Terry Lao
To sell or not > greater than 10 year cashflow plus principal pay
I have developed an two part equation to help decide to sell or not. Please comment.1. Is net sales price greater than 10 years net cashflow and principal equity payments? For example, net cashflow of $500 per month a...
Igor Messano
Should I exchange or take the hit now?
Hi everyone,
I have a complex decision I am trying to wrap my head around. I am selling two SFH set to settle in Jan and am trying to decide if 1031 exchange is the best option. My main goal is to have funds for a de...
Austin Guzman
How do I work with a partner in a deal?
I have an interest in buying property in the Sacramento area. Many of the friends I have are looking to invest money into a deal with me, which would be helpful to increase my opportunity and start looking at multi fa...
Robert E.
Property bought at Foreclosure - How do I wipe out Tax Lien ?
Hello BP community!
I'm looking at a foreclosure property in IL. Mortgage lender is the foreclosing party. Judgment of foreclosure already ordered by the court. Sheriff's Sale scheduled for May.
Separate to all of t...
Paul Jump
Long game: buying all the shares in a coop over time
I have the opportunity to purchase 2 adjacent one-bedroom apartments in an iconic New York City building. The building is a 6-stories, consisting of 24-units one-bedroom units and is organized as a coop—so essentially...
Michael Letts
Real Estate Agent Commission TN
Hello,
First time poster, long time reader! I’m in negotiations on a home in Tennessee and found the home on my own and without an agent. As I am now in negotiations I offered, what I assumed, was a standard offer of...
Katie Pellegrin
Can I rent from myself and refiance?
I am in a situation where it would be easier and faster to rent from myself. Now my only concern is being able to refi down the road.
Jered Collins
Just went under contract (Review Deal & Tax Question)
Just went under contract today on a house in Richmond, Va. It's located in the South Richmond District of Richmond, Va. To the facts...4 BR 3 Full Bath2,497 Sq FtTwo story brick traditional Contract Price = $70,000R...
Greg K.
Power of Attorney vs. Temporary Conservator for Preempting a Sale
The situation I describe here of course can and will be handled by a qualified attorney. However I want to understand all of the options and steps myself, even if an attorney will ultimately handle things.Please forg...
Sean Stewart
2nd lien bank foreclosure - excess funds go to 1st lien?
Scenario: 2nd lien bank foreclosure auction ~ $50k judgement/fee/interests. Winning Bid at auction $100k. 1st lien owed $150k (not in foreclosure yet)
My question: Does any winning bid over the 2nd lien credit b...