Kumud Shrestha
Your Thoughts Flippers !!!!
Last few years have been great for Flips. So, far the market has been favorable for us Flippers, in spite of the pandemic. As we all know, the inventory is low and the demand for homes are high, partly because of all ...
Jon Christensen
Loaning money to parents to help complete their cash offer
My parents are both retired. They recently signed a P&S offering cash for the house across the street from my sister with a 3 week closing (fast!). To come up with the cash that quickly they have to pull money out...
Sam Elder
Getting inherited properties out of an LLC while minimizing taxes
My sister and I inherited free and clear rental properties that are held in an LLC. We are starting down the path of distributing the properties, and we are concerned about the tax consequences of dividing up the pro...
John C.
Tax implications on buying/selling defaulted paper?
I know nothing about notes. I have the opportunity to buy a non-performing note at a discount. The note was in a pool sold by a portfolio lender to a "loan workout" group at a substantial discount. I know the property...
Connor Williams
Assumption and look back?
Posted in the wrong area originally. My wife is interested in assuming her mom‘s mortgage. We have checked into this and it is something that she can do. However, the question we have is, if she assumes the mortgage a...
Ryan Fischer
Should I transfer property into LLC name?
And if so, how hard is that to do?Rental properties currently in personal name.
Tim G.
Subject To Deal - Tax Question
Working on a deal to take over two duplexes subject to.
Question is, the seller purchased them around two decades ago in the 120k range. They now owe $289,000 on each and I will be taking over subject to.
Are ther...
Mark L.
Should I buyout parents mortgage?
My parents and I recently discussed potentially purchasing their home. They are far away from me out of state, an older property I have no interest in owning and high RE tax burden. Mortgage is minimal ~90K, house w...
Eric Goodell
Inheriting a property
My Girlfriend is inheriting her grandpa's property out in Oregon soon. He wants to sign over the title to her. He purchased it for $63,000, and is 4 years short of paying it off. Now the Zestimate says it's around...
Jayson Hinkson
Tenant breaking lease due to separation
I have a tenant that needs to break a lease due to separation. They are 8 months into a 3 year lease. So do I just get in there and get it back on the market or do I spend time and money trying to go after them? I ...