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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...
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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 ...
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I just finished listening to Episode 278 with Charles Roberts. A topic that stuck out to me was the hard work portion. Charles puts in roughly 80-100 hours per week towards real estate investing. @Brandon Turner men...
This is strange, but we have some funny rules about AirBnB and living on the property, etc. We sold a townhome. We are looking for our replacement property for a 1031 exchange. If we have 300K to roll into a new prope...
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I have a 2nd lien that we are near foreclosure sale (in Florida). However, borrower hired attorney (not surprised) & attorney claims that since borrower received 1099 from lender in 2010 that lien was released. My...
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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...
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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...
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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 ...
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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...
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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...