Hello,I’ve been reading up on carry over basis, but I have a specific question I’ve been trying to find the answer to.My grandmother transferred a house to me and my twin brother. She is still alive, and my father, he...
I was wondering if anyone has had any success or can share insight about the process of assuming a loan from a seller when acquiring a property. The idea makes a ton of sense for both buyer and seller; but I was wond...
Hello,Looking for a CPA / Advisor / tax strategist who is good with Real Estate stuff. Untill 2017 life was simple with one or 2 W2s and stocks etc. Last year, I had to sell stocks and invest in Real Estate. So have c...
Hey BP friends, I am going to be the owner of a rental property very soon. With that I will be needing to find renters for my unoccupied space. What is typical of asking a tenant to secure a place, First months rent a...
Hi all,I'm looking to transfer my rental properties into my LLC, and I have been advised that I should do a Limited Warranty Deed vs. a General Warranty Deed. When looking at forms I find online for each, it feels lik...
Has anyone had any success and/or tips for purchasing bank owned property not listed for sale? I've targeted a few homes that are bank owned but not listed for sale yet. I've sent numerous letters to the asset manag...
Total Newbie Question:To Realtors: Can you list a house in Pre-Foreclosure? If it is prior to Auction date with time for default to cure still?Thank you in advance,Mike
I've heard of REO properties purchased by Owner Occupants to be restricted to sell their properties for no more than 120% purchase price for the first 6 or 12 months from time of deed date. But to restrict to non own...
Hello Everyone!
I have been doing REI for a few years now but never ran into this problem before. There is this house i want to buy and the seller wants to sell it to me. Problem is the IRS has placed a tax lien on ...
As I researched more into my faith, I figured out that I cannot deal with interest (am to refrain from it as much as I possibly can). Is there anyway that I can eventually become a real estate investor/ developer with...