Lee Ali
The Fallacy of the Necessity of Down Payment.
Banks have led a great many people to believe that the mortgage mess exists because too many loans were given at or around 100% LTV.
That is hogwash spread by banks because the...
Holli Phillips
Bought properties at a surplus sale and can't unload them
My husband and I decided to invest in some properties last summer from our county surplus sale. We had a "mentor" that got us into this and charged a fee for his guidance. The whole idea behind these were to buy the...
Eric B.
Lot line issue with potential deal
Well not quite sure I'm putting this in the right place. Please advise:Working on a deal that is a potential rehab and hold. Family home on a 4000 square foot lot that is only 40 feet deep. The house is sitting very...
Andy J.
Free Beer and Hotdog with Purchase
I’m buying a property in a couple weeks that was built in 1967 and occupied by the original owners ever since. They have since passed away and the heirs are selling the house. The catch is that the heirs (children...
Jonathan Ward
Selling property... Sister can't report sale to IRS this year.
Hi,My sister and I rent a property that's in a Revocable Trust. Our tenants have given notice and will be out by 5/1. Being an 87 yr old home, I would like to sell the property. She and her husband have been hit hard ...
Daniel Brown
MF Syndications...How do you stucture a deal on new construction?
I am currently located in a hot market right now (Nashville, TN), and there is a lot of new construction and development of large multifamily. Our business strategy is to find stable properties with value add compone...
Jap Path
PA : Quit claim deed to single-member LLC incur transfer tax?
Hi BP Community ,I have purchased a property in PA as individual ownership. I am looking to transfer it to an LLC through quit claim deed. My bank is OK as long as the owner of the LLC and and property match 100%.does...
Bradley Coleman
Rental Application: Include Application fee or not?
Good morning, I'm getting quite a lot of interested applicants. Which makes me wonder how to handle them all. Should I include an application fee? Seems somewhat mean to take 10 application fees and only award the pro...
Peter Mikhjian
Rental Property Sale + 6 Figure Capital Gain = Huge Tax Liability
I've got a good/bad tax problem and I'm looking for some advice:My wife and I bought a rental property in 2015 for $275k (no LLC, purchased directly in our name, so technically a partnership). We put about $25k into ...
Bienes Raices
HSBC, time to close
Has anyone bought an REO from HSBC? Did it take longer than normal from inspection period to close? Thanks.