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I've been digesting this site for about two years now and have recently become interested in flipping. I would like to purchase a property, rehab it, and then rent it. My question: From a lender's standpoint, what exa...
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Hello, all,
I am conflicted on what my next path will be. At this point in time, I don't know whether to buy cheaper properties for CASH and do only needed repairs and resell, Fix and Flip. Do several of those?
I ...
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Does anyone know where you can purchase past due mortgage lists?
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Spoke to my attorney today, who represents many Short Sale Investors, and he informed me to clients of his last week got either approvals or affidavits (can't remember) from Wells and Chase requiring the buyer to sign...
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I have come across an REO that is in excellent condition with comps selling for significantly more. The house would need basically no work other than cleaning and staging (1 week).
(It's a FNMA so this is assuming I ...
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I just read in Han and Macfarlane's tax book that profits from flips get taxed as ordinary gains, not capital gains. What is defined as a flip? If we merely paint and cleanup and maybe replace carpets for less than $...
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As of right now, the seller and myself have an agreement on price and hopefully he sends over the contract tomorrow.This is a HUD property being wholesaled to me. I wont be using an agent this time so i'm taking any r...
Hello everyone I'm new to real estate investing in Memphis TN. My question is can I wholesale HUD homes.
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I am the buyer/tenant on a lease with option to purchase.I am ready to exercise the option, however, I plan to sell the home right away and cash out.Since I have not obtained title to the property yet, can I market th...
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Hi I was thinking of whether I wanted to receive Credits vs a Price reduction for a property I'm purchasing in Long Beach, CA.As far as prop 13 benefits (for locking in Califonia property taxes) I could see a benefit ...