Hello all,I found a free and clear seller (somewhat motivated) who is willing to do owner financing. I plan to buy and hold that property. I am going to take a look at the house soon and plan to offer him all cash off...
For example: you buy a rental property for $100k.$40k attributable to land and $60k to building.You sell it 5 years later for $150k.You'll need to take $2,182/year for depreciation (see MARCS 27.5y table), so that's $...
Hi there,We recently bought a house in Dallas TX. A couple of weeks ago the tenant called about toilet backing up. We sent a couple of contractors there to look into it. They found that the plumbing lines were not ins...
Hello everyone!I'm currently in a strange position and am needing to be creative to achieve my next real estate goal. I'm about to start looking for a multifamily (5-20 units) in the Pensacola, Florida area but I hav...
I just did. I closed on my primary residence in May and just got a letter stating that there is a leak in a shower and they are demanding $25k by the end of next week. Whats sad about this is I'm 99.9% sure that thi...
I am trying to buy a duplex that is need of updating. I made an offer over a month ago of $90k and the list price is $129k. They countered at $128k. It has now been about 5 weeks and they haven't lowered their pric...
To make a long story short . . . .I bought a house 2 months ago, I just had the sewer line video scoped. There is a break in it, with tree roots inside.It has become apparent the previous owner knew about it and did n...
If I buy a property, sell it on terms and decide to sell the note 100% I know I am selling an asset. If I hold back say 20% of that same note, is that considered a security? I heard the idea this morning and the first...
My tenant makes a lot of excuses to not let my handyman to come in. They give us instructions to make an appointment during 10-11 sometime next week and to call an hour before to see if it is OK..and it still hasn't b...
First off , thanks for taking the time to read my post. Im a young investor , have studied REI thoroughly for a few months now . I have a great understanding of how to carry out a wholesale deal , i just need advice o...