Tud Jones
TARP, P-PIP.
I got a letter in the mail about TARP, P-PIP, and how a firm here in Vegas could buy my loan from the mortgage company then use TARP money to subsidize a reduction in principle/negative equity of my mortgage. I calle...
Matt McGuire
3 bed/2 bath Triplex
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Copperas Cove.
Purchase price: $172,000
Cash invested: $50,000
This is a triplex with two 3/2 units and one 2/2 unit.
...
Matthew Teixeira
Purchasing a multi family with an illegal unit
Looking into purchasing a multi unit with a unit that is not known by the city. Public records has the property with 4 units but a previous owner converted the attic space into a 5th unit. To my understanding, the cit...
Darrell Bazemore
Effective Next Steps for Wholesale Newbie
Ok so Im at a crossroad on how to go about wholesale real estate. I've never done it, but I think I've found a deal. Can anyone advise me on the next immediate effective steps to take advantage of my 1st deal? Also pl...
Andrew Hoek
Interest Only Loans Claw Back
Ten years ago, the real estate market was on its way to all time highs. Anyone who was not investing in real estate was a fool. Along with all of the excitement came the infamous 10 year, interest only loan. Fast forw...
Nathan Benich
Flip Property Right Before Covid-19
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $223,500
Cash invested: $60,000
Sale price: $350,000
This is a beautifully remodeled 4 bedroom, 3 bath, 2,14...
Corey Dutton
Scams in Forensic Audits Cost Borrowers Millions
Foreclosure rescue scams, also known as forensic loan audits, are still alive and well. In a loan modification scam, a forensic attorney or CPA, agrees to review mortgage loan documents in exchange for a fee. These...
Freddie Williams
Starting out from residential to CRE, where would u start in units?
Been investing in residential for years. Want to move to commercial properties, will have to invest out of state. So the question is, would you invest in 8 units to start? Or would you go with 12 to 15 for scale and p...
Allison T.
Tax re-assessment in Atlantic City
Hi, I am looking into Atlantic City now for multi-family housings.Property tax is so high in the city compared to the current market value of the properties.For any of you who are experienced in this, how easy is it f...
Greg D.
Deduct state sales tax on a flip?
I sold an investment property in 2015. Maine withheld a 2.5% non-resident tax at closing. Can this expense be deducted / added to the cost basis?