This is my first foreclosure deal and I need some help with. What steps do I need to do to acquire the property subject to and/or any ideas?
This property will be foreclosed on 29th of this November, this mon...
I'm looking at a property from FannyMae that just hit the market. However, it's tagged with their "FirstLook", which means they only accept offer from OOs and "buyers using public funds" for the first two weeks.
My q...
Hello. I would like to pose a question relating to the tax treatment of Loans made though any of the leading Real Estate Crowdfunding Portals that go into Default.Many of the CF sites may reasonably be expected to ev...
For Example:
Purchase a $50,000 home spend $20,000 in rehab. Sell for $100,000
That results in a net gain of $30,000 of taxable income.
Would I be able to perform a 1031 exchange and buy a $30,000 rental home fre...
Hi BP,I'm in the process of buying a property and have been inform by the lawyer that there is a zoning issue with the property. I have a property under contract that was listed as a 3 flat with a non conforming unit...
I am about to start a rehab on a duplex I own. I am wondering if I should hire one person/company to do the entire job, or hire out someone separate for each thing. In the past I did the work myself and this will be t...
I am using my SD IRA and need to create a Promissory Note secured against Real Estate. Does anyone have any resources or examples of such a note for Texas? The custodian also ask for a Mortgage, HUD/Settlement State...
Hello all, I am in the midst of needing to interview contractors, and I am debating if I should provide a list of things that need to get done, or if I should just give them the Home Inspection Report. My thought pr...
This is really two questions.1. How to best track costs of a project and compare with budget (what process/software do you use). I think Quickbooks calls this "job costing":I get a bunch of receipts then need to someh...
Long story short on June 22, 2016 I finally closed on my first multi-unit property in South EastD.C. for my fellow Washingtonians it's in ward 8 near the st. elizabeth's campus. It was a very long process and I learne...