Anthony Ladd
Lost a potential deal for this
I recently came across a multi family unit with a good asking price in my eyes, everything went pretty smooth even had a time to meet and put house under contract. But the guy wanted a 6,000 deposit on the property...
Aaron Smith
Getting a 2nd Portfolio Loan: Go with New Lender or Same Lender?
Hi, I am trying to get some input here on what I should do. I have 1 commercial/portfolio loan with a local bank that has 3 properties on it. Total loan was for $300,000 and it was started in May 2016. The terms ar...
Page Huyette
Dividing NNN for a subleased space
I'm running numbers for a master lease of a mixed use building: two commercial spaces and one apartment upstairs (Units A, B & C is the apartment).Units A & C are leased. Unit B is vacant and I'd like to sub...
Gaurav Mehta
Realtor not interested in putting an offer @ 91% of Asking
Property listed for 928K in San Jose, CA. On Market for 60 days now. No offers on the table at the moment.Asked realtor if she can make an offer for 850K and she said it is too low and is not interested in making such...
Ray Ochotorena
Just starting out, current home sell (and 1031) or rent?
Hi everyone, I am ready to start investing in real estate and have a situation and thought I'd reach out to see what you all thought. I am in my current home and building a custom home for my family. When it's complet...
Tess Fike
Long-Term Capital Gains Deductions
My husband and I purchased a home that we used as our primary residence in June 2020 for $182,000We are now selling it for $295,000 in July 2021We currently fall into the LTCG category of 15%Our new home is being purc...
Kris Kahrs
Best way to avoid paying Capital Gains Tax on primary residence?
Hi All--my husband & I are in the process of selling our primary residence in Los Angeles. We have a lot of equity, we've been in it for 20 years in a trendy neighborhood. We bought the home for $230K. We may h...
Pandu Chimata
2nd home or Investment Property
I am in the process of puchasing an investment property (for short term rentals). How do I underwrite the loan?By the face of it, it's an investment property - where it is going to be rented out and expected to make m...
Elizabeth O.
HUD home: Why does open bid date keep changing?
I am not very patiently waiting for an exclusive period to end so I can place an investor bid on a hud home. The bid open date keeps changing. Does anyone know why?The other day it said it was open 10/14 then on 10/...
Cliff Allen
First Deal -Worried About Others Stealing Deal
After years of building up courage, I think I found my first off-market deal. The timing is terrible as the rehab period is right in the middle of a change in my primary residence. I don't have much capital to risk at...