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Results (3723)
Raquel Baranow IRS is Auditing My Real Estate Business
5 January 2013 | 19 replies

My business is buying vacant land, cheap through tax lien foreclosure and then selling it. I own 125-vacant lots. Business is BAD, I haven't made a profit in years. I was holding some of the lots for investment but th...

Marsha Hill Rental Sold Contract for Deed has come back Uninhabitable! Help!
24 October 2018 | 2 replies

During the worst recession in history, when NO ONE could get a real estate loan, I sold a property to a young family via Contract for Deed. They were to get their own loan in a year, after raising their credit score f...

Jacob Beg Seller refusing to handover Insurance settlement check
11 March 2022 | 6 replies

Hi All-I contracted to purchase a property in MD in as-is condition. Standard realtor contract requires that on settlement date the Seller deliver the property in substantially the same condition as of the day of acce...

Jolene Adam Losses and taxes
11 January 2016 | 7 replies

About 10 years ago, Friend A (on advice from his CPA) and an IRS rep both told me that I should strive to not have a loss on my rental property for more than three years, or no more than three out of ? years (not sure...

Alex Puleio 21 y.o. Heading into Real Estate
7 June 2016 | 10 replies

Hello BP, I am a 21 year old who has just graduated college. In the coming weeks, I will start off my engineering career for a top 4 Defense Contractor in Minneapolis, MN. I am extremely motivated to buy real estate w...

Eric Thomson Wrap Around Mortgage, Texas
12 August 2019 | 10 replies

Hello BP. I am selling a flip turned primary residence and have a buyer requesting owner financing. I am carrying a conventional mortgage on the property so I would need to setup my first wrap around mortgage/contract...

Tara Ballenger FHA downsizing rule?
17 December 2017 | 12 replies

Have any of you come across FHA’s supposed rule that you can’t buy a 2-4 unit property if the unit you plan to owner occupy is significantly smaller than the residence you currently own or are moving from? What are th...

Sarah Esposito Rentals near a college university
16 August 2021 | 5 replies

Hello, I am new to the real estate market. I have been reading books and analyzing deals for about a year now. I finally feel ready to make my first rental purchase. I live in New York, the real estate here is high, w...

Jason Smith First investment duplex stories!
18 December 2014 | 9 replies

So I just purchase my first property, it is a house and a 1/2 duplex, here are the stats, insurance 660/year, taxes 1730/year total rents currently at 775 per month (350 and 425). The purchase price was 30000 with 4...

Krista Patrick Biggest challenge I've come across, I'd love some feedback...
24 January 2024 | 5 replies

Hopefully I don't get too far into the weeds explaining my dilemma that I lose you, but I'm hoping someone has some expertise they are willing to share.Long story short, my background is community and economic develop...