John Reed
question about repairs
Hi,So I am looking to buy a place and the owner has a foundation repair warranty for a 1940's house. I had a home inspection done and it said sagging beams. piers not contacting beams piers not tied to beams. is this...
Joel NA
Can short sales be win-win?
Hello everyone and thanks in advance for looking at my question...
I've found a guy who says he represents a homehowner whose place is up for sherrif's sale in June. He's saying the homeowner owes 65K and that the ba...
Marlow Jones
Do I need a brokerage license for real estate investing
I just filed for my LLC via online and I took that paperwork to The Commission of Revenue to receive my business license to conduct real estate investing strategies such as wholesaling, Rehab, and Fix n Flip in the st...
Kevin Crozier
Do I need foreign LLC for out of state rental properties?
I live in Texas. I am purchasing rental properties in a different state. The properties will be managed by a local property manager. I have formed an LLC in the state where the properties are located to hold the pr...
Alex Ng
Cash out refinance on a Executory/Land contract
I plan to purchase a property with an executory contract. I found a seller who is motivated to sell his property at a pretty steep discount.
My plan is to put the property in escrow on an executory contract/land cont...
Renee K.
Inheritance Tax on a foreclosure
Hi from Pennsylvania!
I am looking at a home that is foreclosure and is set to sell at a Sheriff's auction. The title search returned that the property is encumbered at 145K. The owner, who is still on the deed/title...
Jacob Bindler
Would the buy side agents do this?
Let say you are a buy side agent, and there is an advertising to conduct a 4 hour open house for a seller who sells on his/her own. Let's also assume that you are familiar with the area and have time on this particula...
Craig J Eiland
LLC in California
We are getting ready to set up our LLC and are wondering if anyone from California has opened one in another state to get around the large yearly tax of $800 in our lovely state. We have been advised by an attorney to...
James Boreno
How long until I can do another 1031 Exchange?
Hi BP,
Quick question, I completed a 1031 exchange on 9/2023 (about 4 months ago). I purchased a 6 Unit Multifamily as the replacement property and put about $150K in renovations into it. However, after thinking abou...
Trey Williams
Completing a Rehab during the Coronavirus- Covid-19 Outbreak
Completing a Rehab during the Coronavirus OutbreakThis originally was going to be a blog post but I decided to post it in the forum to have more people view. Thank you.
Let me first start off by saying that this reha...