I am a new investor and recently submitted a bid on a Property (REO),
it is listed for $300 and needs alot of work. My contact suggested I a bid of $270. I wanted to bid 70% or 80 % of the asking price . The prop...
Just spoke with a loan officer in the Florida panhandle. She explained there would be around $18,000 total in closing costs to purchase a 250k-300k home...approx $11,000 standard closing costs plus $7,900 in "discount...
I bought a house 2 years ago from a friend in Squamish, BC. for $490,000. 1100sq ft 3/1. Nice yard. He continued to live in it until we completed a nearby development project, which was just completed yesterday. He ...
I'm close to closing on a new construction home in Sacramento but just found out that because my most recent job is 1099, my lender has instructed me that I will need a portfolio lender as I'm considered 'self-employe...
Hey everyone! I’m a active new wholesaler never done a deal before. I’ve been marketing for a couple weeks gotta text from this guy who owns this home he’s selling this 90% move in ready 3/1 bath home (updated kitten ...
I am a wholesaler In the springfield MA area trying to figure out if a deal is worth it/ if anyone is going to buy the contract due to a lot of work on the property to get to ARV. It’s buy for 60k, 40k rehab costs, an...
My wife and I currently have 3 properties between us. Our primary residence and her original home are in NH. We have been renting her place to long term tenants for the last 7 years, she has owned it for 18 years. Our...
Hello everyone,I am seriously considering becoming a landlord, and recently I started looking at the "starter" properties nearby. Found a three-unit property with the asking price of $150k, property tax of about $7700...
So I have a friend in an interesting situation. She has a SFH, 4/2, large backyard, corner lot with a morgage of about $110k. The home need a lot of rehab inside, landscaping and fence repair. She will be moving in...
Hi,I am interested in my first investment property but I am trying to understand all tax pros/cons beforehand.Let’s say I get paid through a w2 and also 1099 (self employed) and I have to pay about 10k annually on tax...