I have a question about foreclosures. I know that in most states, when a property is foreclosed and goes to the courthouse auction and you are the high bidder, you own the house that day. In Michigan, if someone doesn...
Hi Guys,
I have been buying and attending auctions for a while,
there is a property i am doing my dd on that has a 2nd mortgage foreclosing on it, with 1st still current.
I haven't attempted to buy a 2nd lien pos...
Hi all,I have been a resident for 4 years and there is a lot of work as far as paint, carpet etc. that needs done to get ready for a new tenant It was pretty much trash when I moved in and mentioned so on the checklis...
I'm looking for an online resource that has data on average cash on cash returns for multi family investments in a given area. I live in California and I know that this state has MUCH lower returns than say the Midwe...
Hello everyone, Ever since the new tax laws went into place where you have to be uber rich in order to write off your mortgage interest. I've been trying to think of ways to move my mortgage to my investment propertie...
We own a duplex in an expensive hillside neighborhood in Los Angeles. The house behind us, which has a very large lot and we share a long property line with, is for sale. If we purchased we would own almost a half acr...
I have an LLC that owns three rental properties. I also have my personal residence that I am house hacking. I bought it with a VA loan, have lived in it 18 months, and am planning to move in a few months. I cannot mov...
What are the general tests for material participation? This question comes up all the time. As tax professionals, we want to get the word out for those considering a real estate professional designation.
Ok. Here we ...