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How did I do on this deal?So, I decided to purchase a second rental property. The property I found was a SFH on foreclosure auction. The price I finally bid was $76k with approximately $4k closing and buyer's premiu...
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Hello Everyone! I am starting my real estate investment journey. I don’t have much knowledge or any property...yet. I currently have about 60k liquid, no debt, 800 credit and would like to buy in 2020. However, I don’...
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I don't know if this is the correct subforum to post this in, but I can re-post it if needed.To preface, this conversation, I am located in Houston. It's boom time right now in this city, and property values are on fi...
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My last question of the day. If a house has a mortgage on it regardless if its paid or unpaid, how do I negotiate a deal? I dont understand what happens to the mortgage. Who pays the mortgage? Does it get paid? C...
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A customer of mine mentioned she is selling off all of her properties as she is 80 and looking to enjoy the rest of her life task free.
My wife and I are going to look at one of those properties this week but don't...
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Hi BiggerPockets! I'm pretty new to the forums but I've been using BiggerPockets as a resource on and off for a few years. I'm getting more serious about real estate investing- I was a full time architecture graduate ...
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It is my understanding that in calculating effective income for an FHA loan, non-taxable income (like child support for instance) may be grossed up at the greater of 15% or the borrower's tax rate for the previous yea...
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Had a thought/question about assets/liabilities...
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Would a 12 room small motel be a good 1st flip investment to turn it into short term, studio or 1 bedroom housing? TOTAL rehab is needed as its currently abandoned and boarded up. But its at a cheap price and near m...
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Hello everyone!I am looking for some help trying to wrap my head around the complexities (to me, anyway) of a partial 1031 with boot being pulled out. Here is the situation...Currently close to closing on the sale of...