Tom Medwin
Strategy For Working With Realtors & Commissions
As a realtor I just want you guys to know that you are being a little too generous to have the realtor make their commission on the A-B transaction AND B-C transaction. Just know that most, not all, but most realtors...
Benjamin Cowles
How much time is needed to acquire pre-foreclosures before sale?
A local online news publication I'm using for public notices conveniently lists pre-foreclosures by sale date. How far out from the present date should I start using these leads? What's the minimum time needed to acqu...
Sylvia Castellanos
What costs do I have to deduct from what I am paid for a property?
I am pursuing my goal to be a land investor, and so far I feel good about having bought a number of lots at a good price. There is still a lot I have to learn, so my question is going to be as basic as it gets. I nee...
Shanda Williams
Free & Clear Home
What approach or direction should I take when dealing with a free and clear home? Owner financing is available
Erika C.
Question About Capital Gains
Hi Everyone,Does anyone know if you still get taxed on capital gains if you do a 1031 exchange and you only put some of your sale profit into a new property?For example - you make a total profit of $545,000 before cap...
Tom Doherty
Sheriff Sale - Delaware County, PA
Hey BP,I attended a sheriff sale this past Friday in Delaware County, PA. It was a great experience for me to attend and see the process of a sheriff sale. I understand that you have to do you due diligence on each pr...
Kevin Lewis
Avoiding capital gains tax
I took out some equity on one of my investment properties in 2015 and I am going to use it to put a down payment on another investment property in 2016. Can I do a 1031 exchange for this transaction and, if so, do I s...
Richard Aaron
1031 Tax Exchange--What Exactly comprises the Net Sales Price?
I'm selling a rental property for $232,000. There is a $60,000 loan balance owed on it. After commission and closing costs and paying off the first, I will net $158,000. 1. Can someone clarify for me which of the abov...
Kim Horn
Owner financing on unimproved land.
My husband and I have a parcel of bare, unimproved land in South Carolina for sale and a potential buyer is asking is we would consider owner financing. What are the benefits and potential downsides to this?
Mark Paes
Pre foreclosure confusion
I have a son of a friend who has come to me with a pre-forclosure. He's 4 months behind on a 1st and 2nd mortgage.
Looking at the numbers, it does not seem to be a good property to flip to an investor. But I would lik...