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...
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 ...
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...
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...
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 ...
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...
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...
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...
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...