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how to tell if a preforeclosure is worth pursuing
I've been reading up a bit about preforeclosures and the possibility of wholesaling them. I have a database that sends me a list of preforeclosures anywhere in the US. Just today, there are 27 preforeclosures in a zip...
Vivek Kumar
People with poor credit but seems due to living on cash
So I got a tenant application who has a credit score of about 520 and same for spouse. No debts and almost nothing on credit report. It's almost blank. With a few inquiries from auto dealers. they shared 3 months bank...
Drew Poniewaz
Seller/ Owner finance restrictions on Zillow
I was recently listing a home for sale on ZIllow with seller financing. They would not put up my listing because it violates their policy on financing. I have listed before on Zillow with financing. Has anyone else ru...
Taylor Wong
Analyzing deals in Colorado Springs - Assuming VA as a civilian
Hello everyone!I'm interested in buying a SFH home in CO springs as a long term rental. I've run the numbers on a bunch of properties using the following numbers:- vacancy 6%- Property tax 0.44% of list price per year...
John Backus
Under water on house- Is forclosure an option?
Hello, I'm looking for some advise on what to do. In 2006 my wife and I purchased our first home in Lansing, MI. Honestly, I believe we overpaid unfortunately, and it cost us $107,000. We had an FHA loan with no down ...
Jason Risley
Looking for a HELOC! Need common-sense underwriting!
My primary residence is worth between $775K and $800K. I'm a realtor so that value should be very close to accurate. I have a first loan at $384K and I'm looking to get a HELOC (home equity line of credit) for between...
Account Closed
Help creating a note for a friend loosing property to taxes
Hey guys,I have a friend of a friend who is desperate because he's about to lose his property because of unpaid taxes (2yrs of unpaid taxes, Texas). I would like to help him and maybe invest my cash in creating a note...
Larry King
Accelerated depreciation on primary residence turned STR?
We are planning to turn our primary residence into an STR at the end of this year and are looking to take advantage of accelerated depreciation if we can meet the REPS requirements. To my knowledge I believe this is p...
Toks Fifo
Rental property taxes vs. stock taxes
I'm confused about the tax advantages of rental properties as compared to stocks. For the following, assume I buy an SFR with 20% down, rent it out, and sell after 30 years.
I'm taxed on the "profit" (I'm not yet sur...
Account Closed
Step by Step for Documenting Seller Financing
Forgive me ahead of time for any seemingly obvious questions that I ask about this topic. I am unclear of the steps that need to be taken in order to legally take possession of a property through seller financing. I u...