Philip Johnson
Flipping but won't be done until next calendar year, tax advise?
Hi,My first post!I have a house that I am doing a full-time live-in flip on. I am complete rehabbing the front unit, and then adding on/converting garage into 2 bedroom house.Problem is, I won't be done until next ye...
Corbin Lane
Does Principal Reduction affect Capital Gains calculation?
During the 08 crisis I qualified for a HAMP loan mod that included a large principal reduction as my home was 50% below purchase price. I also had filed bankruptcy around the same time, and later found out that the le...
Account Closed
LLC vs. Umbrella Policy
Hello, I currently have 5 rental properties that are each mortgaged and in my own name that I'm considering an LLC or umbrella insurance policy for asset protection.
My lender is trying to determine if that would vio...
Arif Khan
Commercial note buying forms
I would appreciate help in locating note buying related documents, Note listing agreement, purchase agreement etc. ... I'm working with an investor/ 2nd lien holder to sell a note for a motel in California. Thanks,Arif
Will W.
Taxes for selling Note?
Hello and thanks ahead of time for any answers you can share!
I hold a first mortgage note on a single family home. When I go to sell it to a broker, do I have to pay taxes on the sale? The note is 3 years in...
Lyle McCartee
Is transferring an LLC from Texas to Colorado, possible?
Greetings colleagues,Last year, I created an LLC in Austin, Texas. I never really got anything off the ground there with it, because I had a bunch of "fires" to put out personally and professionally. Fast forward one ...
Dan Kaen
Help with a preforeclosure opportunity
Investor community - I've been deal hunting for several months now so far have come up empty, several offers in on properties found on the MLS with no luck. I have an opportunity to buy a house from an acquaintance. ...
Dave Holman
How to sell 10% of a property LLC?
A friend wants to buy 10% of my multi-unit property. How should I value a 10% stake? If market price were 100K and my equity was 50K (50K of financing) should I be looking for $10K or 5K? Thanks!
Christine Thygesen
Newbie investor - advice needed
I have had an offer from an investor (also an aquaintance) to buy half of my principal residence so that together we can turn it into a rental. It will be my first dabble into the real estate investment business, ...
Bill S.
Judgement questions
I am working with a seller who by self identification is in foreclosure. The county foreclosure website has no foreclosure for the property or for her. She has not received any of the direct mail that I would expect i...