Chris Howard
Need Advice on wrap around mortgage on townhouse in VA
I have a town house that has been for sale for about a year. No offers. I have another property where renter wants to buy this town house. He has been good payer. Says he has done a wrap around mortgage in the pas...
Mark Hawthorne
Long and short of my first rehab coments welcome
My First Rehab the long and Short of it
( feel free to just scroll down to the end !)
This house was my Girlfriends house and her son was living their during the first part of the rehab, so the going was very slow i...
Chris Stromdahl
RE lawyers, insight on prepping for the first meeting?
I am excited to be meeting with my real estate attorney this coming Monday for the first time.He was referred to me by a networking connection. My father in law is an attorney as well. We did some checking and verifie...
Mike Dawson
Dissolve LLC or change name?
Hi all. I have a Wyoming LLC I created to buy a specific property. I ultimately did not close. I want to use this LLC but I do not want to keep the name. It will still be doing real estate activities. I have a D&am...
Lahiru S Hettiarachchi Gamage
How to get the tax advantages against W2 income
Hello,I own 2 rental properties with a partner and also have a W2 job. My wife doesn't work but doesn't have a real estate agent license. She work on the rental properties in many ways. But her name is not on the prop...
Tom Parsons
Land contract sale of my primary residence
We built a house and just moved in to it. If i sell my former primary home on a land contract vs a traditional sale, am i still eligible for the gains exclusion?
Bill Baldwin
Existing Tenant Deposits When Purchasing
Question for the larger community - what is the convention on existing tenant security deposits when purchasing a turnkey rental property? Should they be passed to the buyer? Taken off total closing amount? Previous o...
Daniel Mcgonagle
Hiring Paid Lead Gen Service
Hi all, first post here. I've been approached by several lead gen gurus, and people offering actual services...
What's a standard fee or model successful WHOLESALERS are following?
Ad spend plus retainer?
Ad spend...
Al Turner
Subject-to and Homeowner Exemption Carryover
I am interested in a property near Chicago where the areas average property taxes are 5-7k, but, the current owners taxes are 1200$ bc of homeowner, senior exemption.
If you gain control of a property throu...
Danielle Russodivito
Fix & Flip
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $196,500
Cash invested: $20,000
Sale price: $285,000
Came in and paved the driveway, added gutters, retaining w...