When you purchase a property and immediately rehab before renting out, do you add the cost of the rehab to your basis of the property, or do you take a loss that year? Does it make a difference if you have a bunch of ...

A friend of mine recently took a job that will move him from Atlanta to Charleston, SC.  He has lived in a nearby neighborhood for 20 years.  His home is very dated and probably one of the worst looking homes in the s...

Is it possible to own too many rental properties on same street or subdivision ?? I have five on the same street that I paid 86k ave. rent 950-1000 a month.Now some owners are calling about buying theirs..Thanks for a...

Hi there. I've been a landlord for 10 years, have always been careful in screening, and have been very lucky with tenants. Until now. I've only posted on this forum once before, asking for advice on how to not renew a...

What is a Tax Credit Property? What major institutions invest in them? Are they low income housing?

Anyone know?

I know someone that works for a lawyer that represents banks when properties go into foreclosure. Now I am new in to the real estate world so please bear with me. This particular person works in a department where h...

I'm looking to pull all the equity out of my first home purchase, which is now a rental, in hopes to buy a duplex or a quadplex.
My first mistake is renting to family but it is what it is. I'm collecting $1,800 a mon...

I am looking for financing advice for a spec house I am planning on building. Here are the details:

I own 5 rural building lots that I can't sell as vacant land. I bought the raw in 2005 and by the time they ...

Are there ever reasons to keep a negative cashflowing property? I have a decision to make.Here is my situation...Purchased: 2005 (We are 10 years into 30 year mortgage)Reason Rented: Moved to new home.  This is our or...

I have just read an article by Joshua about REOs and in it his last point is

'Note that lenders and banks do not like holding REOs on the books, and try to get rid of these as quickly as possible.'

Why is this and w...