Clint Coneley
No money, but I can make it if i work out of town and miss my family life?
I'm trying to get my first flip going but family and friends that have money are unsure about going in with me. I don't blame them because it would be tough for me to give someone tens of thousands of dollars too. Now...
Igor Balakhnin
Do you pay capitol gains tax on owner occupied duplex at sale?
Hi,as far i was aware this whole time when you owner occupy your duplex one side and rent the other for 2yrs and you sell it within 5yr period there is no capitol gains tax. Is that statement true? I'm getting a lot o...
Justin Hennig
Are their long term loans available for companies (15-30yr)
Just getting my REI business launched and one of the goals is to acquire Buy/Hold property under our LLC (We want the property deeds under our LLC name for personal asset protection)
We have sources of short ...
Yuko Tanaka
St. Louis Fourplex -- Too Good to Be True? Deal Analysis Help!
I've found a property with numbers so good that I'm wondering if I've analyzed the deal incorrectly. I'm a newbie and would really appreciate the feedback! Here's the property: The St. Louis Fourplex (I'm not ready to...
Jose T.
Bidding on Second Mortgage at Auction in 2 days, big questions
I'm interested in bidding for a home at auction. There are two mortgages on the same property going to auction within 3 weeks of each other. The first mortgage that is going to auction is a secondary mortgage. If I ...
Matt B.
No heat and water in rental property
Hi All,I own a rental property in a condo development in NYC. One unit a few condos away is vacant (owner was foreclosed on). There is not heat in that unit and the water pipes keep breaking. As a result, they had to ...
Traci Pickett
Lease Option Wholesaling - Sellers Asking Price is High
I have a potential lease option wholesale deal in the works. This would be my first deal. I have a question about the sales price that the seller is asking for. The seller wants $100K for the property, but the comps d...
Aaron Corleone
Triplex Without Seperate Utilities
Hello everyone!
Just found this website and look forward to being a part of this community. I'm newer to this so I have a lot to learn!
I just bought a triplex. The only issue with it is it doesn't yet ...
Account Closed
The legalities of Wholesaling
I want to start by saying: WHOLESALING IS NOT ILLEGAL. Wholesaling is buying a property at a discount and selling it to an investor or anyone who isn't the end user. I'll address a few common questions and misconcepti...
Andrew Pappas
Seller financing with no equity and current mortgage
Hello, I have a specific question and haven't been able to find the answer.I have a very motivated seller who owes about $126,000 on his house, which is also what it's worth. He is willing to repair the property and ...