I have never sold a property that I've previously 1031'd into. I am confused on how to think about my potential tax liability and I've had different opinions from professionals. The scenario is that I bought a house f...
I’m curious and wanna start up on house hacking
Hello All, I have successfully found a buyer for my owner financed home in El Paso, Texas. This was a great way to move the property quickly. However, I am considering selling the note as soon as we close, there is a ...
Heading to my local county tax sale here in texas tomorrow. I've done my due diligence but have a question. There is a mortgage on the property. If I purchase the property here in Texas will the mortgage company...
Hi All,Hoping I can get a start on the best way to file. We chose this strategy to allow the max number of mortgages. Partner A purchased 1 property (A is the only person on title and mortgage) Partner B purchased 1 p...
Who assumes the mortgage loan in a real estate partnership? Would all parties need to be on the mortgage loan? If not, do you simply draw up a contract based upon what you all agree on?
can someone describe to me what velocity banking is? all the videos I watch don't seem to make sense to me. I love the idea of owning real estate free and clear.
I'm too new to try to use private money to fund deals. I'd rather not take that risk with OPM at this stage. Aside from owner financing, what other options do I have to purchase properties when my DTI is creeping up?*...
The answer seems obvious to me, but I'll ask the question anyway.
When a seller deeds their property to a buyer subject to the existing mortgage, that mortgage stays on the sellers credit report until the loan is pai...
Is it illegal to enter a land contract if a mortgage still exists?? In wisconsin