally inspected and examined the above referenced premises and all improveme...
Ows News
Stupid questions ...
I have a couple of relatively stupid questions. I have a feeling that I know the right answers, but in this business its not about "feelings", it's about facts. Please correct me if any of my statements are erroneous....
Holly Kurtz
ISO Recommendations for a Denver FIZBO
I am looking for advice on the best way to handle my first FIZBO. My current tenants want to buy my Denver condo, so I don't need a Realtor and don't need to maket or list the property. Can anyone recommend a Denver-a...