John Mize
Suggestions on selling commercial mortgage note
I sold and owner financed a convenience store in September 2012 for 10 years (Business and Real Estate) and I am interested in selling the note. How should I approach this, and how do I determine an asking amount vs r...
James M.
Estimating Tax Return / Positions
Hey guys, I have a quick question regarding taxes, and tax strategy. I know many of you are probably shaking your heads because one shouldn't invest for a tax advantage, but I live in California, have a high income w2...
Gary Gneiting
2nd Lien MD NPN Note, Would appreciate Advice from The Experts
This is my first Bigger Pockets post, hope someone would like to comment. I have an opportunity to buy a 2nd lien note and was hoping for some advice. I am in this with someone else that is much smarter than I but wan...
Bill Morris
How to structure a private loan...
I'm a new investor and am in the process of gearing up to make this my full time endeavor after being laid off for the first time in my life. I have owned several homes and have 1 rental property (duplex) that we purc...
Shawn D Augusti
What address do I give my CPA for tax filing my rental LLC ?
hey Bigger pockers,I just setup an LLC for my rental property and used a Registered agent in the process. I now need to update my CPA firm about this new LLC. in their form it states "what is the business address". Do...
Keith Thompson
Tax Lien Foreclosure & Lifting the Bankruptcy Automatic Stay
I’m headed to BK court next week to petition the court to lift the automatic stay, thereby permitting me to resume/conclude foreclosure on a tax lien certificate in Maryland.The property is an investment for the owner...
Cheryl C.
Installment sale tax treatment question
I've got a property that I've owned a long time and it's been depreciated down to practically nothing (condo, so no land). I'm selling and I have a buyer if I will hold the paper. Say I get 20%dp, interest only and ...
Kyle King
Seller files BANKRUPTCY at 11th hour on apartment complex. How do I work with the Seller?
I have an apartment complex (150 units) in Texas that was offered at great discount from a Seller that was in default. The complex was up for foreclosure today (1st Tuesday -March).
I got offered ...
Herm M.
How much can someone charge on a loan mod?
A lot of us short-sale flippers have the same goal: to find as many listings as possible. But we all run into people who aren't willing to short-sale their property, and they would like to attempt a loan mod.
I haven...
Chadeesia Dunkley
Should I pull money out of my 401k to use for down payment???
Should I take advantage of the no penalty for pulling money out of my 401k? I want to buy my second house and I was thinking about pulling out about $25k out of my 401k to use for my down payment and closing cost. I a...