Lynn Henley
How to Deal With Multiple Owners Scattered Around the USA
I've found a residentual lot with 5 owners, who are scattered from FL to CA, but none local to the property. I've had verbal commitments from 2 of the owners, and they tell me everyone is OK with selling it. I've ha...
Rick Bassett
Simultaneous (same day) 1031 Exchange Question
I did 2 transactions on the same day about a year ago of like rental properties. I sold a 2 bedroom SFH for $200k and later that day we closed on another 2 bedroom SFH for $180k.We paid federal, state capital gains as...
Jasmine Witherspoon
Need advice. What should I do to help.
Question/advice : I have a woman that is having issues with a home that belonged to her mother. They mother did not have a living will. But they found out the mother took out a second loan on the house and owes on it ...
Ashton Karp
Prospect follow up when being ignored
I am finishing my first year as a real estate agent and am hitting a block with follow ups on leads. I focus my business on door knocking, cold calling, and my sphere, with the intent of purchasing physically distress...
Account Closed
Is This Tax Deed Formula Too Good To Be True?
There is a system out there being sold stating that you can contact property owners who are delinquent before it goes up for the tax sale possibly buying the property for a token amount, assuming the taxes, recording...
Ron Masters
Under contract before escrow closes on 1031 property - any tips ?
To avoid a failed 1031 in his tight market (Los Angeles) I would like to go under contract with a replacement property before escrow closes on my property Im selling. Any clauses in the purchase contract to make it sa...
Will Gaston
SC Property Tax Reduction Based on Buying a Business?
All:Has anyone in SC ever successfully gotten property taxes reduced on a large portfolio of properties (other than the standard 25% ATI exemption) based on the fact they were buying a "business" instead of a collecti...
Ben Roberts
Potential Short Sale in Memphis?
I need some help thinking through this potential deal. The seller must sell as she's moving out of town, 3/2 in Memphis, TN (Near Park and Highland, for those familiar)Current balance on the mortgage is $72K, the mon...
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...
Yun Liu
upcoming auction in SD
Hi there, anyone participating in upcoming auctions in San Diego? Wondering what's ball park number to win bids based on previous experience. 50 cents on the dollar of 70 cents on the dollar? thx