Trevor Foster II
5 properties: 3 under loan , 2 paid off.
I have a deal I’ve been working through. 5 properties owned by 1 person. 3/5 properties are under a mortgage @ $136,000 is the payoff amount. $1039 per month 2/5 the owner wants $60,000 total for both and they’ll be f...
Joshua Robinson
Paid Cash for all deals Good or Bad?
Hi everyone, so here’s the story. I played in the NFL for 8 years. While playing I always said that when I retired I wanted 10 properties and no debt. I was afraid that if I allowed debt to pile up while playing, and ...
NA N.
Minimizing taxes paid on your Rehab/fliping business
Could anyone please suggest best ways to minimizing the amount of taxes you pay for properties you buy, rehab and flip for profit in a short couple of months period?
One scenario would be I use my own cash to buy and...
Armando Marquez
How To Get Started Getting Paid Finder's Fee's
I am new to real estate and I want to get into reality with getting paid finder's fee's. The problem is I don't know the 1st place to start who can trust me and who can I trust? Do I need a contract or need to neg...
Jeff Lee
Any Non-Closing Costs (if paid with cash)?
As a buyer, what costs would be incurred if I were to buy a piece of property with 100% cash? (I could finance, but I want to avoid closing costs, interest, etc..)
If I do purchase with cash, what costs will ...
Edita D.
Lender paid closing costs, qualifies for deduction/amortization?
Hey guys!
If you bought a rental and closing costs were paid by the SELLER/LENDER, can you still deduct/amortize the closing costs? (from HUD).
I know on a personal residence you can deduct the POINTS even if the sel...
Michael Evans
Was paid $15K to buy my first house
It was 1997 and my then wife and I learned she was pregnant. We were both college educated, making good money (I was 25 and she was 23), but we hadn't saved any money. 1997 was the middle of the 1989-2201 real estat...
Nathaniel Donnelly
Rental Property Paid Off - HEL to Buy Another?
All,
I am in San Diego and currently in a refi with the home I live in that will include paying off one of my rental properties. It would probably appraise at $240k to $250k and I am currently renting it out at $150...
Cal C.
Importance of a paid in advance Security Deposit
I use the security deposit (and the first month's rent) as a test case to see if the potential tenant will be able to pay rent on time. If they can't come up with a security deposit and 1st Month's rent prior to w...
Patricia Young
Lease signed, no deposit paid, didn't move in
Hello all,
This is my first post and this is our first rental. We signed a lease with a tenant. The agreement was that they would pay the security deposit and first month rent on the move in date and we would provide...