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I'm representing a seller who just remodeled a property. He purchased it in Dec. 2016 but the deed wasn't recorded until about 30 days later.The underwriter wants us to rewrite the contract with a new date, get a sec...
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Hi All,I'm working my way through "The Book on Flipping Houses" by J Scott, and am currently working to identify a prospective farming area.When trying to gauge whether there are buyers in an area, J suggests that at ...
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Hello everyone,
I’m very new and trying to learn as much as I can. Please go easy on any dumb questions I may ask.
I am closing on a property in a couple weeks that will net me about $12k once it is rehabbed and so...
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I just got a title search for a house I am interested in at our next sherrif's sale. The house has a second mortgage. I heard that is not a problem. What exactly am I looking for in these title searches? Novice qu...
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Has anyone every bought a property with a bail bond lien? I found a property where the owner has a vacant house. I approached her about selling and she's very interested but my title research shows a Bail Bond Lien ...
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Greetings! I am trying to build up a rental investment business in KC to provide passive income to eventually replace my primary income. I need some strategic and tax advice.
Here is the Background:
I own a 4 bedro...
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I am in desperate need of good advice. I got under contract on a new house back in early February to close April 1st. My current home (live-in flip) went on the market last week. Illinois has just ordered "shelter-in-...
Hello,
We recently had a family friend lose their home to foreclosure. It comes out they didnt make the mortgage payment for the last 7 months and now they're out of the house. They have reached out to me and asked i...
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Hello BP community. Are there any real estate tax benefits for W2 high income earners (over $250k)? I’ve read several books/posts/blogs on tax benefits for RE investors, and even contacted a couple of CPAs who are act...
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Hi All.
A little background. I am a buy and hold investor. I did buy a single fam, fixed it up, and sold it for a profit. Then I bought my first rental property off MLS; a 3 fam in Dorchester. I have recently learne...