Julio Avila
HELLO, i am Julio :D
hey guys, my name is Julio.
i am 23, live in Irving, Texas, and been really into lifestyle design, which is why i was lead into real estate. I have a full time JOB right now, plus i sell websites for my own ...
WLD Speculator
Tax Implications of a Short Sale
Could someone enlighten me on the tax implications for the homeowner of a short sale. My understanding is that if they had refinanced there would be a 1099 issued, but if it was the primary purchase loan there would b...
Matt Schelberg
Replacement Reserves and Discounted Cash Flow
Frank Gallinelli's great book "What Every Real Estate Investor Needs to Know About Cash Flow" got me thinking about how to properly account for replacement reserves in rental properties. If we discount future rent...
Dawn B.
Man I found a huge deal but I need help
I'm am freak-en out and I need help, this is my very first wholesale deal. I found a home where the comps are stating the home is $134,000 but the owner just wants to get rid of the home for $40,000. The home has bee...
Viviana Rueda
Interesting Bloomberg Article on the Increase in Landlords
Hi folks - ran across this Bloomberg article on LinkedIn this morning. https://goo.gl/VW2JFF Not such a surprise to this crowd I'm sure. The looming question for me isn't necessarily that we're crowding out the potent...
Patrick Martone
Which Of these 2 financing scenarios should I pursue?
Our goal is to househack and rehab a 4plex with my father. Looking in NJ, FL, and TX. We have an LLC, perfect credit, own two homes, and 3 vehicles. I have 100k cash, a 401k and appreciating stocks.My dad will pay the...
David Moore
Minneapolis considering Section 8 Discrimination Law
Just got word that the City Council is considering an ordinance that would make it unlawful or discrimination to exclude section 8 applicants from the application process. I think HUD's own rules should govern this a...
Account Closed
Tax lien and city taking a property
If I own a tax lien on a property and the city seizes the house from the current owner as abandoned, what is my position relative to the city? Do they have to pay off my lien? Can I end up with the property instead? T...
Tim Lyons
Buying dilapidated mobile homes on private lots.
Any thoughts on buying a sub $20K mobile home on a private lot (no lot rent), rehabbing it, and renting it out? Seems like it could be the cheapest way to get in the game if you do the work yourself. Maybe $35K total ...
Benjamin Dilg
Screening Process for Student Rental
I am running into an issue with my student rental applicant screening process. For years, I have relied on my ability to read prospective tenants and make the best choice from that information. Going forward, I would ...