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'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...

Hello. I am interested in selling my rental property to the tenant that lives there. I would love to do this without an agent to save some money. Has anyone else done this before and can share their wisdom? How did th...

Is there a tax deduction/protection strategy for a 67 year old to hold a note on a capital gains tax? For instance will the seller pay less in taxes on the income he makes from 3k a month as opposed to a bulk payment ...

Hey there! My brother and I purchased a property in Akron recently on March 18th, through a portfolio sale. For this single-family home, we found out right before closing that this tenant was a section 8 tenant, so ju...

Hi all!
If I had a rental property with exactly zero cash flow at the end of the year (after paying for mortgage/escrow/insurance/maintenance/etc.), would some of my depreciation expense shield the funds that were us...

Good afternoon, and thanks in advance!I have been talking to a woman about selling her rundown house to me.  The ARV (given to me by a Realtor) is $25-28000 max.  From my conversation with the seller, we have calculat...