Robert M.
Parents loaned me down payment for duplex, I sold it, now who pays capital gains?
In 2016 my parents loaned me the down payment for a rental property ($150k toward a $600k duplex in a midsize East Coast city). There were no formal terms or expectations - it was just "here's the money, don't be dumb...
Jessica Martin
Wholesaling/Bird dogging. Legal vs Illegal?
As I'm studying for me RE license, I'm paying close attention to the definitions/reasons for needing a RE license (Or not needing one). Wholesaling does seem to check out so far because, technically, you are not selli...
Michael Guzik
Wholesaling in unethical... why or why not?
Hi guys I was thinking about this today and just wanted to ask this question and see what your opinion on the matter is. Many people in and out of real estate frown upon wholesaling. There are so many negative stigma...
Michael Nieves
I need advice with a partnership disagreement
To sum things up, I partnered with two Real Estate Agents I met through Redfin on a rehab. The deal was for me to put up the money for the home purchase and they fund the rehab costs. I'm inexperienced, the home is un...
Zack Phoenix
Realtor questions as a new agent
Hello all,
I have a couple of questions regarding realty that I have been getting conflicting information on from my broker and various other agents and haven't been able to find much help online, so maybe someone he...
Charlotte Farrell
GA LLC owns property in FL
We live in GA and have a GA llc for a LTR we own there. We recently purchased a STR in FL and deeded in name of GA Llc.Should we have a separate FL based llc for the FL home? Slowly discovering FL has some convoluted ...
Bernard Weingarten
concern about breach of privacy
I recently bid on a foreclosure in my small city in CA. For weeks nobody bid on it, as if it was under the radar. The bank and I went a few rounds, and finally reached a verbal agreement on a number. So one Friday aft...
Scott W.
Idea for screening tenants
Thought of this last night...sure it's nothing new:
Before you sign a tenant, visit their current place of residence & speak to the neighbors. "Was the occupants loud? Any trouble caused? Was the grass ever too h...
Shantal Lawrence
New house, basement flooded!!!
hi everyone. So my husband and I just bought a house. We just moved in on Sunday. Today there's heavy rain and as a result the basement is flooded! This was not in our disclosure, there's been lots of heavy rainfall f...
Nolan Chandler
Offer to purchase and assignment contracts
Hello, all,I had an initial consultation with a real estate attorney in North Carolina about wholesaling, and he gave me a 99% on issues discussed, but was going to do some research to get back to me if he thought it ...