When buying a tax sale house banks will not lend on the house, how do you go about selling tax auction house? Do you guys rent it out for number of years? Thanks advance this is my first purchase
Hi all,
I understand from the many post that only 75% of the rental income is considered as income -PITI= $$$ <- if positive, additional income, if negative, additional debt.
I came across a recent post that is ...
I have a rental property that I used to live in, which means I have loans against them in my name. After the financial crisis a bank that I held the HELOC with locked down the credit usage, meaning that I could make ...
Father and two daughters bought a house through 1031 exchange. Title is held as tenants in common, 50% father, 25% each daughter. Exchange was completed a couple of months ago. Would there be an IRS issue if father re...
I have been riding around getting addresses of vacant, ugly homes in a couple areas of town. I want to send out hand-written postcards to the absentee owners to see if they are interested in selling. (I wholesale) I...
so i have 0 positive support feedback , realistically 0 positives coming from my parents regaurding me wanting to get into real estate or anything involved except buying my own house. what do i do ? its reallly gettin...
So I sit here another aspiring real estate investor. I started with some seminars years ago, and very regretfully did not continue pursuing RE. For a few months I have immersed myself in podcasts, blogs, and books, so...
So we are in the process of closing on our first duplex with M2M tenants in each unit. We've been thinking about trying property management and would like to start with this property. What are some red flags or good q...
Cold Calling? Yuck!A little background on this, I am a new real estate broker in Indianapolis, and I am a very ambitious person. Working for a small brokerage firm has its positives and negatives. One of the negatives...
Hi BP, here's the deal, I got a response to one of my yellow letters from an elderly lady who is recently widowed. She has a home that is currently rented out for $850 a month. Her mortgage is $962 and she owes a li...