Jerry Daily
Buying another property to offset taxes
I currently own a rental property that profits at least 15K after all deductions. I also own a rental property in cash under an LLC that profits very little on paper. I also have a primary residence with nearly a JUMB...
Mark Garza
Being sued by tenants in Texas
Hello,Me and my wife own a condo in Texas. Our tenants moved out on May 31st, and left the place in bad condition. Dirty floors, dirty stove, etc. Before moving in last July, we asked them for a $900 deposit.We agreed...
Nick B.
2nd position note - is this a good deal or not?
Hello all,
A couple of days ago I saw a 2nd position note offered for sale with the following parameters:
Property FMV: $178000
Property location: Illinois
1st mortgage balance: $138000
2nd mortga...
Scott Trench
What’s Worse? Capital Call? Rescue Preferred Equity? Or Foreclosure
We are seeing more and more syndications and funds getting into trouble. And while years will have to pass before we can really understand the nuances of what leads to losses in each deal, and how to parse out what is...
Steve Christensen
Net Listing vs Wholesaling?
Can someone please explain the difference (if there is one) in a Net Listing vs wholesaling?My understanding of a Net Listing:Net Listing provision states that seller will receive a net amount of money (say 150k for t...
Thomas S.
Landlords and Tenants Lawyers
To begin I will say that if you operate in a State that requires that Landlords always be represented by a Lawyer none of my experiences or practices may apply. In our jurisdiction Landlords are not required to have l...
Elle Xuxin
is it better to have a Nevada or Delaware LLC for my real estate investing biz in NY??
we are moving to NYC and going to set up a LLC for my husband's sound design business and wondering if it is better to start a separate LLC in another state or just use the same LLC to start with.. point is we don't h...
David Pupo
The Legality of Wholesaling
Thought I would touch on this topic because of a conversation I had to other day. So I am licensed and working for an investment brokerage here in Florida. I received a call yesterday from another real estate agent wh...
Amanda Kwem
DUAL AGENCY not disclosed, pressuring 200k over asking with seller financing
I'd like your opinion on a matter. Myself and 2 of my business partners/friends are first time home buyers looking to purchase in a hot market in CA. There is a house we like and offers were due yesterday. List pri...
Matt Rozzell
Angry Texts from craigslist ad
Just had my first response to one of my craigslist ads for getting leads. They were not happy. Kept calling me a scam. But Im letting it roll off me because not everyone is going to be happy. At first I was taken abac...