My friend has a house the he owns under a land contract with equitable title. Does anyone know if he should depreciate that house on his tax returns or can he wait to refinance and get the deed before he starts deprec...
Hello,I am new to real estate investing and I am about to participate in my first foreclosure auction. I noticed that sometimes the Plantiff Max Bid is hidden. What is the purpose of this? Isn't it normally the same a...
Hi, please explain the information at the end of the post to me as I cannot sleep thinking about it. My lender is not returning work for a few more days so I wanted to ask this group about seller concession on a conv...
Down the rabbit hole: spending all day tracking down a property "owner"
20 Calls later, with no less than 10 government agencies tacked on to the end, I end up with a final "I don't know what to tell you sir, we down...
I'd love to hear any ideas, suggestions, and direction from all the experienced pre-foreclosure investors out there regarding my first deal which is in work. I'm really excited about it and know I can close this d...
Hi, apologies in advance if this question has been asked before. First some background. I am considering partnering with a friend, who happens to be a skilled builder/rehabber, on flipping homes together. We are consi...
Just thought I would post for those interested in tax sales. I attend several auctions a year and buying houses via tax sales has been the most profitable way for me to consistently purchase homes. So I am sold on t...
My wife and I are eager to get started in RE, but have low capital because of paying off all our student loans and buying a family home (finally done). We want to start by doing a BRRRR out of state (we’re in TX with ...
https://www.marketwatch.com/story/coronavirus-stimulus-package-tax-relief-withdraw-100k-from-your-ira-and-repay-in-3-years-with-zero-tax-liability-2020-03-27?reflink=mw_share_email
Just read this article and might b...
So here is my scenario, please speak to if you have any experience in this and if it could work.I recently negotiated an option on a multifamily for about 50% of its current value. I have wholesaled properties like t...