Nicholas Wever
Seller Financing to Traditional Financing Question
Hi All,I have a simple, but silly question... I closed on 2 properties this past years. Let's say $350K, 50K down, seller financing at 6% IR with a 5 year balloon.Let's say I start to shop around and to transition fro...
Matt Guignon
self directed ira custodians
I'm asking this question for my father who is looking to be a private investor for real estate projects. He is looking for a reputable, low fee, custodian company for self directed ira's to use for these projects. I...
Peter Sobotka
First Home Purchase Help!
I recently moved to NC from NJ. I am a first time home buyer. I am currently in the last week of due diligence on a house closing. My current plan was to purchase a single family split level home to be able to rent...
Will Parker
Seller has 8 unit property with no insurance - Help!
A seller who is looking to move past his MF property currently does not have insurance on it (How? I have no idea). Was curious if anyone had experienced this, and if any additional processes need to be considered if ...
Simon Obas
Get a new agent or not?
Hello I have a home on the market for 30 days with 0 offers. I did a $39k price reduction and still nothing. I’ve had 10 showings. Is it time to find a new agent? Fyi The current agent is not from the town nor lives i...
Nghi Le
Is S-Election Necessary for High W2 Salary
I've always heard that I should use a corporation to reduce self-employment taxes while doing fix-n-flips. However, I've heard that you only need to pay high SE taxes up to $130k. If my W2 Salary is $130k+, then my ...
Clifton Powell
Pre Foreclosure, stalled by BK
Good morning!I am trying to figure out what the best thing to do for a friend is in the situation outlined below:Home Value $570kowed 1st mort $496k (current loan was modified and principal reduction completed for $10...
Mike B.
Newbie Question - Tenant Screening
So first time landlord here again. We had trouble finding good tenants earlier in the winter, so we pulled our listing off Zillow for a few weeks and then relisted our property yesterday with a 3% lower rent. I'm so a...
Jai Nigam
Selling property during Tenant's Lease
Hi,I am considering selling a property I've had for a few years. The tenant's lease goes until August 2020; however, given the cooling market, I wanted to get the highest selling price right now. I am wondering about ...
Account Closed
Heating and Cooling system - 27 yrs old. Ask for credit?
Hello,New to the board, I'm in escrow and just found out from inspector that the A/C and heating system is 27 years old, original from 1990. The fan is making a strong vibration that the upstairs bathroom is shaking, ...