Amadeus Hladun
Preforclosures and Short sales differences
Hi, I was just wondering what the difference was between a preforclosure and a short sale and pros and cons for both?Thanks!
Sofia Ruano
Structure Wraparound Mortgage
How do you structure a wraparound mortgage?
Does title get transferred in a wraparound mortgage?
I saw a recent Letter of Intent with an offer to the seller with an All Inclusive Trust Deed
Terms: $400,000 CASH DO...
Jason Meissner
Divorce and Home Sales When Is The Best Time and Capital Gains the Last 5 years
q1:If a couple could choose to sign divorce papers before or after the sale of the home is there a better choice? q2: Is the capital gains rules on living together the last 5 years strict. The state wants a separation...
Page Huyette
Property lien for seller financing--How to structure this?
I'm looking at a duplex with seller financing and trying to determine the best way to structure the deal so I can refinance at a later date. Upon talking to my local bank about the future refinance of the loan into a...
Sam M.
Is there any reason not to pursue a SS where others have tried?
I just spent an hour talking with an owner 2 months from foreclosure. They have had 2 people try to work their SS magic to no avail. I believe the last one was another investor in the area and the owner shut it down...
Anthony Rega
Seller Financing Tax Question
If a seller, who files taxes as "married filing jointly" and has owned their primary residence for over 2 years without any outstanding mortgage, wishes to sell their property for $750,000 and agrees to finance a seco...
Account Closed
The Annoying "mortgage interest" write off
Recently I've heard (or seen) some real estate guys preach and preach and preach about how keeping mortgage debt is good because you don't lose the mortgage interest deduction. This is very misleading to a new invest...
Michael Moreno
Seeking Advice on Amending Tax Return for Rental Property Expenses
Hi everyone,
I recently purchased my first single-family property in 09/08/2023 and converted two smaller rooms into rental units while occupying the principal room. I invested approximately $4,000 in furnishing thes...
James Willson
agent in Illinois won't return my earnest money, what to do??
had a commercial property under contract in February, decided not to purchase within
due diligence time period, sent him a letter.
It's been more than 2 months and no response at all!
He is one of KW realty, listed as...
Duane Hundley
Land sales contract and tax question?
I sold my home after purchasing another home on a land sales contract to a family member. The home will stay in my name until the property is paid in full.
From a tax stand point how is this done? Do I just file the...