Noelle Flores-Smith
Family house up for auction
My family neglected their family home for years and now it is up for auction in a few days. The bank wants a hefty amount for the home and the home needs major major fixing. Homes in the area are going for 300k over t...
John Schnyderite
Large Downpayment make sense
This is going to be a long one, so prepare yourself =)
My fiancee and I have been house hunting for a personal residence for a few months now. I own a home since '09 that is underwater (stand to lose 18K or...
Ole Midtbo
We're selling: will buyers be able to get a mortgage with lien?
Hi, My wife and I are in the process of selling our house in Delray Beach, Florida. We bought it back in 2015 without knowing that there was an un-permitted addition where the carport had been turned into another bedr...
Raza Rizvi
Opportunity fund & zones. New 2017 tax law
Hello fellow investors,
Can anyone please clarify if a single family or 2 family rental home can qualify as a business property if it is in an opportunity zone & I plan to substantially upgrade it per OZ requirem...
Brad Jacobson
Minimum Spread on a Flip
What’s the minimum spread you look for when choosing to flip or not flip a property? Here’s my current situation that I would love some feedback on:Purchase opportunity: $260kEst. Rehab: $30k (cosmetic throughout, bat...
Jose Mendoza
Lease-purchase rental property to a family member
I am trying to understand how capital gains would work on the following scenario. I have a rental property that I would try to do a lease-purchase deal for a family member. They will sell their home and parents home a...
Allen Bo
Incorrect measurement of property lot in County records
I started the remodel process with a GC of the property I own and the first thing they did was to measure the property lot.It turned out that the county record has 6-ft less width for the lot than the actual length th...
Brad Milligan
I will have $2M in Cash best way to get 9-10%
I am looking at selling 2 multifamily complexes (22 units and 6 units) Im looking for a multifamily syndication with an A share and B share setup. Where the A share is paid a preferred % of 9-10% monthly. Since t...
Shahad Choudhury
What are the tax conciquences of house hacking?
Hello,
I've been reading a lot about the taxes involved with house hacking a SFH, but the main thing I can't figure out is what is normal/expected by the IRS for calculating the percentage of the house that shared ...
Jameson Sullivan
Washington State - Increase to RE Excise Tax
I am under the impression this passed the House Finance Committee as well. Anyone have further details or understand what they next step is? This should be fought against. All this does is increase face pricing on an ...