Hello all, this is my first post on the forum, so I will try and keep it short and concise.A homeowner is willing to offer her house in Lake Placid, Florida to me, without any cash in her pocket. She has a mortgage fo...

Has anyone ever purchased a lien put on a property by a utility? (Electric, lets say) What document is used to record the sale of the lien? Anything else to consider?

Could someone enlighten me on the tax implications for the homeowner of a short sale. My understanding is that if they had refinanced there would be a 1099 issued, but if it was the primary purchase loan there would b...

Found something in SC, with an accepted offer but i'm still not feeling confident with the numbers and im flying there Friday10/15 for inspection and contractors. Wish someone could enlighten me before I make a big mi...

Guys and gals,I've now been reading now for more hours straight than I would like to admit. Lots of which revolved around owner-financing, be it seller carryback, contract for deed, or lease-option. I'm going to be pu...

OK.  I'm new and been on Biggerpockets like one would be on facebook... lolI am learning something every post but I swear these acronyms are confusing me to no end.  1) Is there a place where I can see a guide for und...

We own 2 single family rental homes and a 4 plex. We're about to purchase another single family home to rent. Seems like there should be more options when insuring multiple rental properties. Is there such a thing as ...

Who’s familiar with the new law (SB-1872) that restricts wholesaler in Illinois?

So we know the following:

1) A loan officer, title rep or other ancillary service provider cannot pay a RE agent a "kickback" or otherwise provide items of value as part of an ongoing business relationship.

2) An R...

At one of the REI meetings, I heard a term used called "Using professionals to raise capital". Wasn't sure exactly what was meant so am asking the group here to enlighten me as to exactly what this constitutes. Some o...