Roy Lam
Housing Authority wants to recapture rent
Last June in 2015 I received a letter from both the Housing Authoirity and my tenant saying that my tenant will be moving by August 31th, 2015. On August 1st, when I went to collect the rent from my tenant, she told ...
Cory Petersen
House Hacking in Orlando
Good Afternoon! I am a beginner investor from Columbia, SC and just received a job offer in Orlando. I have been learning about investing and working with a local investor in Columbia, SC for the past few months and a...
Aaron Sweat
Hard Money and Collateral
Is it feasible to obtain a loan or a good old boy agreement where a lender offers 100% financing for both the purchase price and construction costs at hard money rates, secured by a second position on the borrower's o...
Brett Dufur
How to become a conservator/steward/__________
I've listened to a ton of Bigger Pocket Podcasts. Love them! A year or so back, a Bigger Pockets podcast guest briefly sort of off-hand talked about taking a bank owned property that was just languishing... (wasn't ev...
John Lopes
Question regarding Countered VA offer - timeframes -
Have a question folks.I put an offer in on a VA owned reo property a couple of weeks ago. Was told there were multiple offers (3 total including ours), and also signed a multiple offer acknowledgement.A couple of day...
Adam Drummond
refinancing w/o "seasoning" period
Hey Everyone-Any recommendation on doing a cash out refinance on a rental home where you do not need to own it for six months? I bought a house that I am going to use as a rental. I was hoping to pull some cash out ...
Urvashi Vasishtha
Pros and Cons of Paying Off a Mortgage Early
My two cents on the pros and cons are:Advantages:Probably the primary benefit of prepaying a mortgage is personal peace of mind. In addition, borrowers pay less total interest overall when paying off their mortgage ea...
Patrick Britton
Am I understanding this deal correctly?
I am looking at buying a performing note in Fresno, CA. Outstanding balance is 26k and purchase price would also be $26k. House value is 175k. Payment amount is about $450/month. If I purchase this note for $26,00...
Mark Robertson
Taxes
me and my brother inherited my parents house it's paid for and he wants to live in it so my half will be financed to me do I have to pay taxes on my half
Ron Brady
Capital gains tax on LLC-owned inherited properties?
My wife and I understand that we could give our home to an adult child when we pass away and that our adult child would pay no capital gains taxes on it.
But, we have multiple rental properties owned by our LLC and w...