Stanley A.
Using Line of Credit to Purchase RE
Can someone enlighten me on using Line of Credit as a down payment on a property? My understanding is that the line of credit will count towards the DTI ratio. Will like to know how the whole process works. Thanks in ...
Alex Moazeni
Eviction process for late payment
Hi.I have a tenant that she hasn't pay the rent for JULY yet. I am keep adding late fees and charges. She reached out to me and asking if I can waive the late charges because she laid off and looking for a new job and...
Jasmine Claye
Talked to Seller .....
1955 property in quiet residential area for sale
2 bed 1 bath 1065 sq ft
*Seller lives out of town, asking $105,000
but willing to negotiate to pay off business debt
owes $90,000 mortgage paying $605 monthly with 2 m...
Warren Ginn
Rent Abatement Request From Restaurant Tenant
How do you handle requests for rent abatement from restaurant tenants due to the Coronavirus? Obviously, if they are forced to shut down, I am sympathetic to their situation and want to keep them as a tenant. But an a...
Joe Banks
Seeking Loan Broker in TN
Hello, I am looking to buy 2 SFH in Knoxville TN. I have 50K cash to spend in down payments between the 2 houses and plan to buy 3 or 4 more SFH before the end of 2026. I spoke with a loan broker who said I can do 3.5...
Brian Essex
taxes - selling investment property for a loss
I consider myself a real estate professional, I put well over 750 hours per year buying, selling, maintaining and managing my own real estate as well as real estate for others.
That being said, does a real estate los...
Marc Shin
What is the best business banking account for out of state investor?
What is the best business bank account for out of state real estate investing? I need a business bank account that will allow me to track all my expenses easily for an out of state property. Thanks!
Tim Silvers
SHORT SALE FLIPS & REALTOR/SELLER OBJECTIONS
I was recently told by a realtor that she could not refer deals to me because the seller felt that my lower offer would result in a higher deficiency and the resulting proportionate increase on a promissory note to th...
Nat C.
Duplex with 600K
I've been watching a property on the MLS for the past 2 months.It's a duplex in an A grade neighborhood for 300K, which is well below similar listings. Redfin estimate prices its value at 350K.The MLS listing states t...
WLD Speculator
Tax Implications of a Short Sale
Could someone enlighten me on the tax implications for the homeowner of a short sale. My understanding is that if they had refinanced there would be a 1099 issued, but if it was the primary purchase loan there would b...