Greg Scott
HUD offers more protections for criminals trying to rent
In a letter this week Marcia Fudge, Secretary of HUD, indicated that she intends to "reduce barriers to housing among those people with a criminal record". See here for full details. https://www.hud.gov/sites/dfil.....
Account Closed
"Reasonable steps"... a liability in verifying investor accreditation status?
Hey everyone. For the issuer of a security to a group of accredited investors, what exactly qualifies as 'reasonable steps' in verifying an investor's 'accreditation' status? Can the issuer for instance be held liable...
Tom W.
Applicant has existing mortgage, Reason for denial?
I have a applicant who makes good money, owned home for past 15 years with existing mortgage. Supposedly in process of selling home, but its not listed and when I ask for documentation to show its for sale or under co...
Andre Pennix
Opportunity zones investing
How do the gains made by opportunity funds get taxed? Do they also have major incentives tied to the gains you claim for having invested in them?
Gary Barella
Dissolve company and re-create another or transfer to Wife?
I created a company a few months back but I haven’t made any deposits in it (doesn’t even have a bank account). I realize now I want it in my wife’s name. Is it cheaper to dissolve the company and re-create another on...
Chad Brady
You can cashflow too much
Investment Info:
Single-family residence buy & hold investment in New Braunfels.
Purchase price: $189,000
Cash invested: $47,250
This was my second rental investment.
What made you inte...
Juan Martinez
Wife Needs to Sell but Husband changes his mind.
I have been cold calling absentee owners, and have come across an older couple who need to sell desperately. They can no longer keep up with the repairs, and the roof has a huge leak, they are falling behind on taxes ...
Kenny Rains
Is This Version of House-Hacking Viable?
I am looking to purchase a multi-family home in Q1 2018. One strategy to accomplish this goal is to purchase a duplex along with my parents. The duplex would not be an investment property for them as they would use on...
Darren Jordan
Who files the taxes?
Hello BP,If anyone can answer the question to this scenario I'd appreciate it! I don't believe it is too complicated but scoured the web for awhile with no luck answering my question.The scenario:A family member (fath...
Bob Olah
Buying/taking control of property?
Hello guys, I need a little input here, I would like to take control of a property (buy) that is a rental for a older family member, the mortgage is more than it is worth. My older family member DOES NOT write off t...