There are 4 properties total in this portfolio, the rents are actual, would of course need to be verified. They are all section 8 and have all passed their most recent inspection. I have a solid ground team in the...
If a raw land parcel was sold at a profit, with the seller owning this parcel for more than 1 year, with the seller being in a 15% tax bracket ( from regular job ), would there be a capital gains tax liability ? Selle...
Can someone explain why the market value can be $50k on a house but the asking price is $25k? How is market value double what the actual value someone pays for it is? I assume I'm just naive but this does t make sense...
Hi all, this is my first post. Thanks ‘m hoping someone had suggestions on investment strategy.I have a couple of SFR rentals in Coeur d Alene, ID. Combined, they are roughly at 50% LTV and I estimate very roughly tha...
I have a homeowner who is running into default soon. House PITI is $1109/month. Value is right at what is owed on a 30 yr mortg $147,000. House may rent for $1200/month. They would like a little money down and as well...
Hi Everyone! Just wanted to introduce myself. I've been reading this forum for about a week now - what a treasure trove of info!
My wife and I are newcomers to the business. We are in the process of buying our first ...
I've started doing direct mail for 2 months now sending 250 letters a week to a 1,000 names and all I've gotten is people wanting market value for their homes or people calling me names. Today I got 3 calls from the s...
I’m a new investor, and this will be my first purchase so please bare with me. My plan is to purchase a duplex as an owner occupant using an FHA loan.I’m currently struggling with the fact that right now in my area (M...
Hey,
Im looking at a 9BR/5BA in a college area in Philly and wanted to know if my numbers make sense. I will be using an FHA with 1.5% down and a 2.75% mortgage rate. The house is asking $395K but I would bid ~$383K ...
The COVID-19 pandemic and local shelter-in-place orders had little effect on March 2020 home sales in the Austin metro area. According to the Austin Board of REALTORS (ABoR), Austin's median residential sales price ro...