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Is anyone getting the homeowner to sign over a Quit Claim Deed to you? If so, are you then able to negotiate directly with the bank to get the mortgage reduced?
This would be like a Subject-2 transaction, so...
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I joined this site to ask a question about capital gains taxes when selling my rental property and came across a recent thread about quit claim vs grant deeds. http://www.biggerpockets.com/forums/84/topics/75839-sign...
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I am in the process of wholesaling a house from a man who would like to leave town ASAP! He bought the house from his pastor with cash in exchange for a quit claim deed, but the deed was never recorded.I took the sell...
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I'll be closing on my first rental property in January. Therefore, it won't be until next year that this will impact my taxes. I was curious to how people claim their rental income, and how it's taxed. Is it taxed ...
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Hey everyone, i'm currently trying to get my finances in order to purchase my 2nd rental property. I work as a carpenter and 40% of my income is paid under the table. I also do cash jobs on weekends and evenings. My l...
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I found a property and put in an offer that got accepted. signed the contract then talked with sellers attorney for closing information (set to close with on 5-6). sent earnest money to attorney. then 2 days later ...
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- I am doing my first flip and have closed a bank owned property in my own name 3 weeks ago. - I have a s-corp that I use for my software consulting purposes.Questions - I want to know if I should file a quit claim fo...
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Hello. I have a 4-plex that I had planned on updating and re-spraying the lines for the large parking lot in front of it. While preparing for this, my property manager was given an easement by a neighboring unit's own...
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So about a year ago I found a house for a buy and hold but my sister decided to purchase this house to start her real estate investments. The house is a cash flowing property. I helped my sister out through out the en...
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I was the successful bidder and unfortunately i paid 50k over the plaintiff max bid, well someone else was bidding the price up too, but long story short, i ended up selling the property, and i made some money. has th...