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The state has a ton of unsold tax sale properties that have an expired redemption period. Is it not worth trying to profit from these properties held by the state? Once you become the new tax deed owner, how soon w...
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This is my first project. If I build a house, pre-sell it when almost done, then actually sell it when done, do I have to pay social security taxes on the profit? I know as a short term gain I would have to pay inco...
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Hi All - my new tax accountant is recommending that all future rehab jobs have a line-by-line itemized estimate for her purposes. I ran this by both my mentor and one of my contractors and they pushed back saying tha...
Q: If the property is In pre-foreclosure is it a short sale?(Agent & Investor)
A: Not necessarily in order for a short sale, seller needs to owe more than the property is worth and HAVE A FINANCIAL HARDSHIP.
Q:D...
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View reportSo here's the deal: The house next to mine is about to go up of for auction. The note owed is 132k, the min ask is 135k. Personally, I want it if only to control who moves in. THAT said, I have trouble beli...
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I am just starting out as a Real Estate Agent, and am looking for knowledge management tools. Whether it is lead generation, CRM, or any other resources, what are the favorite tools in your digital toolbox?
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Looking for options. (1) Not put good money after bad. Shall I sell the house, and take the loss on my tax return, (2) restore and sell but with a declining housing market does it make sense, (3) Zillow estimate preda...
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I am new to the community, and I have question about a deal on a multi-family property of 16 units. If the agreed price on the property is less than 80% market value, would a lender give you the 80% with no money down...
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Thank you for your response .
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I'm looking at a few 3/4 flat's in West Lawn/Chicago Lawn area. The numbers for this area look to good to be true. My primary concern with the area is - would I be able to find good tenants?