Chris Thomas
Eviction of a MTM tenant without cause.
I am in a 50/50 partnership over a duplex in Idaho. My partner and I are not married but have been together for 8 years. We bought the duplex and rented it out to two of my childhood friends. My partner is now sleepin...
Thomas Lee Malpass
Single Family Rentals with An Accessory Dwelling Unit
So I am a little confused on to how a Single Family home with an ADU would potentially rent out.I am calculating one right now and it would not work if it were to rent out as just a SFR from the comps in the area. But...
Samuel Larson
Finance Multi-Family 4-Plex in MN
I have been analyzing some specific deals within my local area and there is a Multi-Family 4-Plex that has good potential. I have an investor to cover the down payment of the property but am having a hard time find a ...
Tin Chup
Equity on inherited family home with no mortgage
Just looking for some advice. I inherited a family home in Des Moines Iowa , no mortgage assessed at maybe around $60k. Needs work, home was built in late 1800s. I’m aiming for possibly a HELOC For 3.5 FHA for a secon...
Chris O'brien
How much money do you make a year from real estate
If you are uncomfortable answering this question, please don't.
Also what do you do to make your money(flipping, renting, building, etc.)? How many properties/units do you work with? Also how many years have you ...
Mark Turner
Self Directed IRA...Can you Buy from your IRA?
Theoretical question here. If you had a Self Directed IRA...can you (personally) buy back the property held by your IRA without any self-dealing IRS related issues?
Giovanni Cortorreal
Using Land Trust and Land Contracts for my clients
As a Realtor, here is what I’m planning to do to assist my clients who do not have credit, yet they have a good chunk of the money needed to purchase a home.
1. The seller creates a Trust and deeds the property to th...
Eric Johnson
Help! Another Wholesale Question
My end buyer wanted to use his title company to close my wholesale deal. I asked if his title company was familiar with contract assignments. He never did get back to me. At any rate, because this is my first deal,...
Frantzces Lys
Help!
Hello,
I am a newbie wholesaler. I have a property that a seller is very motivated in getting rid of. There is no equity as she is upside down in the mortgage. She has 82k left in the property and wants to break even...
John Smith
Owner financing and taxes
In a situation where somebody owns property free and clear and sells it to a friend and agree to non interest owner financing , what they need to report anything to IRS besides that one sold the property and the ot...