I have good income and great credit. My potential partner has cash but bad credit due to a recent short sale. We want to purchase an apartment building together. The property will be professionally managed. How ca...

How do we know that we Qualify for a Short Sale?

I own a property that I bought for 40k, and will now sell for 110k. I would like to sell it this year.My income this year was 38k. According to tax law that I've read online, this puts me in the 0% capital gains tax b...

I recently purchased a primary resident home and using it as an Airbnb. If I sell the home and purchase an Airbnb, can I do a 1031 exchange?

Does anyone know if you have to pay documentary stamps on properties that you take "subject to" existing liens?

My attorney is advising me that I must pay doc stamps on the amount owed on the existing mortgages if a ...

Hey all,I'm looking into assuming the mortgage on my sisters house and am struggling to figure out how to finance the equity that I would have to come up with to make the deal work. Some details on the deal below:Mort...

The Deal:  A friend, whom I consider to me my mentor for the past 12 years, is looking to sell off his 3 apartment buildings (2-4 unit and 1-7 unit).  He currently owns them outright and built and has self managed the...

hi -- i've got a rental property I purchased this year -- I know for depreciation I have to pull out the land value -- is there any set way of doing that? can I just estimate about 20% of the purchase price?

I've recently taken the in-class portion of the requirements to become a Real Estate Broker here in Illinois; I was literally in class the week the World quarantined. I've been writing and re-writing my strategy for o...

Hey, we've won a foreclosure auction bid for a single family in CT, appraised at 200k The winning bid was only 57k, with 18k outstanding tax/ water/sewer lien. the property needs some work,rough estimate of 25k, so de...