Jeremy A.
To take a loss? Break even? Or take a profit? -Come tax time
Hello everyone, I fully understand that every situation is different because of personal income, rental income, differing states/taxes and even marital status plays a roll. I believe that I have a strong grasp on taxe...
Anibal Mijangos
What makes a great wholesaler?
RE investors, what do you look for in wholesalers to know if you'd want to work with them on a deal? I'm trying to better understand what makes a great vs good vs bad wholesaler. Thanks for the input!
Ray Hayward
Private Financing Standards
Hello,
I am negotiating a property and the seller is willing to consider private financing and is asking me what I am thinking as far as terms, interest rates, etc.
Can someone help me understand what a...
Zach Adams
Owner-Occupied MFH Tax Questions
So I'm looking for a duplex to live in at least for 2-3 years. I've qualified for a 3.5% FHA loan, and have questions about what I can deduct. I own 2 SFHs so I understand the standard deductions. Can I use these s...
Tyler Speelman
Credit score in spanish from time period while living in Mexico
In the process of pre-screening a prospective resident before scheduling a showing. What are your thoughts on a credit score given from Buro De Credito pulled from timespan when prospective resident lived in Mexico?Th...
Billy Farley
Looking fo the section 8 playbook.
I have a call with a couple of out of town investors who are interested in investing in section 8 in detroit. I am here and a former agent/wholesaler. I can analyze a deal, but don't have experience with section 8. Ca...
Alexie Franck
Closing costs from 13k to 17k for $380k NJ home
Hi All, I need another opinion/clarity about my closing costs. Home is a multifamily for $380k, conventional loan, bought 1 point and interest is 6.125. Initial closing cost estimate was $13.5k. Just received disclosu...
Matt Steinmetz
Furnished Finders Lease Questions
I received a request for a 60 day rental this summer. I have completed the credit/background and filling out a lease. I am not sure when to ask for the first payment to be due as it is now January and they won't move ...
Joseph Ayala
What does this mean on a “contract to purchase real estate”
I’m not clear on what this means on a “Contract to purchase real estate “ can someone explain this to me .“Buyer obtaining real estate mortgage for no less than ______ payable over ______ years with interest not to ex...
Ryan Haley
Partial 1031 Exchange
I’m selling a property right now for a long-term capital gain of ~$55,000. Am I correct in understanding that my 2019 long-term capital gains will be 0% up to $39,375 and my standard deduction (single) of $12,200 mea...