Mike Chubb
Abandon home-taxes owed are more than the property is worth
hello everyone this is a property that I have had on my mind for quite along time can anyone (which I don't think anyone can) tell me if there is any sort of creative idea that works with this kind of problem? What h...
Quadeer Porter
Negotiating my first deal
Hi everyone,I'm negotiating my first real estate deal currently. It's a two family home, 3,120 square feet, with three parking spaces located in East Orange, New Jersey and we have it under contract. There are current...
Schnell Manson
I need advice on how to do a lease option assignment
I am new to REI and I have found a motivated seller but I am not sure if the numbers work.
It is a 3 bedroom 2 bath 1,565 sq ft house built in 1976. The seller owes $85k on the mortgage but the after repair v...
Wilson Jing
Short Sell problem... Seller seek to Stay 11 days
Good morning everyone,My name is Wilson and I am an investor who owns 8 properties in Jackson MS. I have a day job and real estate is something I do on the side. So I have a contract for a short sell and everything i...
Jim Kay
Determining Cost Basis w JTWROS
Hoping for some tax guidance on cost basis determination. Many thanks in advance.My wife was listed on her's Mom's house deed as joint tenet with right of survivor-ship. Her Mom passed away in Nov '17 and the house wa...
Arman Tannu
Financing Advice for Potential Triplex Deal
I am looking at a property here in FL that is listed as a single family for 470k but is functionally a triplex (3/2 house with a guest house in back that has 2 units, one is a 1/1 and the other is a studio, both units...
Rosetta Wallace
I just purchased a home and found out that it's on demolition
I just purchased a home and found out it's on demolition list with the city of Rochester NY
Account Closed
Ideas for low cost marketing?
Hello!I'm currently researching low cost methods to market in my North Austin/Cedar Park/Leander area, and I wanted to know what has been successful for other investors in the area. I am saving up to by a couple of li...
Geoff Bishop
Do Investors Drive Up Home Prices?
Do buy-and-hold real estate investors drive up home prices?Does the average Joe have to pay more for his home because greedy real estate investors buy up all the houses?I'm being somewhat tongue-in-cheek here, but is ...
Keith W.
Exit Strategy for Lease Option Buyer
This is a 30 thousand feet overview of the process. Correct me if I"m wrong, then a couple questions at the end. Motivated Seller has a property in pre-foreclosureWe set up a Subject 2 agreement with the sellerWe pay...