Plato Asadov
Deal analysis, I need your help
Hello All, I landed a single-family deal in Upton ma. The property is in great shape one of the best in town, no repair is needed, renovated in 2018. Valued at around 900K, trying to get it for 700K-750K by assuming a...
Beth Collingz
Philippine Property Ownership Laws - Non-Filipinos
Philippine Property Ownership
• Foreign Ownership of Philippine Real Estate & Assets
A Foreign National can only own Philippine Real Estate through the purchase of Condominium Units or Townhouses constituted un...
Braath Waate
Assigning 1031 basis in a subdivided property used as a home
25 years ago I bought an income producing farm with land and a house. I used a 1031 exchange from another business property to pay for it partially. I lived in the house.Skip ahead to today. I subdivided the house ...
JT Marlin
Trust deed investment - when can I claim a loss?
I invested in several trust deeds back in the 2005 -2006 time frame. Unfortunately, several of the trust deeds were ultimately foreclosed on. However, there is one trust deed loan that hasn't performed in years, but t...
Mark Lawson
Looking for a lease back investor
Does anyone know a good place to look to find some (need one) investors that would be interested in purchasing a foreclosure and lease it back to the owner on a lease purchase. The home can be purchased for $180k on s...
Johnny Hastings
Collecting from Ex-Tenants?
As a preface, I have a bunch of C class apartments. Occasionally someone leaves without paying their last month's rent, I evict someone, or some other situation arises where a tenant has moved out while still owing me...
Ben Bakhshi
How to protect assets in a recourse loan? Or is non-recourse best
We are deciding between several loan options in the ~75% LTV range.Non-recourse options are ~1% APR higher than full recourse.We are also leaning towards fully amortized 30 year options, as opposed to their 5 and 10 y...
Janelle Niles
Question(s) re. "Subject-to" purchasing of homes
Hello: I've read that one risk of buying properties "subject-to" is that the seller/mortgage holder may file for bankruptcy, and the home can then be foreclosed upon. However, if the buyer is paying the mortgag...
Account Closed
Detroit Bankrupt
My dad just sent me this link.
http://theextinctionprotocol.wordpress.com/2013/07/18/motor-city-goes-bust-largest-ever-municipal-bankruptcy-in-u-s-history/
What do you all think about the REI market in Detroit after...
Enyi Ajoku
Tenant Smoking Marijuana In Apartment
I have 3 young lads who are renting one of my apartments (a 2 unit multifamily) I will use names as Mr A, Mr B and Mr C. Mr A is signatory to the lease but on the lease is states that MR B and Mr C will also be livin...