Abdul Siddiqui
Stuck in Dilemma on how to grow
Greetings everyone!I am an investor who has grown a small portfolio and am stuck on what options to consider to grow.I live in Houston.I have 3 homes currently:1. Personal Residence ($210k balance at 3% for 15 year) A...
Rusty Scott
Tax Treatment of Agent Commission on Own Purchases
For those licensed agents out there....when you buy a property for yourself, either personal residence or investment property, you typically receive the buyers agent commission.Is this considered taxable income? Or is...
Nat C.
Tips on asking for and getting discount or credit from seller
I submitted an offer on a foreclosure at 1K above asking price. The property looked like it required virtually no work.After my offer was accepted I found out it required substantial work. It has an illegal addition w...
Alan Walker
Market of the Moment - 6/24/2022
Well, I'm back from Portugal and back from the gut bug I picked up there (but I did lose 7 pounds so silver lining!). I missed two weeks of reporting so instead of 7 days, this is since the last 21 days.What a great ...
Ashton Ferrazzo
Depreciation = 0 Taxes (Conceivably)??
Hello folks!Can someone tell me if I am thinking of depreciation and write-offs in the correct manner for rental properties? I was trying to envision a scenario where someone could potentially have (close to) $0 tax l...
Danny Stern
floodzone advice offer
I am purchasing my first house, and had an accepted offer on a property. offered 260k and appraisal came back at 263k. now the owners said originally the house was not in a flood zone anymore. turns out they lied and ...
Matt Devincenzo
Performing 2nd borrower short sale docs?
So a borrower of a performing 2nd just submitted a 'Request for Mortgage Adjustment' to FCI and requested a short sale. All that was provided was a written summary of expenses, and the last 30 days of pay stubs. FCI h...
Todd Moriarty
Anybody read Steve Berges' book about buying apartment buildings?
I have read his book "The Complete Guide to Buying and Selling Apartment Buildings" and I'm creating a spreadsheet using his "Value Play" model. And one of his calculations is confusing me. How does he come up with t...
Chad Whitman
Is property tax credit considered income?
I purchased a duplex in 2019. As part of the closing, I received a property tax credit of $3,000 from the seller for the time they owned the property in 2019. Should that be considered income?
Diane G.
what is happening is Austin 78750
So a good friend is leaving Bay Area for Austin TX because of the housing price... So I took a look at zip 78750 where she bought a new home for $700K....I can't help to noticed that MOST of the listing in that zip ha...