Jarod Rotolo
Tax Ramifications of Quit Claim Deeds
The question is, how would the following scenario impact taxes when filing the tax return the following year?SCENARIOGrantor deeds homestead property worth maybe 20k to person A. After some time, person A finds that t...
Derek Morrison
Cap rate: which is better?
All other things being equal, is it better to have a higher cap rate than a lower one? Is a 10% cap better than a 5%? And why?
Cierra Seay
Squatter's Rights
Michigan landlords and investors should be happy with these new statutes. This will effect foreclosure and auction property sales now that it's easier to get people out.Michigan recently passed three new statutes spec...
Mary Jay
No lease/no English, realtor says tenant will be out b/f closing
There is a good deal on the market, Its a SFH, tenant does not have a lease and the tenant does not speak English. The landlord is not willing to sign a lease with the tenant. But even if they wanted to sign a lease,...
Zach Wain
Rate increases for 2nd homes and high balance loans are coming
Second Home and High Balance loan rate increases
FHFA, the Federal Housing Finance Agency (parent of Fannie Mae/Freddie Mac) is implementing new “price adjustments” to all second/vacation homes and High balance loans...
Kenny Hardcastle
My first buy and hold
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Cleveland.
Purchase price: $80,000
Cash invested: $20,000
This is my first purchase, a two-story duplex 2/1. I'm hoping to...
Tereal Wilsonn
Security deposit and last months rent
At the closing of an already rented property (duplex) of course the security deposit is transferred to the buyer does that mean the last months rent should've also been credited to the buyer ?
Oscar Padilla
20% or 25% down payment on a loan for a rental property.
What makes the most sense for an out-of-state investor looking to eventually acquire multiple properties valued at around 100-125k. Both options are 30-year loans. One is at 4% interest with 20% down or 25% down payme...
Robert-Lee Pass
Garage or No Garage?
Hey everyone , real quick, i just came across a decent deal price wise (-175K from comp with garage) its a 3/2 duplex 1100 Sq Ft but has no garage or car cover. thoughts on demand for something like that or challenge...
Colin C Barrett
Should I spent 12k on an real estate coaching group?
After making it thru the first interview with Six Figure Flipping (6FF), I was asked, "how are you going to pay the 12k, by credit card or something else?" I told him that I was concerned that I was not given more me...