Matt Swearingen
What to do with Grandma's property, ideas please.
My grandmother passed away recently. She had a reverse mortgage with a current payoff balance of $150K. The house is in near-perfect condition (Grandpa maintained it well until he passed). I haven't gotten a BPO or...
Eric Bailyn
Gifting Single Family Residence to Son: Any tax implications?
Hi Everyone!
My mother would like to gift her $850K house (100% owned; no loan) to my wife & me. At the same time, my wife & I would sell our $1.5M house ($1.4M is equity), and use the proceeds to 1) transfer...
Ganesh S.
Attorney taking us for a ride?
Hi folks,
We had a tenant who was back on his rent during the 2009-2011 economic downturn. We had them evicted, with a payment plan for rent owed. To cut a long story short, our attorney (to our surprise) pe...
David C.
California Flippers: What do you think of AB968 (starting 7/1/2024)?
You will have to get permits and disclose your contractor ...AB 968 requires the seller of a singlefamily residential property to disclose work done on the property, if the seller obtained title of the property within...
Justin Michael Johnson
Starting a Partnership
Me and my lifelong best friend have decided to team up and tackle real estate investing together to make millions. We want to do it the right way the first time so we do not compromise our relationship and prevent any...
Jason Kinkle
Bank financing or other?
Hey all, new to the site. I have a handful of rentals mostly purchased with cash. I've been looking at buying a larger package that will require some leverage. Most banks are uninterested, including local, regional an...
Jay McCormick
Can the second foreclose before the first?
How does a foreclosure work if you have a first and second mortgage?
I live in Maryland and have a first for 750k and a second for 221k. I’m no longer able to make the mortgage payment because the co-borrower has w...
Account Closed
Dealing with violent/threatening tenant?
I have a very argumentative tenant that I need to get rid of. He leases a small industrial suite from me. He is constantly causing trouble, making threats, scaring the neighbors, making messes, and more. I have enough...
Samuel DeMass
Buying and selling a property without a Realtor?
I had a seller contact me, knowing that I buy rental houses. It's in an area I know well, and can probably work a deal that will work for both of us.How do we go about finalizing the transaction when we're done negot...
Adrian Smude
Best Strategy for contacting Trustee
When I drive for dollars I find a decent amount of properties in trusts. Most contain a person's name in the name of the trust and I just mail the letter addressed to that person. What are you doing with these finds...