Matthew Lockwood
1031 Exchange - Can I buy my wife's rental unit?
Here's the scenario:1) I bought a house 17 years ago in Tx for 45K. Paid off the note. Just sold for 90K. 45k capital gains.2) My wife owes 45k on a house she bought years ago with her ex. He quitclaimed the house t...
Stas Finelt
Looking for some guidance on servicers and and forced placed insurance
hey everyone,i am looking for a little bit of guidance on servicers. who would you guys recommend?also forced placed insurance, who do you guys recommend? thank you for any help in advance.
Jocelyn Evans
Taking over parents house. Dealing with IRS and Mortgage company.
Background: Texas Home with 6.5 acres originally purchased in 2005 for $450k by my father in-law. In 2011 he had hardship and bank went after the house. We were able to stop foreclosure and secure a loan mod with HAMP...
Jon Schwartz
Reasoning behind reversion cap rates?
Hi all,Does anybody have a reason why we use a higher reversion cap rate in our analyses besides for the sake of being conservative?I've heard that one should add 10 basis points per year to the purchase cap rate to d...
Jasraj Singh
Should I pay off my mortgage once or keep paying it monthly?
If I sell a property and I still have mortgage left to pay that I took while purchasing the property is it better to pay off that mortgage once at all from the profit i'hv earned after selling or is it better keep pay...
Bernard H.
Need some advice on which direction to go... Deal or No Deal
Property is currently being listed for 90K. Very little showings are taking place right now. He owes 75K. He lives out of state and really needs to let this go. 3/1 at 1200 SF. Pretty good location. The property needs...
Michael Fundaro
Interest in Security Deposit
Hi all,We have tenants signing a 12 month lease. They are 3 roommates, one of which will be moving out in the spring. After screening them, the remaining 2 are both good candidates and can afford/pay rent after he l...
John Bauer
Equity split between passive owner and experienced developer
I own a 2-fam property in Brighton, MA that has some extra land that can be developed. Both units are rented and cash flowing. I'm going to be working with a developer I know who has a lot of experience to go through ...
Kyle Kufeldt
Subject to and Probate
I'm currently marketing to probate and have come across a lead that has a mortgage that is close to what the property is worth. The only question I asked was about the total of the remaining mortgage and was going...
Tanisha Thompson
Looking for a Management Company
Hello All,I’m new to both the group and Real Estate world. I do have a question though I currently own a single family in NC with a management company. Lately, I haven’t been satisfied with them and was wondering is...