I'm looking at a property that's going up for tax sale and I see it has 2 open IRS liens on it. I know in other states, such as FL, the IRS has 120 days to redeem the property - they pay you back what you paid plus 6%...
Investment Info:
Office Space buy & hold investment in Champaign.
Purchase price: $990,000
Cash invested: $20,000
Sale price: $990,000
Crazy to think the first purchase I did was two years...
Hello everyone. I am currently house hacking a duplex that I purchased in April and am now trying to work on a second deal. I have my eyes on a couple of small multifamily properties in my area but am running into the...
I noticed that most Auction.com listings have a starting bid that is less than what is owed.Is this just a sales tactic, or in a single-bidder scenario (unrealistic) would the property actually be let go for such a lo...
There are three 33% partners in an LLC and six equally distributed heirs (6). We'd like to simplify the next generation's responsibility and sell one third to one partner in a cash out deal. Two partners would remai...
Hello all,Just curious as to how everyone thinks the presidential election will effect home sales, if at all. And based off those thoughts, will you be taking any specific action?
I have 15 single-family homes.
Mix of personal name (for loan reasons) and LLC owned.
Some are managed by LLC, some by property management.
My LLC is "Herr Property Management LLC"
Didn't like my last name on my ...
Hi there-I am in debt to credit cards. I have a low-paying job and at this point, no retirement. I am in my mid-50's, so I am a late bloomer to investing. I thought that claiming Chapter 7 would be a good idea, in ord...
I got married last year on Halloween eve after not even knowing the girl 3 months.. the first month of the relationship was wonderful i was working in west texas building a gas plant and she was my camper wife.. but i...
Hello! My buddy in Buffalo, NY is doing a 1031 exchange and may run into a potential issue which could happen to myself in the future as well. The house he sold was paid off and in his LLC. The current deal is for a 4...