Grant Smith
Tax write-offs early on, and before a first property
Hi all,I'm taking action to flip my first property this year. And, I also intend to wholesale - both as a means of building up capital which will then be used towards buy and hold properties. With that I have already ...
Patricia Mangham
Anyone used quitclaim deed for closing on REO in Connecticut?
I've done regular wholesale deals but haven't done REOs yet. I have few REOs I'm about to make offers on however banks does not accept assignment. Besides double closing, has anyone had any experience on doing this ...
Harvey Yergin IV
Private Money Mechanics
Background: I'm new to private money as an investor and want to make sure I understand the mechanics so I can build reliable models. Here's an example deal:I purchase a property for $235,000 and expect $50,000 in repa...
Julieanne Zenz
Changing tax status to a Real Estate Proffesional
Can anyone please clarify this- I have read and heard multiple times that if you spend more than half your work hours in RE you may classify yourself as an RE proffesional. Of course, the benefit of this is to be abl...
James Krywin
Deciding if it will be a good investment to rent out or sell existing house
Hi All,I am in the process of moving and am at a cross-roads. I need to determine where I should sell or rent out my house. To do so, I am need to understand what is considered the "breakeven" and "target" % of rent v...
N/A N/A
Roth IRA for Investing
I read a brief article that you can use your roth ira to buy property and after the sale you can put that back in your roth and let it grow tax free. Can one tell me how this is done?
Darren Gillespie
Re-Listing Property for Sale while it is being refinanced
Seeking some advise here. I am in the middle of refinancing my home into a conventional loan so that I can pay my private lender. While I wait for the refinance to complete (the next 3-4 weeks) I want to put my house ...
Braden Hobbs
Tenant is not paying utility bills
Hey all,We have a property in Greeley, CO and found out the tenant has not paid their utilities for the past 3 months and gas will be shut off today if they don't pay at least half of the bill today.This is our first ...
Andre M.
Buying a lot in Gatlinburg...concerns? and how much does it cost
Hello
I think I want to buy a lot in Gatlinburg and considering building in the next 2 years. How expensive is this? It is really tough trying to buy a finished product from where I am, because good properties fly o...
Kelly Davis
Why foreclosure? Why not sell? Especially in this market?
We recently attended our first courthouse foreclosure auction in Gwinnett County. We saw 4 houses come up for auction while we were there. All 4 houses sold for ridiculous prices. So we're sitting there thinking, w...