Steven Mitchell
What exactly IS earnest money ?
So we recently tried selling a house. The day before closing, the buyers backed out. No reason was stated.We only got a quarter of their earnest money.I was under the impression the earnest money exists to protect t...
Melissa Man
Housing Market in Dallas
How is the housing market in little elm, Denton co. Is it on the rise or slowing down, like Plano and Frisco area. I just purchase a new build and it’s been a few months I’m the only one on my block. I’m definitel...
Ernie Espinoza
Renting my Owner occupied home while i live in the In-Law
I just purchased my first single family 3 bedroom house that came with a non-permitted detached in-law unit in the back, typical for Oakland Ca. I am planning on living in the in-law unit since I got an owner occupie...
Christopher Neal
Help with family owned property
Hi everyone, hope this is the right place to post this question. Basically I'm looking to see what options my mother has on a property that is owned between herself, my aunt , and my uncle. Here's the quick backstory ...
Tyler Frost
Partnering with a Real Estate Agent
Assuming things don't crash and burn in the coming months I am planning on partnering with a real estate agent on a couple of flips and I am a licensed contractor and I am trying to structure our partnership fairly. H...
Buddy Holmes
1031 Exchange to a DST Basis Calculation
I have some unimproved land North of metro Atlanta under contract again.This is planned to be a 1031 cash sale. I bought this property in 1968 so the basis is about 1% of the cash out. I had a mortgage way way back...
Lana Griffin
Seller Financing With Mortgage?
Hi, I found a nice duplex which I'm interested in purchasing. Problem is my husband and I are in process of obtaining a mortgage loan for another property right now and so our credit is tied up. I was wondering if it ...
George P.
IRS, Owner financing, and simple interest
Looks like the IRS dictates that the seller who sells on terms has to declare the minimum rate (I believe it varies but is around 3%). Which means that if you ask for and get a principal-only mortgage, the seller is g...
Edison Reis
Mortgage interest rate / tax deductible ? (Definition)
Greetings fellow investors,I am close to get into my first property and I am wondering about the following.We are all aware that the interest paid on the mortgage is tax deductible but ......A) Does the deduction rela...
MJ Meneley
What are my financing options for rehab costs?
Looking for some advice....I just bought a new rental property, as a 50% partner using cash. Need to finance the rehab costs - I tried to take out a HELOC on a different rental property that I have equity in. However,...