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...
Thomas Manuel
someone asked me would this be a good deal or not, i think it's still lacking informtion, what do you all think
Asking $2,400,000 for 8 Properties - 11 Units, SFR, Section 8 tenants, Annual Rent $202,150, buyer must participate in seller's 1031 exchange
location: Oakland, CA
...
Rich Hupper
Death and mortgages
I am currently investigating a property headed to foreclosure. Two mortgages are in default because the owner overdosed back in 2015. I checked the death certificate and registry of deeds. The property is in the deced...