Patrick Mahoney
Buying a Second at a Foreclosure Auction
Hello,I recently found a home in California that has two Deeds of Trust on it, the first being a mortgage and the second being a line of credit. The Trustee for the second (the line of credit) is foreclosing on the ho...
Dave S.
1st time filing taxes with real estate...What should I know?
Hi, I want to thank you for taking the time to read this. Call me insane but I wanted to take a stab at doing my own taxes and see if I can make my way through. However my biggest fear is that I leave a significant ch...
Danielle Scott
Roommate Rent -how to claim that income?
I have posted about this issue before and got some assistance on the matter but ran into another snag. A brief synopsisParents and I purchased a house together in 2011 and put into an LLC which we were supposed to be ...
Tommy Ostendorf
Transfer Ownership to Child After 1031 Exchange
A family recently sold a duplex and purchased a new duplex using a 1031 exchange. They would like to transfer ownership of this new duplex to their son. Would this affect the validity of the 1031 exchange and theref...
Alex Hall
What constitutes full time residency
What is the legal definition of full time residency once you’ve purchased a property under an FHA or conventional loan? Does it differ from bank to bank in regards to the conventional aspect? Would 178 days out of a y...
Lauren Norwood
How long before you're under contract?
Hey all,
I just wanted to pose this question to all of the wholesalers out there:
How long does it usually take for you to get your properties under contract with the investor?
Thanks,
Lauren :D
Aaron Gordy
Partnership buy outs
Hi AllI have a question. I am involved in a project that initially started out as a flip so there is a construction loan involved and a good friend/partner. Throughout the course of the project as I was gc'ing it I no...
David Ferguson
Purchasing a vacation rental in Barbados.
Would like to purchase a property in Barbados for short term rental.Does anyone know the ins and outs of ownership on that island.Thanks.Dave.
Ethan Griffel
Having tenants 'manage' upgrades/repairs
I just started reading 'Landlording in Autopilot' and just read about having great tenants take over cosmetic projects such as replacing carpet. In the book the author states this allows tenant to take ownership in th...
Jim Hart
referred to a property. Already listed with foreclosure agent.
A good friend told me of a property belonging to the family of his kid's friend. Father passed away a 6 months ago. I'm told by my friend: $70,000 back taxes due. I checked two most recent installments paid. Wife...