Looking at this deal and wondering if long term it would be as profitable as I think, to BUILD a second multifamily on the excess land? So house selling for $1M in OK condition making it the 5th (of 20 total listed) m...
I own a home that has no mortgage and is currently vacant. My wife and I bought it as a foreclosure and we put quite a bit of work into it about 9 years ago. It's in pretty good shape, but it could use a little work (...
What up BiggerPocket crew, I am trying to find more information about wholesaling real estate as a new agent in the state of Oklahoma but struggling to find plenty of information to make sure I do it right and not los...
I have been tracking the foreclosure sales in my target county (Passaic County, NJ) and am seeing of those that are "open" (many are adjourned) most are being sold to the plaintiff for $100. I suppose this means the ...
So I have been approached by an investor with an opportunity to provide a private mortgage on a fix and flip. I've never done any PML but I do want to start. I'm trying to educate myself as quickly as possible. Her...
Hi all,
I am hoping someone can help me understand something regarding foreclosures. About a year ago, my sister and brother in-law just walked away from their house on Long Island, NY (Suffolk County). They, like ...
I would like to offer $380k for a house listed at 465k and just chatted with the listing agent. Basically, the listing agent agreed that the house's condition is not worth the listing price, but this house has a 380k...
I have noticed the banks are still bidding in some cases well below what was owed on the mortgage at the sheriff sale. If you were to go to the homeowner could you purchase the property for that lowered amount? Is the...
I need to understand what happens to the equity (for tax purposes) if I convert a single family home to a rental property. Would this convert at a current tax cost basis? For instance if I purchased a home for 125K ...
I am ready to start real estate investing and add to my portfolio of 2 SFHs. I have confirmed that I will be moving to the Durham area in 2017 and want to dive into that market (already done a lot of research).However...