I often have to educate some of the newer investors I work with about this fact.  This is at least the case in DC, Maryland and Virginia, that the buyer of an REO pays 100% of the transfer taxes and redecoration taxes...

Hi, I own an old 2,000 sq ft church built in 1917.  I own it free and clear.  It has a full unfinished basement with tall ceilings.  I am retired and would like to borrow $50,000 for materials to turn the basement int...

Just bought my first house for back taxes. Sold to the state of Alabama 2015.Received A tax certificate 6-23-16. Went by the house its empty but has real estates Sign.Saying it for sale with a lock box.Can i call the ...

Hi folks!In my jurisdiction, and I'm sure it's common in most others as well, any rehab over $50,000 in cost requires permitting and a contractor's license if your are legal entity.  If you are filing as an individual...

I am currently studying for my Builder's License here in Michigan and I am wondering if anyone on here has experience in building small-multi family apartments? There is a shortage of attainable homes and housing opti...

I have a four-plex downtown in SLC with enough land to build a second four-plex.  I want to create a separate legal description for the extra land to put a new four-plex on.  Does anyone have any experience with this ...

I came across a motivated absentee seller that lives out of state. He currently has nothing to do with the property but has left it to a cousin to manage and he lives a hour away from the property. I have been in cont...

When you buy a house in auction, who is paying the current year taxes? I purchased a home at auction in October, will I be responsible to pay taxes for the entire year or just prorated starting OctoberPlease Help!!! 

I am interested in buying REO's probably for flips. I am seeking clarification on the process of how a property becomes REO. A bank, private lender, or government forecloses on someone for nonpayment. Then, the proper...

I’d like to purchase a property and I’ve worked out the purchase price with the seller. However, the seller’s mother’s name is on the deed who he says he paid out (has payment documentation) but I guess never handled ...