Joe Walsh
Maryland PHIFA Law Violations
Is it a violation of PHIFA to buy a house subject to an existing mortgage that is about to be sold at foreclosure auction? The purhaser would make The defaulted note current plus give cash to the seller, and give the...
Ryan Sajdera
LP's cashed out after refinance?
This is a question for the syndicators out there. Are you guys cashing out your LP's after you refinance a deal and then having the GP taking 100% ownership ? I've heard a few different schools of thought with this s...
Eric Guevremont
From 100 for Canadian Wholesaler
Hello BP,
I am about to start my first apartment building wholesale deal in Ontario, however, I need some guidance when it comes to writing out clauses in the Form 100. More specifically the “Schedule A” portion of ...
Lupas Dinu
Financing down payments
Can the pre-sale method be used to get the 20% down payment for the structure of the loan from hard money lenders?
William Coet
What Does Cash to Existing Financing Mean?
When a sale is listed as "cash to existing financing" can the "cash" be raised as equity from existing properties? If so, what is the best way to do this?
Thank you
Matt Mimnagh
Hey IRS, keep your dirty mitts off my $50k!!!
So I have two deals closing this year that are going to net me approximately $50k. I'm trying to figure out a way to avoid paying too much tax.The first property is an empty lot that I got for free when I purchased a ...
Brandon Craig
Tax implications for owner financing
Hi all. I was wondering if someone could explain the tax implications for both sides of an owner financing deal for a rental property? I am just starting to research this financing strategy and I'm wondering how muc...
Account Closed
1031 Exchange with 2 owners (one occupies and pays the other rent
If a father and son purchase a condominium together and the son lives in the residence and actively pays the father rent (father has invested more in the property than the son), is this property eligible for a 1031 ex...
Derek Decoste
option fee and 1 more question
A friend of mine wants to sell her house using a lease option and she has a couple of questions. I told her what I knew and tried to answer these questions but having no direct experience, just know what i've seen on...
Jason Brooks
House hacking primary residence avoid capital gains, Tax strategy
I have a home in the bay area that i bought with a conventional loan. i have about 150k in equity in the home and i am renting rooms. how can i pull out the equity in the house in order to convert my home from a prima...