Hello I have a potential customer that has been approved for a Short sale on his current home. (he is upside down big time- owes $220K worth $105 ) and has $15K to put down on a house. I am looking into purchasing a...
I was wondering what type of tax implications lease option assignments bring? Is there a certain amount you can do a year before being labeled something like a trader? Is it just earned income?
Thank you for ...
BP crew, i have a question because I have not dealt with anything like it in the past. I have had a tenant in one of my multi-units for roughly 7 years now and have the past few months have progressively gotten wo...
Hi folks, does anyone know a good source of lease to own properties near Westborough, MA? I have a client who is interested in one. Please contact me with any ideas or if you have such a place.Thx!
I have heard a real estate guru claim that you can get way more rent with a lease option that with just a straight rental, also he said you should get a 5-10k non-refundable option deposit.My question is, is that true...
Hello EveryoneWhen submitting and option contract do I need to have a lawyer draw up the contract or is their a standard contract that I can use?
Hey BP,Debating which route would be more profitable as a rental property.Option 1 is a cheap 3br townhouse with HOA in need of new floors in a great neighborhood. Option 2 is a 3br house in a slow market with minima...
I am rehabbing my first rental(buy & hold). It curr has Berber carpet - bit worn out. Looking at suggestions on whether to go with laminate or engineered hardwood. I don't want to spend extra for actual hardwood. ...
I have a question regarding financing options for my situation.Facts:
Own my personal residence free and clear.Have enough in savings to pay cash for one single family rental if I choose. Excellent credit.No debt of ...
Wholesaling is usually done with contract assignment but it can also be facilitated with options agreements where the potential buyer pays the seller a fee to give the buyer the option, but not the obligation, to purc...