Christian Bors
New lead motivated seller, I need short sell advice
Hello,A lead came in today from a gentlemen who wants to sell his house immediately. I went out to the property this afternoon, and I would classify him as extremely motivated (aka he offered me the keys). The probl...
David Jesse
Buy my first house under LLC?
I am looking into my first house. I am looking to buy a house in California which has a seperate guest house. I don't plan on living in California. My plan is to buy this house and rent out the main house, and maybe s...
Mumu Shang
Bankruptcy Trustee Shortsale
Does anyone has experience buying Bankruptcy Trustee Short sales?I just started stepping my foot into Real Estate Investing. I'm interested in a short sale that is asking for 70,000. The value of the house after repai...
Sean Mcguire
401k financing
I have the ability to borrow up to $48k from my retirement plan. It's paid back at a 3% rate. I'm new the Minneapolis/ St Paul metro area and would like some advice on purchasing with intention to rent. We have a ...
Dave Bopp
Thoughts on Perspective Tenant?
Hey All! Was hoping to get some feedback on a perspective tenant. I am in the process of screening someone who is relocating to the area from out of state for a management position with a local company. His income (wh...
Kathryn K.
Declaring Insolvency to IRS
If someone is insolvent at the time of a shortsale and is issued a 1099 for forgiven debt, does filing insolvency with the IRS affect a person's credit? Does the IRS report to the credit bureaus? It would seem that i...
William Richard Arens
Buying Parent’s home for what they still owe, is it allowed?
My Father started a company a few years ago and is currently at risk of losing his 2 million dollar lifesavings if he cannot sell the company (intellectual property holding company). Instead of losing his home, he wou...
Alfonso Andolz
Advice Needed - Payoff mortgage or keep the capital?
Hello All!Here a little backstory to my situation. I went through an ugly divorce a few years back where she took over the rental property we had, I kept the house we were living in, and I had to declare Chapter 7 ba...
Peter Crabtree
Auction Canceled
I found a great foreclosed property a few weeks ago that was supposed to go up for auction at the local courthouse on June 14th. The auction for this particular property was canceled at the last minute. Is there are w...
Chris Adams
How should I start?
how should I start out as a real estate investor? I have a 575 credit score with no capital. I an a licensed real estate agent with my license on a holding company. I would like to transition from my full time j...