Jeet Sangha
Navigating Buying and Selling a Home Simultaneously
Some of you might be facing the predicament of buying and selling a home at the same time. This can be challenging especially if you need the funds from selling your current home to buy the next one. If this process i...
Mohammed A.
Evaluate the rental market of a neighborhood
Hello All I was wondering if anybody can provide me some helpful tips to evaluate the rental market. By ‘rental market’, I am not referring to whole metropolitan area. I am talking about evaluating a neighborhood or s...
Sean M.
Wholesaling contracts - how long to hold?
I’ve done some flips and rentals but want to do some wholesaling. One question I have is when I go under contract for a property and put a 30 day close, what if it doesn’t close? Do wholesalers extend these, drop the ...
Aurelia Weems
Commercial Buyer doesn't have financing, when to terminate
I am trying to get some feedback on a commercial land sale as my realtor is also the buyer's agent on an adjacent property needed for the sale to close.I entered into a contract to sell a piece of commercial land for ...
Troy Elston
Converting private residence to rental property
I'm having a difficult time calculating tax gain/loss from a property sale and was wondering if someone could help me with calculations.Purchased Home in 2005 for $145500Converted personal home to a rental property in...
Daniel Miller
HUD home backed out of contract.
long story short. Made a 22.5k offer on hud home. Est. value 55k. (My first investment property ever) my offer was out bid. The couple who outbid me backed out of home due to inspection reason. Hud emails my broker sa...
Michael Stole
First bid rejected, then when to submit the second bid on HUD property?
My first bid on HUD property was rejected today, shall I wait for a week or two before submit another bid, or bid it again right away, say tomorrow?
Marco Morkous
Interest only seller financing
I think we all know benefits of interest only financing as being lower payments higher cash flow. A seller has offered interest only financing for 5 years on a multifamily property. Here’s a concern I have. With unsur...
Geremy Rosenberg
Should I back out of deal after inspection? Day 7 of 10 due diligence
Hi Everyone, I am an OOS first time investor and got a SMF built in 1920 (2 units, 1bd/1ba and 3bd/2ba) under contract at 20K below purchase price (@190K) with both units currently rented ($850 and $1200). I have had...
Robert Dobbs
National Assoc. of REALTORS® wins relief from the IRS
IRS Extends Tax DeadlinesThe IRS issued guidance Thursday evening to grant deadline relief for both 1031 like-kind exchanges and opportunity zone investments that are already underway. Both of these programs are desi...