I have owned rentals for 4 years now. I never took the depreciation!!! If I go back and amend my tax returns for 2014, 2015, 2016 would that EXPOSE me more to an audit? I stand to get back an additional $2,000 per ye...
Can anyone tell me what a "AAA rated Fannie Mae portfolio available in $1B increments is? Does this sound like a bulk reo portfolio or something else? I would appreciate any insight.
On 11/29/05 I entered contract purchase/sale contract for 84 properties fairly close to my area (about 100 miles away) My finance people will have no problem paying for the properties and making them mine to have and...
True story: A friend of mine called me 2 days ago about a "professional matter". His dad is up in age, and has been a long term apartment complex owner. Him and his wife have been surviving off the proceeds of it,...
Ok so a guy ends up with this house through probate. Old house (1900) needs some work. With an ARV of 170, repairs at 50 I was willing to go up to 70. He won't take less than 80. Says he put in 77 to get it out of pro...
Ok guys so this could be a potential deal I found in the area I have been farming in for a while.
House is foreclosed. Offered 27k a few months ago. Nothing. Then I got a call and the agent was asking if the offer w...
Ok, this is technically my first real deal on my own.
Foreclosure in my town, found out about it via them coming to look at my current house that I'll be renting out.
Property-2/3/4 bedroom half double, 1.5 baths (t...
Just wanted to see what the community thought of this quad. List price 99,900 with slightly nicer comps renting for 600/mo. I would live in 1 of the quads initially but move out after 6-12 months or upgrades were co...
I met an investor who is selling a three family house in an ok area, i asked him about seller financing and terms/conditions, he seemed to have no clue what i was talking about, so im assuming he doesn't have much exp...
First if anyone is from the Newark NJ area please comment on this property if you know the exact location, and if it is a war zone or not. I am from NJ but I do not know which areas are good and bad besides iron b...