Mark Harris
Housing cycle's effect on learning.
Hi All,I'm currently extremely hesitant to enter the RE game after having heard "it's a seller's market" multiple times. As a learning investor focused on cash-flow, I'd like to know how you all feel the market cycle ...
Viviana Villegas
First Airbnb, need CPA and legal advice
I’m in Dallas, Texas and just started renting my first Airbnb rental, I need CPA or legal advice on whether we need to form a LLC now or wait until we have more properties. Will it benefit for us to have income comin...
Gaurav Malhotra
Depreciation Question for Commercial Real Estate
Hi, I am purchasing a commercial real estate (offices). here is the data:1. Cost: 1.1Mn2. Originally went into service in 1965 (55 years ago)3. Assessed land value if 70% and Building is 30% per the county4. Useful li...
Evan Gater
Does suggestion of bankruptcy always stop a foreclosure sale?
Hello,
I very often see "Suggestion of Bankruptcies" in foreclosure case dockets. While some are in good faith, it seems that some are intended to delay the sale as much as possible. Sometimes, there are multiple sug...
Nick Johnson
Mortgage Options for 600 FICO on 75% LTV purchase 8-12 properties
I am considering selling my duplex in SoCal and taking that money out of CA. I nearly break even on the rent/mortgage but if I am able to escape CA on a 1031, I could potentially be positive cash flowing in the $1500-...
Ryan Bird
Question on Seller's Disclosure regarding Material Defects
Have a question on something mentioned in sellers disclosure on the contract. In the disclosure section, sellers mentioned that “they are aware of leaks or material defects in the roofs, ceilings or chimney”. In the a...
James Breese
JV Partnership Out of State
I have a wholesaling LLC with a partner in Texas. We recently have been speaking with someone in Tennessee and are discussing partnering up on their wholesaling business (located in TN). Are we required or is it a sma...
Sean Dougherty
Junior lien payoff
Not sure I am posting this in correct forum.I am buyer in this situation:My seller just went through a divorce and husband is not cooperating. Both names on title. Wife now has court approved authority to sell without...
Jesse Watts
Looking to wholesale my moms rental property
My mother has a rental property that she let extended family stay in and they completely trashed the place and didn't pay for a number of months. My mother lives out of state and can not pay the necessary amount to ge...
Eric Bilderback
Fourplex FHA finance as a non occupant owner
I have a buddy who is looking to by an fourplex with an FHA loan I would be his realtor which is awesome. His mortgage guy told him that I could by this place with him on an FHA loan. I would have to apply for the lo...