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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...