Rob Stinogle
Incorporating to deduct rental losses
Last year I filed my taxes as single, and owned a rental that returned a loss. I was able to deduct the losses on my taxes.This year, I am married. The same property once again has a loss. If we file jointly, it seems...
Account Closed
Private money structure
I have been listening to some of the podcasts, and I've stumbled upon this financing option through private lenders. I want to know if I understand this correct so please chime in if either I'm correct or if I'm missi...
Michael Lauther
How do Lenders value SFH in foreclosure ?
What sources do Banks and other lenders use when assessing the value of real estate in foreclosure. Is there a some index they apply to value distressed real estate?
Robert Youngquist
Private lending structure
I have a family memeber willing to commit up to 200k for private lending. They do not want involved just to make more return on the $. I'm sure I need a lawyer to structure the contract but how exactly does this work...
Chantel Corbett
Buying from a wholesaler- contract & fines/taxes
Evaluating a deal from a local wholesaler I need opinions and any experience on this type of situation with back taxes and accruing fines is much appreciated!
1 acre property with 1930 condemned home with asbestos si...
Stacy Kodani
Continue to rehab property or cut my losses
I recently purchased a property in Northeast Kansas City. Up to this point, accrued costs are approximately at $9,000.00 (purchase, closing, back taxes, liens, etc.). The home requires a major rehab. Costs will li...
Marcell L.
Putting Together Seller Financing Deal - No Interest
Hi All -I am in talks with a FSBO on the possibility of doing seller financing. Because of religious reasons, he cannot accept interest. In order to overcome this challenge, I was thinking of offering more for the pr...
Robert Allen Lin
Newly licensed, looking for a brokerage with resi/commercial
Hi,Currently looking for a brokerage that offers both residential and commercial exposure. A couple have reached out, and planning to meet with Keller Williams, Remax, and City insight houston. Also open to other sugg...
Nils-Erik Frantzell
Time preparing soon-to-be rental property counts as personal use?
I purchased a new home for use as a new primary residence in January 2016. I moved out of the old primary residence on the 13th and converted it to a rental property by signing tenants 8 days later. I spent these 8 da...
Bo Kim
HELOC on primary - Andrews Federal CU
Hi all,I am looking to get a HELOC on my primary to expand my rental portfolio and I came across Andrews Federal Credit Union with the following terms (property is in CA):The contact said they can go as high as 100% L...