Hilary Stalder
House Sold - Now What?
So I sold my house and pulled out everything I had invested in it. I bought the house for $280k, sold it for $350 and paid $10k in expenses on top of the $60k for the renovations, so in short... I broke even. I have $...
Vik Divinets
Need advice on my first property deal.
Can you please help me and advise me on this one. I have a 28 unit apartment complex (mom & pop type) under contract for $185,000 and the tax assessment is at $250,000 and its market value is at $300,000. Fully oc...
Tyler Carpenter
Buying on contract?
How do you go about buying a property on contract, to where you name is at least mentioned in the deed somewhere? The reason I ask this question is because what im looking to. I may or may not be able to accomplish th...
Doug Woodward
Should I buy a property with an IRS lien via seller financing?
Brand new to Bigger Pockets. Through show 19 so far, but first post.I just got a property under a standard 1-4 residential TREC contract in Ft. Worth, TX for $45K. It is schedule for a tax sale on June 5th (next Tuesd...
Jonathan Cope
Podcasts: How do you take action?
Question:How do you take action based on the Podcast Shows you've enjoyed?Why I Ask:Tonight, I am listening to Podcast Show 21. During my commute, I enjoyed Podcast Show 22. In the past few weeks, I have listened from...
Gary Kaucher
Seller Financing - Condo Declarant - PA
My wife and I are the Declarant for 32 residential condo units that we built in Pennsylvania between 1984 - 1987. We sold 26 of those units then, and retained 6 units that we have leased out over the past 28 years. S...
Hooch ®
Buying a Paid For House With Liens and Not Paying Them
I've got a question for those here who have a good handle on real estate law and a second part question on insurance ramifications.
I'm a landlord with a number of properties that I have historically bought by payin...
Pat A
How is mortgage affecting wholesale deal?
For a wholesale deal, I read somewhere that one of the question to ask the seller is "How many years left in mortgage?". My question is why ask. How is it affecting a wholesale deal???
Does that mean my offer shouldn'...
Brian Garrett
Are these properties essentially leftovers?
Since REO's are bank owned and have already gone through the foreclosure and auction process does that mean they are a less desired investment property? I would think that all of the seasoned and experienced inves...
Account Closed
Trying to estimate sellers capital gains tax
I am trying to put together an offer with seller financing on a package of houses, think mobile home park but slab houses.I am trying to estimate the capital gains taxes the owner will encounter if a cash sale - to be...