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A friend told me of someone that will be entering foreclosure soon and had a question in regards to this. Let's say he owes about 200K on the house; now how do you go about on trying to purchase the house? do you buy ...
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Quick take on new tax bill-if possible defer income to 2018. Pay deductions in 2017. My first move!Lower tax brackets in 2018- less deductions available in 2018 compared to 2017. Example: Florida allows you to pay pro...
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Disclaimer:
- I'm a brand new member so, if this isn't how I'm supposed to ask questions, I'm very open to learning the correct way
- This is going to be long and cover multiple multi-part questions; please bear wit...
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Hello, I am learning about real estate and I think my first step into the world of real estate and was thinking about getting a traditional FHA loan and then heard on the podcast about something called a 203k loan. I ...
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I was curious how the two compare. I'm aware that in wholesaling, one must tread lightly on the side of "brokering", especially without a RE license as this opens up potential doors for legal issues. But how does this...
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Hey everyone. I lost my dad almost 2 years ago and my mother has never worked. When he passed she received 100K in life insurance money. She isn't real interested in doing flips so I mentioned to her about getting int...
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Hello, I put an offer down on a duplex in Cypress Park Los Angeles. It's looking like a pretty good deal except for one huge concern that I have regarding a tenant who is occupying one of the units. She is an older l...
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Gut rehabs seem to be a no brainer but I can't seem to develop a model to identify, contract, and execute a project.
I'm currently sitting with a stalled project due to a relationship gone wrong with a GC. What is t...
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I'm always looking for good ideas. How do you tell a tenant their tenancy is coming to an end when they are in self denial about the gravity of the situation? Here are some things I've done to send the message "it's o...
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I'm about to make an offer on a house with cash and I hope to refi the cash out immediately after renovation. I learned that you can get a conventional loan called "Delayed Financing" loan. However, this loan can onl...