Justin Witt
Quit claiming Deed to LLC
Closing on another duplex soon and would like to know how long you guys wait after closing to quit-claim the deed to an LLC?
Also, do you guys have the mortgage company ACH the mortgage payment from the LLC's bank ac...
Ryan Russell
First attempt at selling a property using a wrap mortgage
I'd love to get some feedback on the deal I'm currently trying to put together.
I recently purchased a property for $70,000. I immediately listed it for sale at $99,900. I received an offer 5 days after I purchase...
Eddie Gonzalez
How to evaluate a fully operating business for sale?
Restaurant & Hookah place on the works to putting under contract. I have a list of potential buyers but they want to know the liquids, cash flow and a run down of numbers. I’ve never done it before so looking for ...
Corey Scott
Making a Contract Legal in FL
So I have read you must give a deposit in Florida to make a contract legally binding. Is this true and if so does anyone know the minimum amount?
Sandy Uhlmann
How do I figure out who to send a QWR to?
I purchased a note that had a UPB that was near $100,000 on the tape. When all said and done and boarded with a servicer the UPB was recorded as about 3/4 of that number. The borrower admittted to owing the higher...
Sarah Albright
Bad cost basis -- fixable years after purchase?
Please, I have a problem that may be better understood by expert landlords. I used my purchase price on a multiunit residential property, minus land value, for the cost basis of my rental property. However the purchas...
Keith Behney
Auction.com Palm Beach County properties
Greetings, I was wondering if anyone could explain how auction.com property sales are successfully conducted in Palm Beach County?All the properties I look at have a this written on them: "THE FORECLOSURE SALE FOR THI...
Nick M.
Would I have to pay taxes on selling the property?
Hi All,
Hope this note finds you healthy.
I'm selling a property which at the surface would make it seem that I am making a profit. However, after taking into account closing costs (from purchase and then sale), Ca...
Kai Soremekun
Elderly Woman Being Foreclosed On
I found a property that is scheduled to go up for auction on Tuesday 11/22/22. Looks like it has been postponed once.
The house is paid off. It was last sold in the 80s for 172k.
BUT an equity loan was taken out on...
Elisha Cram
Vacation rentals and taxes
My husband and I bought his grandmother’s house last year and have fixed it up. We decided to use it as a vacation rental to offset the costs of owning and maintaining it. Our fIrst guests since the remodel are stayin...