Hi All--I began delving heavy into real estate about 12 months ago after attending a "Ride Along" with a successful real estate investor in Philly. I learned a ton and took a bunch of value from that day, and somebod...
I own a home in an area San Diego, CA where process are starting to increase. My home currently is valued 365,000. Others in immediate area on same street or 1 street away are valued at 400 or more. My home has bee...
How much is a reasonable budget for legal cost for small apartment acquisition (20 to 30 units)? Activities may include review/revise contract (any special language addendum outside of standard TAR contract), review t...
I am doing some title research on property in California that is being auctioned by the county due to non-payment of taxes. This California State Legislative code outlines which encumberances will survive a tax auctio...
Don't look now but another seismic shift is coming to a real estate market near you.As you might have heard, there have been several recent class action law suits and even Department of Justice guidance that could cha...
Found my 1st flip. Its pre foreclosure. I am concerned on the taxes I will have to pay on the flip. expecting to profit 100,000.Any help on a strategy to lessen my tax burden would greatly be appreciated.Thanks Steve
I live in a college town, where both rents and property values on rental properties are stable and relatively attractive. It seems like it should be a great place to own rental property. But when I run the numbers ...
All,
I have run across an HUD owned home in a great neighborhood...1700 sq ft, 2 beds, 2 baths, a rec room, and an office (bedroom w/ no closet). It is on a corner lot, and similar houses are going for 130-160K. Thi...
My mentor taught me to calculate the CoC with the interest only payments of the loan (not principal reduction). Now a friend of mine said it should include principal part of the payments on the CoC. Since commercial l...
Hope everyone is having a lovely Sunday. If anyone has any resources/books/insight for first timers looking to place their first rental property under an LLC, I’d greatly appreciate it. If there’s already an existing ...