If one were to make the amortization period for a seller carried loan something like 99 years with a 30-year balloon instead of making the interest payment below "market" would this be subject to imputed tax by the IR...
One of my Real Estate agents showed me an REO today. I checked the comps in the neighborhood within a half mile since January and they average $405,000. The bank is asking $371,500. They have it listed "as-is" but the...
An elderly couple with a profoundly disabled adult son and adult daughter )care-giver) are being harassed by the next door tenant. They've owned the home for nearly 20 years and don't have trouble with any other ne...
For of all thank you all for this great site that has made me so aware of the importance of doing things correctly. I particular I have (based upon the advice and input of others) created a Screening Criteria with sco...
Asking for a friend.
Rental property bought as husband-wife. Title: held together as a married couple. Now going through a divorce, wife wishes to do 1031 on her share (50-50). Since IRS rule is that tax id of proper...
Have 3 properties including personal house in California, adding a
cash purchase of a 8-plex in Youngstown, Ohio in a month. Since I
already have a small side business for 6 years, I was thinking it would
be a ...
Hello fellow BP friends! I am a new investor in Pittsburgh but work as a plumbing fixture rep as my full time career. As such I work with a lot of tradesmen. Throughout the years I've learned a lot about the buildi...
Hey guys,Long story short, I'm currently partnering with a friend of mine who has access to money but not a lot of time. I, on the other hand, have access to a lot of time but not enough money. I told him I wanted to ...
Meth Lab Concerns
My biggest concern these days is discovering a meth lab in an investment property.
The last time I checked, there is no insurance coverage to protect an investor from the costs and loss. It is my u...
I am getting started with BP and it seems like they have pushed the two books- "The Book On Real Estate Flipping" and "The Book On Estimating Rehabbing Costs" repeatedly. I find this interesting as it is the only mate...