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Quick back story: I am helping a client find a new lease. Their current building is not renewing leases for whatever reason and so now my client who just gained citizenship last year and his wife, a victim of identity...
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Has anyone had to deal with receiving a "Notice of Forfeiture In Rem" letter from the Dept. of Justice for a property they hold a note against? This can happen if the owner of the property is using the property for i...
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The Federal Gov’t has two more interest rate hikes scheduled for Sept. and Dec. this year. We have already had two. Both had an immediate effect on most markets across the board. How will this effect the R.E. Markets ...
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Hey everyone so I’m trying to find the best way to acquire REO properties without having to go through auctions or online bidding wars. Is it possible to do so? Any recommendations on this? This aggressive buyer need...
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We will receive a net gain of $250,000 from the sale of a relinquished investment property and the funds will be held by a QI. We want to purchase a mixed-use replacement property for $750,000--a home with a detached ...
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Hello BP! Here is my situation. I currently have under contract 2 homes free standing being sold together, on the same parcel and tax deed. Credit,Debit to income and cash are good. We were denied because the underwri...
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Hello all,
So after the inspection on a 4-plex, we sent the following response to the seller:
1) Repair/replace main plumbing waste line that is backing up and leaking in the basement.
2) Replace water heater that i...
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I havent dove too deep into the 50% and the 2% rules of thumbs. Im going to make a purchase on a MF owner occupied investment property in the near future and since it'll be my first purchase, I plan to scrutinize ever...
Purchase price $600k
Rehab: $100k
Sale price $800k
Gain: $100K
Is it possible to take the $100k Gain & buy a $100K property cash w/ 1031 exchange?
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I am 41 with a family and both my wife and I have well paying jobs. I have 100k in savings that I would like to invest in something other than the stock market where I am already heavily invested. I have read th...