My HOA restricts from renting the home until one year has passed in ownership. I understand there are two strategies to subvert the HOAs rule: Transfer ownership with sellers mortgage on the property OR create a new L...
Hi all,I'm starting to work with a broker on a potential deal at $80k, and from reviewing his "Buyer Agreement", I believe I would be on the hook for $1500 as a buyer:(a)If the property is listed with a real estate co...
Hi everyone,
Wife and I just closed on our second property here in the west valley area of Phoenix. Yes the rates are high, but we can still afford this home (450k) with our little salaries. We gave 25% down.
We ar...
I have a self-directed IRA with about $120,000 in it. Unfortunately I also have about 110-130 thousand dollars worth of unsecured debt via credit cards. Just wondering what the tax implications would be if I use the w...
My friend got a conventional loan and bought out the PMI at like 2% charge. Is this worth doing instead of paying PMI in your monthly PITI? Do you save money in the long run? I guess it would help on cash flow for a...
Why someone buy a debt to the Condominium in auction, there were an auction that 3rd 3rd Party Bidder bought a debt of (Final Judgment Amount) 6000$.
Auction Type: FORECLOSURE
Case #: CACE-11-005183
Final Judgment...
Seeking input from the SubTo community. My friend is selling her house with an agent and moving because she wants to live in a free-and-clear house she inherited out of state. I would like to buy/control that asset, b...
Hi,
I’m looking for some advice on potential strategies with an existing long-term rental property that I have in Austin, TX. I purchased this property 5 years ago as my primary residence and have since turned it int...
So I recently learned that some states don't have any income tax. Which made me look up Wyoming and if they were taxed on rental income. While looking I came across something called a dynasty trust it said you could...
I took out some equity on one of my investment properties in 2015 and I am going to use it to put a down payment on another investment property in 2016. Can I do a 1031 exchange for this transaction and, if so, do I s...