Steve Babiak
reporter's "simple assumption" (subject to) sale goes awry
The biggest newspaper in Phila - The Inquirer - recently ran a story from a reporter who was having issues 14 years after he agreed to allow a buyer to acquire his property by a "simple assumption" of the mortgage; so...
Baron Wilson
Looking for help legally and professionally
Looking for attorney and tax advisor to help develop plan to address and resolve any outstanding tax debts. Also to navigate the legal aspects of purchasing a foreclosed home and resolving any tax relating issues. May...
Bernard Chouinard
Fidelity doesn't offer SD IRAs: Got Recommendations?
So I have an old 401K I'd like to convert to a SDIRA but Fidelity doesn't offer this. I'm in Central Massachusetts. Any recommendations on does out there?
Tina Liao
How To Lower The DTI Ratio...?
Hi guys, a family member of mine is trying to refinance his property with a commercial lender. I am just wondering what would happen to his DTI ratio if the lender refinances his property and does not report the new l...
Mike Steffen
Passive Investor - How to report on tax return?
One of my friend has business of flipping houses. He offered me to invest in his business on profit sharing. I will be just an investor and will get my money back with profit once he sells property after fixing it. Ho...
Micah Grant
Subject To attorney/title help
My wife and I purchased our first two investment properties in 2022 with traditional financing (and capital). However, I am working with another investor on a subject to deal (a 4 unit that I will take over payments a...
Lauro Torres
Fix and Flip Tax Question
Hey guys I fixed and flipped a house and made a profit. Are there any documents I should be gathering from the closing company and filing on my tax return? Or do I just report the amount of profit?
Sam Kahl
Checklist for Buying Tenant Occupied Properties
Hi everyone,
I'm working on a blog for What To Ask For When Buying A Tenant Occupied Property and here is the list I have so far. Am I missing anything?
Ask to see a copy of the lease and look for the length of leas...
Kishor Thope
Self directed IRA
Hello BP members,
Thinking of converting part of my IRA into self directed IRA.
Any do's & dont's?
Has anyone invested with iplangroup?
Thanks, Kishor Thope
Sean M.
Getting a current credit report before buying a Note
The to be unnamed credit reporting agency is giving me grief about pulling a credit report on a creditor for a note I don't own (which is fair enough I suppose). It's my first, so what is the usual practice? Am I be...