Marcus Perkerson
Do I have enough capital to enter the area of Notebuying?
I have $70,000 in capital to invest in buying notes. Would that be enough to get into note buying? I recently retired and I like to augment the income I receive as a landlord. I don't want to purchase anymore tenan...
Sam Ven
HOA dues for Ist mortage closing
I have been reading that if the 1st mortgage is being closed upon, than all liens that are filed (other than state/ira/utiliy liens) are wiped out. Does it mean, even mechanical liens doesn't hold? What about the HOA ...
Eric Anderson
Subject-to property purchase
Hello all! It's a long read and I appreciate your feedback. I'm looking at doing a subject-to transaction, me, as the buyer. I've got a verbal agreement for these terms: purchase property for $230,000, 0% down, 20...
Account Closed
Off Market Private Acquisition
Bigger Pockets Community - need some guidance! There is a a vacant property next to the property I am closing on this week.I had a broker run a title report and it shows the house has a mortgage with Wells Fargo with...
Account Closed
How to structure a deal that allows the seller to pay less taxes
I have a lead that is considering selling. It is an SFH that he has not lived in for over 5 years. The seller wants to avoid capital gains taxes. I will give him a 1031 Exchange as an option. Anything else?
Umesh Chokshi
Need help for tax guidance
Hello Everyone,My wife and I are owning one residential investment property which was purchased for around $500K, 7 years back. Now the property is worth $1,2Millions.We are planning to donate this property as now it ...
Barbara McArthur
Good Deal Going Bad...Do I Have Recourse?
When I was looking at a house with a Realtor the seller showed up. He talked a lot and one of the things he said was that he'd hold the note. Later I asked the Realtor to follow up with that and she reported that he...
Mike Migliaccio
Tax loophole
Does anyone know if partnering with a seller of a multi family building could allow for the seller to defer paying capital gains taxes as follows: I partner with the seller by buying in for a fraction of the fair mark...
Marquis Kirk
Husband and Wifey Team
hello everyone, I'm new here and to real estate investing. We have a 4 yr road map that will include buying at least 3 investment properties. This year we are becoming debt free before we start investing. This year w...
Jan H.
Collection without Judgement in CA
I wanted to ask for insight on collection-related matters in CA. I had to evict my tenants and obtained a judgement from the court for unpaid rent. I am assigning this judgement to a collection agency.Now the propert...