Newbie question!If I buy a MF home as an owner occupant with an FHA loan, then plan to turn around and rent all units out (after a given period of time), will I be unable to secure an FHA loan for my next property? Is...
Great Saturday everyone!
I have a seller that have small loan took out last year at 6.5% and I'm trying to buy the property "subject to" and remained balance give him in cash. I haven't done this before an...
Hello,This is the first year where I have to issue 1099s to contractors as we fixed up a couple of properties in Indianapolis. I have received the W-9 forms from both contractors that we used. As I'm filling out the 1...
Hi everyone, Under contract to purchase an REO property and it was discovered there's an old mortgage from 1997 which was assigned in 2000 to IMC Company Co, Tampa FL.IMC Company Co is no longer in business and from t...
Hi All,
Can ya recommend a good book to learn about investing in performing and non-performing notes?
Thanks in Advance,
Danny Cruz
Hello everyone, I hope you are well.
Quick snapshot of situation
I was fortunate enough to find a deal in the south florida market (Fort Lauderdale) where the sellers were looking to retire but were house rich/cash ...
Hi All,I am learning about owner financing and one of the question I have right now is "how does the tax reduction works in the owner financing". A normal mortgage company mails a IRS Form 1098 on the interest we pay....
I've got a long term tenant lined up & the unit is a non smoking unit, which the applicant is aware & fine with for indoor. He disclosed that he has a medical marijuana card but would only smoke outside. Some ...
I read that landlords are exempted from issuing 1099s to contractors and laborers. Does that apply to buy and hold rehabbers as well?
I am self managing a SFH in St. Paul, Minnesota. The tenants are boyfriend/girlfriend and under a 12 month lease that started July 1st and so far have been all star tenants. They pay on time, they notify when things...