Daniel Sabato
How to Refinance a Property to Pull Equity Out
I always hear people talk about refinancing a property, not for a lower rate, but to cash out their equity? Can someone explain how this works or give me an example? I don't understand how it works. I do understand re...
Riki Tang
My Property is worth $1 million dollars less.. due to COVID-19 ??
***June 2020 NEW UPDATE***: As a follow-up from my deal in contract below, I am thankful we are still in contract due to Covid-19. But now, the Buyers want to renegotiate a lower purchase price significantly reducing ...
Brennon Manske
Paid Property Back Taxes for Purchase. It Was Reclaimed!
I ran across a vacant distressed house today in between my appointments to meet with expired mls. The neighbor says that it has gone to auction and ended up not selling because of back taxes owed.
Several yea...
Michael J Scanlon
Buy and Hold with aim to refinance (small BRRRR) deal.
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $36,000
Cash invested: $36,000
Bought a property cash and will do minor repairs, allow a seasoning period, and refi...
Christian Kelly
Cape Coral, Florida Fix & Flip
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $205,100
Cash invested: $125,000
Sale price: $375,000
This property was purchased as a fun fix and flip opportu...
Stephen D.
Sold Rental. Title company incorrectly estimated taxes on HUD
As stated above, I sold a rental in August, paid the estimated taxes at closing, and now buyer has come back asking for an additional $1,000 based upon the properties 2016 actual taxes. Am I liable for this?The proper...
Pete M.
Current seasoning period for a refi out on an 8-unit?
Hi all,Browsed several posts in this section, but didn't quite get my query answered and would like up-to-date responses. If I missed a current post, please feel free to link it to me.Anyway, I'm currently evaluating...
Christy Philippoff
Advise on the new Trump laws
Does anyone know if the new ruling will include the change from 2 years to 5 years of homesteading a property to avoid capital gains? Is there a "grace" period? If it does pass, what would be some of my options? We...
Tabitha Fox
Creative Financing Question on tax sale property.
I've found a property that I may be interested in. According to our county website, it was sold at a tax sale at the end of last year. But taxes are still owed. (I thought that would have been satisfied with the tax s...
Oliver Santiago
Inherited tenant who lives in the unit for more than 20 yrs
Hello everyone, I am currently negotiating on buying a 2 unit property in my area. When I looked at both units, I asked the tenants in one of the unit on how long have they’ve been living there. They told me that the...