Steve Candor
Confused on previous ownership - What is going on?
Currently Listed for $105k2003 TOM HILL purchased from HUD for $65k2004 MIKE HILL purchased from TOM for $33K2010 TOM HILL purchased from MIKE for $0.Tom selling the property for $105k now. What is going on here?
Raza Rizvi
Selling a property and confused with capital gains
Hello fellow investors. I had a question. I am selling an investment property and wanted to understand capital gains correctly. When I purchased the property I put down 25% downpayment of my own money + closing costs....
Debra N.
Confused on Contracts process for wholesale - help please
I have two contracts for wholesale and want to understand the process1. Assignment 2. Purchase option agreementIs this correct - I get the assignment signed by property owner when we agree on price then I use the prop...
Brandon Handel
Confused with discrimination laws. Please help. Thank you.
Hey guys, I need some help trying to work around the discrimination laws. I recently had someone ask me if we accept people disabilities. I replied "of course. as long as they meet our min qualifications, we accept an...
Leah Fisch
What is my attorney telling me? LLC Confusion
I hired an attorney to file a 50/50 partnership LLC for my new rental property.I clearly asked for the LLC to be a 50/50 partnership and provided all the necessary information. I received the initial filing documents ...
Ed Dunbar
Advice on next steps in a confusing situation
Hello! I generally get good feedback on here and this is a situation that is a bit odd so I figure this is the spot for it. Got our first investment house under contract! Did a really low ball offer, had the owners co...
Christopher Hall
I'm confused on how to value a MHP
Most MHP I see for sale have 60, 70, 80% MHP owned homes. The sellers show the NOI for the lot rents + rents on the mobile homes, and then CAP that at 10-15% and put it up for sale.Isn't the proper way to value these...
Jeff Ashachik
A little confused about this purchase agreement contract
So I downloaded a purchase agreement from the BiggerPockets File Place but I have a question about the pricing section, this is what it looks like:SALE PRICE: $_______SUBJECT TO: ______ $_______EQUITY:...
Nick Gallon Martin
Confused about deductibility of interest on tax return
I bought vacant land, built a spec home and sold it to an end user. I know that interest on the acquisition loan can be included in the cost basis since it’s inventory. But what about the interest on a cash out refina...
Troy Hebert
Confused About the Validity of RE Investing - Need Help
I do apologize for the long post here, but there’s a lot to get out here.I’m posting in hopes of getting real data and information from folks before making the plunge into my first RE deal. I need a mental adjustment ...