David Trujillo
Retirement implications selling primary residence
Good afternoon BP. My father wants to sell me his primary residence and move in with my sister. He is 64 yrs old. He collects social security and has a part time job. The Property is worth around $425,000. He wants to...
John Meza
How to successfully make an acceptable offer on a REO?
I'm working with buyers who want to purchase REO's at 65% -70% discount. I'm also working with REO agents who list their properties close to retail. I submit my offers. The asset managers reject them. They don't count...
Mario Nacev
Tax Strategy for first deal
Hello,I am looking to build a 4 Plex in PA.I am in the preliminary phase of planning and my questions relate to entity structure, taxes, and finances Background:Land Cost $10K Build Cost $200KAppraised Value at comple...
Jon Klaus
Parent gifting home to child
In Texas, what's the most straight forward way for a parent to gift a home to an adult child? Home is free and clear.
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Legal Advice for All Investors
I found some good legal advice for contracts, documents, consultation it really helps for me getting my deals together and making sure I stay in the guidelines of real estate
www.prepaidlegal.com
[edited by administ...
Patrick Philip
How to find HUD houses?
I'm on someone's list who sells HUD houses to investors. But I'm thinking... If they're HUD houses, I could probably get the list myself for free from the government? How do I see the condition of these houses?
David B.
Section 121 exclusion: date of sale for Lease Purchase agreement?
I converted my primary residence to rental in Dec 2014. In Oct 2017, the tenant agreed to purchase the home. Although I sold the home at a significant loss, I'll actually end up with a gain due to depreciation recapt...
Jeremy Baxter
Wholesale a listed property?
So I got a call off a Craigslist "We buy houses in any condition" ad. The seller just listed on the MLS with an agent and I checked out the listing, house is clean and in pretty good condition. There doesn't seem to b...
Trevor Praetsch
Sketchy Real Estate Agent?
I'm looking at a deal currently with someone I've known for years (the seller). They signed with an agent and are fully exclusive currently. The seller and I have been talking about mutual interest in a deal, but the ...
Llewelyn A.
How to find Pocket and Open Listings from Other Agents/Brokers
I recently learned about Pocket Listings.From what I understand, a Pocket Listing is a Listing where a Seller may have informed the Agent/Broker that they would like to sell but does not want to list or show the prope...