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Hey all,I found my first opportunity. It's a vacant single family home in a great area. Problem is, the owner is deceased and there is a 140k mortgage balance with 30k in missing mortgage payments. When the owner pass...
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Hi all.I ran into a problem that probably the person who lost the property at Tax Sale was deceased at the time. Therefore, there is a possible Inheritance Tax Issue on this. So now we have to do a search on the perso...
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Our condominium building, comprised of 36 units, located in Broward County, Florida, underwent a substantial assessment in 2021. The owners of two-bedroom units were required to contribute $72.5k, while one-bedroom ow...
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Specifically for the agent's commission. Is cash the only way these are paid for? Is there a way to pay out of the capitlal you receive from the sale of the house etc.?
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I am planning to sell a property and 1031 in to 3. I currently have a loan on it. It's my understanding that I have to spend all my net, buy properties that, combined, exceed the sale price of my current property, a...
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When you do a 1031 exchange does the intermediary ONLY hold your gains on a property or the FULL sale amount?
For example you buy something for 100k. You sell for 150K. Is only the GAIN (50k) held or the full amoun...
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Ok I need some help. We're about to settle the sale price on a 3 family that needs repairs to the roof. Initially we tried to split the cost to be paid out of escrow at closing. Seller thinks we should increase sal...
Hi:My names is Kevin from Long Island and I am about to start investing in tax liens. Hope to hear from others in the area or outside my area. I will update my journey. I just received my LLC. Not sure if i really nee...
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Howdy everyone.I am very interested in purchasing mobile homes for cash and owner financing them to buyers. But I have a few questions first.How does a mobile home sale work? Is it more like a sale of a car or like a ...
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I Recently had a broker contact me to sell my property.I agreed, signed the contract. When reviewing the Hud closing statement, I have a $22,000. Brokers fee. I called the broker and asked why? They said you agreed on...