Colin Smith
Would you flip a property with SEVERE foundation problems?
Let me descibe the situation...Property conditions:The house was built on a steep incline and appears to be falling down the fill. So much so that cracks are all throughout the house, it feels slanted when you walk th...
Joe Stubbe
Buying our flip and taxes
We have a flip that we completed and like so much that we are considering moving into it for a personal residence and refinancing it to a primary. Are there any tax implications since it’s currently in an LLC and will...
Nathan Raymond
How do I structure my deal
How do I structure a deal where I bring the money for Reno and do the Reno -I have a renovation company- and sell it. Then split profits of sale with home owner.
Bryan Quintanilla
Ways to work around this deal
I am looking to get some ideas on creative seller financing. The property in question is a triplex and has an after ARV of $350k. the rents are good and the situation currently is that there is roughly $70k worth of l...
Antonio Scerra
FHA 203K loan requirements for Los Angeles area
Good Day All,I have been dormant on here for a long time now and regretfully so. A couple years ago I created a post regarding a property I was interested in and I received some great information by many of the member...
Jairus Wilder
Paying off sellers mortgage balance to use seller finance
Hello, I have been talking to a gentleman who is considering selling me his property using seller finance. He does not own the property outright so I offered to pay off his renaming mortgage as my down payment then ma...
Jordan Northrup
Tax implications for Syndication LPs
I'm a partner on a $3M syndication deal in Northern Virginia. We have 4 General Partners and a very small number of LPs. I have a small ownership percentage; I will make a larger return by contributing $500,000 to the...
Jesse S.
Horizontal Cracks in basement on Turnkey Inspection Report
I got the inspection report for a turnkey property I am considering buying. There was one item listed in the 'Major Item' section. See language below along with pictures:"Horizontal cracking on East side of basement. ...
Brian Udovich
Am i renting my home out at a loss? Depreciation confusion....
My wife and I "fell" into renting out our prior residence after we bought/moved to another home and a neighbor asked if we were interested in renting out or old one. We've since had the same “great” tenant for over 3...
Joe S.
Getting your realtor license is much like getting your insurance license. Yes?
So a number of years ago, I obtained my license to sell health and life insurance. I work for AFLAC for a time and it was a whole lot of door knocking. basically prospecting. Later I worked for another company and ...