Jenny Mader
National Sales VS Foreclosure Statistics?
I've been trying to to find the foreclosure sales statistics. Sure, we see that 300,000 homes were foreclosed one month, then 240,000 the next, and then 200,000 the next. And people jump for joy since the rate of fore...
Linda Hastings
Tax Implications of Discounted Notes
I'm trying to understand the tax implications of investing in discounted real estate notes. I've heard a couple of differing opinions about how to calculate what is taxable income, but I'm curious to hear from some CP...
Alexandra Scardo
Paying interest to my private lender
I have a person interested in lending me money for a flip but she’s never lended money and I have never borrowed from a private lender. I know this is basics but I really don’t know.So let’s say I borrow $10,000 for 5...
Hal Thompson
Anyone here have experience negotiating with Fannie Mae after foreclosure on a 2nd?
Does anyone here have experience negotiating with Fannie Mae after foreclosing on a second?There is a property that I want to take title to via an HOA foreclosure, and then pay off the first. Curious if anyone has eve...
Tom Mitchell
Implications of the new tax law
Wondering about the implications of the new tax law. First, since mortgage interest and property taxes now have limited deductibility, would it make more sense to incorporate, even in a pass thru, to retain that dedu...
Matthew Marshall
Loan management/Tracking
Hello BPer's,I am currently in the middle of a few big deals and wanted to see if anyone had any insight into this potential issue I can foresee.My issue is that tracking loans and accrued interest on a number of diff...
Michael Periu
Accounting for real estate property taxes
Good evening! These forums are great. I'm writing to ask about best practices or common approaches to accounting for property taxes.
Here the tax bill comes out in November of each year. If you pay in November you ge...
Sooyeon Kwon
Gov’t Incentives for first time home buyer?
Hello, a friend of mine just mentioned something about the government trying to give 25K for a first time home buyer. Is that true? Or are they trying to get that past? If so how soon do you think it will be implement...
Tony Castellucci
Investor contract template
Does anyone here have a private investor contract-template they could share?
Catherine Becker
Escrow Process--Is no commuincation from Escrow common?
I am in escrow on a home with multiple liens that nearly went into foreclosure. I have been in escrow since March 2020 and cannot get escrow to give me a final pay off. A few months ago they said our offer was short a...