Travis Buck
Possibility of being audited??
I have owned rentals for 4 years now. I never took the depreciation!!! If I go back and amend my tax returns for 2014, 2015, 2016 would that EXPOSE me more to an audit? I stand to get back an additional $2,000 per ye...
Jean Bolger
1031 exchange: land contracts?
Can you do a 1031 exchange into a property you are buying through a land contract? I am asking this because (as I understand it so far) you do not actually take title to the property with a land contract until the no...
Christa M.
tenant occupied property/tax deed sale
So today I found a "NOTICE OF TAX DEED SALE" on my front door. I rent a tiny 520 sq ft single family house in a horrible neighborhood -I mean the worst, however it's this house is Heaven to me. After the recession m...
Rayan Faris
loan money to father with current residence as collateral
Hi,My father lives in NJ. I would like to loan him money, paid monthly to help with his expenses. Unfortunately, he is not always financially responsible. I would like to loan it against his property which he owns fre...
Lynne Marquez
Conundrum...buying house from recently disabled family member
recently a family member found out he had diabetes the worst way...passed out and woke up in the hospital minus 1/2 of his foot and a toe was also amputated on the other foot. He has not been able to work and has had ...
Quentin S.
Arv 600k under contract for 400k needs no repairs
What's the best strategy to go about this. A house that's worth 600k arv is now under contract. We got it for 400k because he wants to pay the mortgage off and just walk away. Wholesaling wouldn't be a problem since i...
Marcus Geiser
Need Help with a Deal Analysis
[b]I have a lead on a home for $22K owner will finance with $2500 down. I offered $500 per month for three years with a baloon. HUD tenants in place paying $700 per month.
The home does need work roof, windows, and I...
Martha Blumel
Exit strategies for pre foreclosure 4-plex other than Shortsale?
I just heard back from an owner of a 4-plex, that I originally contacted late last year. He is ready to move forward. He has not made payments on the property for years, had filed BK and no LP has be filed yet (as far...
Ricardo Murph II
Deal in Ohio, I am in Texas and Seller in Georgia
I am working on a wholesale deal in Dayton, Ohio. I live outside of Houston, TX (Pearland) This is my first deal that may actually work, but its kinda complicated. I found this through my brother. This home is owned ...
Lawrence Rutkowski
What constitutes good Subject-to Criteria
Hello BP friends,I understand what a subject-2 transaction is, but what is the criteria/situational benchmarks you look for when deciding this is a good strategy for the subject property? Low equity, newer homes, for...