Account Closed
Wholesaling a LLC instead of a property?
I have come into contact with a landlord that is looking to retire. He has a package of 12 properties and we have agreed on a price that would be under market value based on comps on all properties individually. It ...
Robert Rodriguez
Looking for my landlords in Portsmouth Virginia, quick question
Trying to find out if anyone knows of an inspection that needs to take place by the Housing Authority, in the city of Portsmouth Virginia even if you do not plan to rent to Section 8? I was informed by someone lookin...
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Getting around the AGI limit for passive-loss deductions
My wife and I are looking into shopping for a rental property. However, our AGI is above $150,000 a year, and neither one of us is a real estate professional.
Because of that, it looks like I would not be able to ded...
Spencer Fuller
House Hacking, Section 121 Exclusion, & 1031 Exchange
Hello,I would like to understand how the section 121 exclusion and 1031 exchange could be applied to a 3 bedroom condo that I own. I lived in the condo as a primary residence for two and a half years, so therefore qua...
Kelly Nicholas
Tips on sheriff sale/foreclosure in Pittsburgh
Hi! I’m interested in a property listed as pre foreclosure/auction in Allegheny county. It was scheduled for sheriff sale but has been postponed until September because of the pandemic. This is a large property and it...
Chris Clark
Turn free and clear property into career?
Good afternoon BP,Wanted to see what the pros think about my current situation and goals and what advise y'all might give.Personal situation: My wife and I work for the same Fortune 200 company. She is on the fast-t...
Nick Leamon
What can I do with an inactive license?
Hey Guys and Girls,Looking for an answer to a simple question but i cannot seem to find it anywhere. I live in Texas and have a full time job but invest in real estate on the side. I was contemplating getting my RE li...
Daniel Kramer
Estimating Project Timeline
I am a beginner and attempting to set up some cost models for fix & flip properties. I am aware of the many costs, including holding costs. However, my roadblock is in determining the timeline. I am wondering if a...
Account Closed
Basis when purchasing subject-to
@Steven Hamilton II and @Dmitriy FomichenkoI read some threads recently where the info on basis when purchasing sub2 seemed conflicting. 2 years ago I bought a property subject-to the existing liens of $250K. Then f...
Carlos R.
Double closing on a short sale California
Do I need to add myselft to title if I want to flip (do a doble closing A to B and B to C) on a short sale? Im thinking that in order for my end buyers lender to work on the loan they have to see me (the seller on the...