Brian M.
Deed Restrictions and Transfer Date
I have a 2 part question on deed restrictions. Here is the language in the BOA/HAFA short sale addendum (paraphrased):
No transfers for 30 calendar days. No selling for a gross sales price greater than 120%...
Erika C.
Question About Capital Gains
Hi Everyone,Does anyone know if you still get taxed on capital gains if you do a 1031 exchange and you only put some of your sale profit into a new property?For example - you make a total profit of $545,000 before cap...
David Morrow
Purchase and Sales Contract - Sale Pending Purchase Contingency
If BoB Noob (fictional person) has a signed Purchase and Sales Contract for property X with Dwayne, can BoB enter a 2nd Purchase and Sales Contract on that same property X with Larry. The 2nd contract would include a...
Logan Pettigrew
Finding Short Sale Deals
Is there a trick to searching realtor or Zillow for short sale opportunities?
Chad Skiles
Short sale taking forever
I put a house under contract at the end of May. It was a short sale so we specified a closing date within 60 days. We also specified that the 8 day inspection period would begin after the bank approved the sale. Af...
Shequann Burrwell
wholsale a shortsell
can you wholesale a short sale?
i had a seller call me on friday wanting to short sell his property because he can no longer afford to keep it as he can't work and is physically disabled. is there a way I can wholesal...
Wade Stahle
Capital gains, selling 2 months before 2 years.
Hi BP,I am planning on selling my house before the 2 year mark. However, I am at about 22 months of ownership. Will I owe capital gains taxes? If so how much and how did you calculate this? Purchase price was $187,000...
Tracey Steele
Short Sales in Chicago
Hi BP Community,
What are your thoughts on short sales and offering slightly below asking price? Also, I'm not sure whether I have the endurance for a short sale, but the potential property is a seeming good deal for...
Ryan Fatula
Deferred Payment Sale Of Property? Have you ever done this??
Hey everyone, so I'd like to get your input on a situation I have going on with one of our rehabbed properties.
I just received an interesting phone call from someone who saw one of our yard signs at one of our rece...
Mark Gingrass
Short sale offer?? Can I get deals or not?
If a property owner is facing forclosure and can proove that they can not pay the mortgage payment. This would be ideal for a short sale right?
Lets say property owner X owes $78K pay off amount.
The house only app...