I made an offer on a property listed on MLS through a realtor. The realtor called 2 days later and said the offer was accepted. I told the Realtor I was out of town until late friday, and she said I could get the P&...

I know this is the millionth post about LLCs. I've talked to two investors in California and they said if a property is in an LLC, your heirs (my kids) would lose the step up basis. For example: if I bought a house in...

We have been under contract on a cash offer for a SFH since August 24, 2020. We are feeling stuck, worried about the condition of the home being unoccupied all winter, losing money not being able to rent it, and almos...

Hi

Iv had a tax bill for 2010 of $2500 and a tax bill for 2011 of $2900, these are ridiculous, i paid $20,000 including rehab but it shows i paid $10,000 for it as its a fanny mae repo. I have been told there is a d...

So I have a listing agreement that started in December of 2014 - May 16, 2015. The listing expired, and I recently just found out that the property went into escrow the end of April, and will be closing next week. Fro...

Are you a fix and flipper in the state of Arizona or are you a General Contractor? What’s the difference? It turns out that a “Fix and flipper” is someone that is engaging in something called “contracting without a li...

I purchased a condo  in Florida at foreclosure that had a Limited common element parking space.  The owner that was foreclosured refused to allow me to use the space as he owned another unit in the building and was us...

Maybe I'm overly cautious or paranoid but that is a big concern. If it comes to evicting a tenant, or some other reason a tenant may have a grievance, I would feel much safer being some random Jane Doe. My first thoug...

Let me start by being crystal clear. I am very sympathetic to all of those who have been exposed to COVID-19 – those who have either struggled through severe (or even mild) symptoms and certainly those who have passe...

So, my friend is closing on a "Officer Next Door" (half price) property via HUD in Los Angeles. The house needed repairs so the standard hud loan did not work. He was placed into a 203k loan. He is about a week from c...